One year after General Electric Co. (GE) combined its estimable oilfield services business with Baker Hughes Inc., the company is working to secure oilfield business in an increasingly competitive market, a strategy that appeared to pay dividends during the second quarter.
Earnings
Articles from Earnings
BP’s ‘Very Gassy’ U.S. Portfolio Centered on Haynesville, Future LNG Exports
BP plc on Tuesday reported its strongest underlying quarterly profit in three years, with first quarter earnings up 71% year/year and 23% sequentially.
May 1, 2018
NOV Pivoting to More Onshore Technologies to Gain U.S. Unconventional Share
The oil and gas market finally is nearing an inflection point following the brutal downturn, setting the stage for a better 2018, National Oilwell Varco Corp. (NOV) CEO Clay Williams said Tuesday.
February 6, 2018
MPLX Eyeing More Permian ‘Penetration’ as Argo Plant Readies Ramp-Up
MPLX LP plans to bring online its Argo natural gas processing plant in the Permian Basin in the first quarter of this year, a move that aligns with goals to enhance its footprint in the prolific play, President Michael Hennigan said Thursday.
February 1, 2018
Kinder Morgan Sees Synergies for Natural Gas System from Texas Permian Project
Kinder Morgan Inc.’s (KMI) natural gas business outperformed in the final three months of 2017, driven mostly by growth in transportation volumes, as the midstream giant readies expansions for its oil and gas systems across North America.
January 18, 2018
Midstream Operators Seen to Benefit with Added Frack Crews Increasing Completions
U.S. midstreamers working in onshore basins should get a “substantial uplift” in 2018 as oil and natural gas producers complete more wells and tie in to expanding infrastructure.
December 19, 2017
Harvey, Onshore Rig Pullback May Weigh on E&P, OFS Results for 3Q, Say Analysts
The third quarter earnings season is getting underway in earnest this week, with investors eyeing what the declining onshore rig count may mean as prices have barely budged. Kinder Morgan Inc. was first out the blocks late Wednesday, with the Big Three oilfield services (OFS) operators bookending the weekend, as Schlumberger Ltd. and Baker Hughes, a GE company, sharing their results on Friday and Halliburton Co. reporting on Monday.
October 19, 2017
NGI The Weekly Gas Market Report
Continued Low Prices Have Mexico’s Alfa Still Seeking Divestiture of Eagle Ford Position
Monterrey, Mexico-based industrial conglomerate Alfa is continuing to explore sale options for the U.S. assets of upstream oil and gas unit Newpek LLC, the company said Tuesday during a presentation of third quarter 2017 results.
October 19, 2017
Permian Expansions on Horizon for Kinder as Mexico, LNG Drive NatGas Growth
Demand pull from exports to Mexico and from liquefied natural gas (LNG) terminals on the Gulf Coast has bolstered Kinder Morgan Inc.’s (KMI) outlook for its natural gas transportation business, as volumes rose during the second quarter. Expansions targeting Permian Basin output also are on the horizon.
July 20, 2017
ConocoPhillips Lower 48 Output Stronger Than Previously Anticipated
ConocoPhillips Lower 48 unconventional production troughed a bit sooner than the company expected — during the first quarter instead of the second. And now production is up from what was only recently planned, Alan Hirshberg, executive vice president for production, drilling and projects said Tuesday.
May 2, 2017
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