Equipment

Baker Hughes Secures Equipment Deal for Major Qatari LNG Expansion

Baker Hughes Secures Equipment Deal for Major Qatari LNG Expansion

Baker Hughes Co. said Tuesday it will supply Qatar Petroleum gas-powered refrigerant units for an expansion of the Middle Eastern country’s liquefaction capacity to 110 million metric tons/year (mmty) from 77 mmty by 2025. The Houston-based oilfield services giant said it is among the largest liquefied natural gas (LNG) deals it has secured in the…

September 29, 2020

Lower 48 Pressure Pumpers Look to Differentiate as Fracturing Demand Falls

Pressure pumpers in the Lower 48 struggled through 2019, with hydraulic horsepower (hhp) demand falling about 10% sequentially in the final quarter, according to estimates by IHS Markit.

December 31, 2019

NOV Delivers Solid Cash Flow, Adjusts to Sluggish North American Land Market

As the North American onshore continues to cool down, oilfield technology specialist National Oilwell Varco Inc. (NOV) is making adjustments, concentrating efforts to offshore and international drilling markets, where new orders grew during the third quarter.

October 29, 2019

RPC Cuts Workforce, Stacks Pressure Pumping Equipment as E&Ps Pull Back

Atlanta-based RPC Inc., which provides specialized oilfield services and equipment to customers working in the Lower 48 and Gulf of Mexico, has adjusted its operating strategy to compete in a “difficult environment,” CEO Richard A. Hubbell said Wednesday.

October 23, 2019
‘Capital Austerity’ in Offshore, Onshore Creating Near-Term Uncertainty, Says NOV CEO

‘Capital Austerity’ in Offshore, Onshore Creating Near-Term Uncertainty, Says NOV CEO

Houston-based National Oilwell Varco Inc. (NOV), which provides oilfield technology for onshore and offshore customers, said customers spent less than expected during the first quarter, with orders for new equipment sparse.

April 30, 2019

Potential Permian Constraints Pose Risks for RPC, Says CEO

Oilfield equipment specialist RPC Inc., whose activity is centered in the United States, reported a 17%-plus jump in revenue from a year ago on higher activity levels and a larger fleet of equipment, the Atlanta-based operator said Wednesday.

July 26, 2018

Titan Takes Over Texas-Based Oil, Gas Equipment Facility

Titan Production Equipment, formed with assets acquired from Exterran Corp., is planning to scale up its manufacturing facilities west of Houston to build equipment used to separate, process and treat oil and natural gas streams.

July 12, 2018

NOV Warning 1Q Revenue Below Forecast on Delays in Customer Deliveries, Construction Issues

Houston-based National Oilwell Varco Inc. (NOV) is warning that first quarter revenue will be below expectations at $1.8 billion because of issues related to “reduced progress” on new offshore rig construction and customer-delayed deliveries of drilling, well servicing and stimulation equipment.

April 17, 2018
NOV Sees Opportunities Even With Flattish Growth in Drilling Activity

NOV Sees Opportunities Even With Flattish Growth in Drilling Activity

Despite the recent pullback in the U.S. rig count and the uncertainty in the 2018 outlook, drilling technology expert National Oilwell Varco Inc. (NOV) sees opportunities to help the industry retool and innovate as it navigates a $50/bbl world.

October 27, 2017
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