The global oil and gas industry has recouped some losses incurred during the pandemic lockdowns, but there is still a way to go to ensure the profitability of the sector overall, according to NOV Inc. CEO Clay Williams. Williams led a conference call to discuss the Houston-based oilfield services giant’s second quarter results. As he…
Articles from Equipment
Upwing Energy Inc., which has provided artificial lift technology for the oil and gas industry since 2016, said it has been independently certified as a carbon neutral company under standards set by the British Standards Institution (BSI). According to the Cerritos, CA-based oilfield services operator, Upwing’s certification can benefit exploration and production (E&P) companies through…
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…
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.
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.
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.
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.
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.
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.
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.