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.
Equipment
Articles from Equipment
OFS In-Depth Part 1: Rising Costs May Lead to Volatile Oil, Natural Gas Production Growth
Part one of a two-part NGI report (Part Two).
May 22, 2017
Halliburton Doubling U.S. Frack Capacity, Hiring 2,000, Warns on Rising Costs
Halliburton Co. is bringing back double the U.S. pressure pumping capacity it had expected to reactivate for the entire year and is hiring people as quickly as possible, as customer animal spirits “run hard,” CEO Dave Lesar said Friday.
March 24, 2017
Halliburton Ready to Play Hardball on Pricing, Says CEO
Halliburton Co. returned to operating profitability in North America for the first time in 2016 in the final three months, and equipment is coming off the cold stack and moving back into the onshore, if the price is right, CEO Dave Lesar said Monday.
January 23, 2017
NOV Not Calling Bottom, Moving to Capture Shale Work as Offshore Collapses
Houston-based National Oilwell Varco Inc., which provides drilling support services worldwide, sees no relief in sight for its bread-and-butter offshore business, but it is seeing potential opportunities in the U.S. onshore, management said Thursday.
July 28, 2016
Attrition, Efficiency Have Tightened Pressure-Pumping Capacity, Halliburton Says
When it comes to the peak U.S. rig count, 900 is the new 2,000, Halliburton Co. President Jeff Miller told investors during the company’s 2Q2016 earnings call Wednesday.
July 21, 2016
North America ‘Coming Off’ Bottom but Recovery Shaky, Says Halliburton CFO
North America’s oil and gas industry is “coming off the bottom,” but the recovery is unlikely to be a straight line, Halliburton Co.’s financial chief said Tuesday.
June 22, 2016
Basic Energy Standing Ready For Onshore Uptick
Expectations that maintenance projects that were deferred in the U.S. onshore last year would resume early in 2016 haven’t panned out as expected, Basic Energy Services Inc. CEO Roe Patterson said Thursday. However, production-related activities “appeared to have stabilized” in March, and there’s optimism, however slight, that work is improving steadily.
April 21, 2016
Basic Energy Standing Ready For Onshore Uptick
Expectations that maintenance projects that were deferred in the U.S. onshore last year would resume early in 2016 haven’t panned out as expected, Basic Energy Services Inc. CEO Roe Patterson said Thursday. However, production-related activities “appeared to have stabilized” in March, and there’s optimism, however slight, that work is improving steadily.
April 21, 2016
PTEN Still Not Calling Bottom, Sees More Rigs Falling
A handful of onshore operators are reactivating rigs but others are planning to drop equipment, “collectively leading to a flat rig count” through the rest of the year, Patterson-UTI Energy Inc.’s management team said Thursday.
July 23, 2015
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
