ofs

Employment in the Texas upstream oil and gas industry continued to rise in April but at a slower clip than the previous month, according to the latest tally from the Texas Independent Producers and Royalty Owners Association (TIPRO). Direct employment in the exploration and production (E&P) sector totaled 199,400 for the month, up 700 jobs…

Employment in the U.S. oilfield services and equipment sector (OFS) increased by 2,907 jobs in March and reached its highest level in three years, according to an analysis of federal data by the Energy Workforce & Technology Council. Total OFS jobs climbed to 656,368 last month, a high mark since the onset of the coronavirus…

The decline in U.S. natural gas prices, combined with elevated costs to drill a well, are forecast to slow down drilling and completions (D&C) activity in the gassy basins of the Lower 48. Rystad Energy Vice President Serik Omarov in a note said the gas price decline has created uncertainty for exploration and production (E&P)…

Baker Hughes Co. generated record orders in the fourth quarter, driven by “multiple awards” for  LNG and offshore production equipment, CEO Lorenzo Simonelli said Monday. In a conference call to discuss quarterly and full-year earnings, the CEO noted that operationally, the Houston-based oilfield services (OFS) giant “continues to navigate challenges” in “different parts of the…

U.S. oilfield employment rose in November month/month, with gains in all six tracked categories, according to the trade group Energy Workforce & Technology Council.  Domestic jobs in the broad oilfield services and equipment sector, aka OFS, climbed by an estimated 2,346 jobs to 645,486 in November, the preliminary data from the U.S. Bureau of Labor…

International natural gas and oil market activity is accelerating, and North American service capacity is tightening, with pricing “moving up in both markets,” Halliburton Co. CEO Jeff Miller said Tuesday. Miller helmed a conference call with analysts to discuss third quarter results, noting the Houston-based oilfield services (OFS) giant is using the technology honed in…

Two days after reporting solid third quarter results, Schlumberger Ltd. changed its brand to SLB, underscoring its vision for a “decarbonized energy future.” The bellwether oilfield services (OFS) operator, the world’s largest, rebranded to the New York Stock Exchange symbol to affirm its evolving focus on “driving energy innovation for a balanced planet” as a…

Schlumberger Ltd., founded 96 years ago, has changed its brand to SLB, underscoring its vision for a “decarbonized energy future,” the company said Monday. The rebranding to the New York Stock Exchange symbol is designed to affirm its transformation from the world’s largest oilfield services company to focus on “driving energy innovation for a balanced…

The executive team of Houston-based Baker Hughes Co. acknowledged there were challenges during the third quarter of 2022, but overall the team remains optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions…