Oilfield services operators last week reported stronger sequential earnings in 1Q2010 from the last three months of 2009 because of a boost in U.S. onshore spending, but with North American natural gas prices failing to show much strength, the outlook for the second half of this year is uncertain, CEOs of Halliburton, Nabors Industries Ltd. and Schlumberger Ltd. said last week.
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Articles from Oilfield
ExxonMobil: Frac Chemicals Should be Disclosed
ExxonMobil Corp. gave a signal to oilfield services companies last week to begin disclosing the chemicals used in hydraulic fracturing (hydrofracing) operations at drilling sites.
April 19, 2010
ExxonMobil Suggests Disclosure of Frac Chemicals
ExxonMobil Corp. gave a signal to oilfield services companies this week to begin disclosing the chemicals used in hydraulic fracturing operations at drilling sites.
April 15, 2010
ExxonMobil Suggests Disclosure of Frac Chemicals
ExxonMobil Corp. gave a signal to oilfield services companies this week to begin disclosing the chemicals used in hydraulic fracturing operations at drilling sites.
April 15, 2010
Schlumberger Prepares for Next Gas Drilling Uptick
Reduced natural gas drilling in North America may be enough to sustain unconventional production in the short term, but for the oilfield services sector, research and development dollars continue to be poured into more complex drilling technologies, which will be needed once activity resumes, the CEO of Schlumberger LLC said this week.
March 25, 2009
Schlumberger Lays Off 1,000 North American Personnel
Schlumberger Ltd., the world’s largest oilfield services company, is laying off 1,000 contractors, operating staff and support personnel across North America because of the deteriorating conditions in the natural gas and oil sector. If market conditions don’t improve, the company warned it could reduce its workforce even more.
January 9, 2009
DOE, Ormat Use Producing Well’s Hot Water to Generate Power
The U.S. Department of Energy’s (DOE) Office of Fossil Energy’s Rocky Mountain Oilfield Testing Center (RMOTC) and Ormat Technologies Inc. have produced the first successful generation of electricity using geothermal hot water from a producing oil well in Wyoming, they said last week. The power can be used in oil/gas production, reducing costs and freeing capacity on the power grid.
October 27, 2008
DOE, Ormat Use Producing Well’s Hot Water to Generate Power
The U.S. Department of Energy’s (DOE) Office of Fossil Energy’s Rocky Mountain Oilfield Testing Center (RMOTC) and Ormat Technologies Inc. have produced the first successful generation of electricity using geothermal hot water from a producing oil well in Wyoming, they said this week. The power can be used in oil/gas production, reducing costs and freeing capacity on the power grid.
October 23, 2008
DOJ Clears Way for Development of Nanosenors to Find Oil, Gas
The Department of Justice (DOJ) Friday said it will not oppose on antitrust grounds a proposal by a group of oil and natural gas producers, oilfield service companies and the University of Texas to engage in joint research and development involving the application of nanotechnology to the exploration and production of oil and gas.
August 27, 2007
Weather, MLPs, M&A Could Disrupt ‘Benign’ E&P Sector
Strong commodity prices overall have continued to temper the negative impact of higher oilfield costs, but several factors could disrupt the relatively “benign” environment in the exploration and production (E&P) sector through the rest of the year, according to Standard & Poor’s (S&P) credit analysts.
August 6, 2007
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