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.
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Articles from Oilfield
Canada’s Precision Says Customer Demand for Services Still Declining
Precision Drilling Trust, Canada’s largest oilfield services provider, cut its distribution to investors Friday by 31.5% after it said customer demand for its services was continuing to decline.
Canadian Gas Drilling May See Upturn — Later
Natural gas drilling in Canada may be poised for an upturn later this year as oilfield service costs stabilize, but increased drilling may not be enough to compensate for the slowdown that began last year, energy executives said last week.
Canadian Gas Drilling May See Upturn — Later
Natural gas drilling in Canada may be poised for an upturn later this year as oilfield service costs stabilize, but increased gas drilling may not be enough to compensate for the slowdown that began last year, energy executives said Wednesday.
Slowdown in U.S. Land Drilling Expected to Impact Entire Sector
Weaker-than-expected North American natural gas drilling in the last four months has taken a bite out of earnings for at least two major U.S. oilfield contractors, and the slowdown is expected to impact energy earnings across the board for the next few months, according to energy analysts.
Slowdown in U.S. Land Drilling Expected to Impact Entire Sector
Weaker-than-expected North American natural gas drilling in the last four months has taken a bite out of earnings for at least two major U.S. oilfield contractors, and the slowdown is expected to impact energy earnings across the board for the next few months, according to energy analysts.
AK Lawmakers Finally Approve New Tax; Gasline Future Still Uncertain
With their state in the midst of a revenue crisis stemming from shut in of production from the Prudhoe Bay oilfield, Alaska lawmakers approved the biggest rewrite of oil and gas tax policy in decades, which proponents say will pump billions more into state coffers and help pave the way for development of bountiful North Slope natural gas reserves.
Raymond James: Robust Outlook for Drilling Market
The number of U.S. land drilling rigs and their utilization rate are at their highest levels in decades, and that bodes well for the oilfield services sector, says Raymond James.
Raymond James: Oilfield Technology Making Difference for Industry
With the oil and natural gas industry upbeat about sustained growth, the newest oilfield technologies are now beginning to make a dramatic difference, according to a report by Raymond James.
Raymond James: Oilfield Technology Making Difference for Industry
With the oil and natural gas industry upbeat about sustained growth, the newest oilfield technologies are now beginning to make a dramatic difference, according to a report by Raymond James.