The oilfield services industry has been mangled, chewed up and spit out since commodity prices began tumbling in late 2014. Like a champ, operators picked themselves up and fought back by revamping customer contracts, improving efficiencies and costs, and as they have always done, delivering ever-better technology.
Oilfield
Articles from Oilfield
Oilfield Recovery Prolonged as Many Laid-Off Employees Never Coming Back, Says Evercore
Contrary to the optimism some oilfield services companies have expressed about finding a solid labor pool once the oil and gas upturn begins, many former employees have no intention of ever returning, according to a survey by Evercore ISI.
August 2, 2016
As U.S. E&Ps Ax Budgets, Raymond James Forecasting Sharper Decline in Rig Count
Raymond James & Associates Inc. analysts are standing by their call for West Texas Intermediate oil prices to reach $50/bbl later this year in the face of a futures strip that is “simply unsustainable,” but until the price cavalry arrives, the U.S. rig count is going to be hacked even more as producers cut back their spending.
February 8, 2016
California Regulators Cite Subsidence Concerns in Clamping Down on Freeport-McMoRan Exploration
Under increasing criticism for being too soft on oil and natural gas operators, California regulators on Monday ordered the exploration unit of Freeport-McMoRan Corp. to provide additional data on the Inglewood Oilfield in the greater Los Angeles area.
December 2, 2015
Archer, Quintana Energy to Merge North American Land Services
Global operator Archer Ltd. is buying a major stake and contributing well services entities to Houston’s Quintana Energy Services LP (QES) to create a North American onshore-focused oilfield services business.
November 23, 2015
Oilfield Equipment Market Down But Not Out, Says Douglas-Westwood
Spending for oilfield equipment (OFE) has fallen sharply over the past year, mostly impacting the U.S. onshore, but recovery should begin by 2017 and accelerate thereafter, according to new research by UK-based Douglas-Westwood Ltd. (DW).
November 9, 2015
Schlumberger, Cameron’s $14.8B Tie-Up to Create Oilfield Powerhouse
Schlumberger Ltd. and frequent partner Cameron International Corp. agreed Wednesday to merge in a deal estimated to be worth $14.8 billion, combining complementary technology portfolios that they said would be the industry’s first “complete” drilling and production systems.
August 26, 2015
Boomerang Seeks Protection, Joins List of Distressed OFS Operators
St. Louis-based Boomerang Tube LLC, which manufactures tubular goods and line pipe for the oil and gas industry, filed for Chapter 11 bankruptcy protection on Tuesday, the latest victim of the depressed oilfield drilling market.
June 9, 2015
Boomerang Seeks Protection, Joins List of Distressed OFS Operators
St. Louis-based Boomerang Tube LLC, which manufactures tubular goods and line pipe for the oil and gas industry, filed for Chapter 11 bankruptcy protection on Tuesday, the latest victim of the depressed oilfield drilling market.
June 9, 2015
Chesapeake Oilfield Spinoff Advances Early in Market Debut
Seventy Seven Energy Inc. (SSE), the oilfield services unit jettisoned by Chesapeake Energy Corp., advanced Tuesday in its first day of trading as a standalone on the New York Stock Exchange.
July 1, 2014
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