Oilfield

Oilfield services companies operating in North America have no plans to scale back research and development (R&D) into their ever-better software and hardware offerings, and some are eyeing 3D printing as an option for the future.

With a flat U.S. horizontal rig count and a lower-priced backlog still to be worked through, the oilfield services sector didn’t have a lot of “classic” catalysts to propel them in 2Q2013, according to a preview by Tudor, Pickering, Holt & Co. (TPH).

Oilfield services provider Flowserve Corp. will relocate some of its pump division operations from New Jersey to Pennsylvania, a 15-mile move that brings more than 100 jobs to a state much more supportive of the company’s bread and butter: oil and gas drilling.

Halliburton Co., the No. 2 global oilfield services provider, is beginning to see some blue skies in North America this year and going into 2014, CEO Dave Lesar said last week.

Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.

Halliburton Co., the No. 2 global oilfield services provider, is beginning to see some blue skies in North America this year and going into 2014, CEO Dave Lesar said Monday.

With potential ramification for long-haul trucking, railroad, marine and oilfield applications, small-scale liquefied natural gas (LNG) fueling technology, dubbed “LNG In a Box” was unveiled Wednesday by General Electric (GE) unit GE Oil & Gas. The initial models are to be deployed in Europe under a deal with Luxembourg-based Gasfin.

North American oilfield services activity in the first three months of this year has been less promising than expected, according to Schlumberger Ltd. CEO Paal Kibsgaard.

Oilfield services activity in North America’s onshore and offshore from January through March is lower than Schlumberger Ltd. anticipated, according to CEO Paal Kibsgaard, who spoke Tuesday at the Howard Weil 41st Annual Energy Conference in New Orleans.