Oilfield

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
Chesapeake Takes Another Step to Spin Oilfield Unit

Chesapeake Takes Another Step to Spin Oilfield Unit

Chesapeake Energy Corp. on Monday advanced plans to jettison its oilfield services unit, first by creating a corporation that eventually…

March 17, 2014

Oilfield Technology Finessing Completions Today, Using 3D Printing Tomorrow

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.

January 27, 2014

Oilfield Sector Earnings to Indicate Strength of Onshore

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).

July 18, 2013

Pennsylvania Lures Flowserve Away From New Jersey

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.

June 17, 2013

Halliburton More Optimistic on U.S. Land

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.

April 29, 2013

Let’s Make a (Shale) Deal! U.S. Onshore Still Opening Doors, Says PwC

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.

April 25, 2013