Oilfield

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

Halliburton More Optimistic on North American 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 Monday.

April 23, 2013

Small-Scale LNG Fueling Equipment Unveiled

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.

April 19, 2013
Customers Adding Fewer Rigs Than Expected, Says Schlumberger CEO

Customers Adding Fewer Rigs Than Expected, Says Schlumberger CEO

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.

March 25, 2013

North American Drilling Outlook ‘Unclear’

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.

March 25, 2013

North American Drilling Outlook ‘Unclear’

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.

March 25, 2013

Patterson-UTI Surprises on Strong Growth

Patterson-UTI Energy Inc. did something in the final three months of 2012 that no other onshore oilfield services provider has announced yet: hydraulic fracturing (fracking) services climbed and sales surpassed expectations — surprising even company executives.

February 11, 2013
Patterson-UTI’s Surprisingly Strong Results Upend Forecasts

Patterson-UTI’s Surprisingly Strong Results Upend Forecasts

Patterson-UTI Energy Inc. did something in the final three months of 2012 that no other onshore oilfield services provider has announced yet: hydraulic fracturing (fracking) services climbed and sales surpassed expectations — surprising even company executives.

February 11, 2013

Canadian Drillers Take Another Look at Remote Canol Shale

A winter drilling season with potential to fulfill Canadian northern oil visions has begun, with an adventurous spirit driving bits down into an all but untouched shale deposit known as the Canol.

February 1, 2013

Halliburton CEO: Natural Gas Not ‘Activity Driver’

Last year proved challenging for the North American oilfield sector, as operators moved rigs from natural gas to more lucrative liquids targets and an overcapacity in pressure pumping continued to impact margins. This year won’t be much better, Halliburton Co.’s management team said Friday.

January 28, 2013