Drilling in natural gas liquids-weighted plays and oil shales are expected to be the focus of domestic exploration and production (E&P) companies in 2011, energy analysts with FBR Capital Markets said Monday.
Articles from Oilfield
Chesapeake Energy Corp. has opened a $7 million oilfield services and training center in the heart of the Marcellus Shale that offers all of the comforts of home — and then some.
National Oilwell Varco Inc. (NOV), one of the biggest equipment manufacturers in the oilfield services industry, last week reported a huge jump in its backlog for rig equipment orders in North America.
Because of strong drilling in North America’s onshore basins, oilfield equipment manufacturer National Oilwell Varco Inc. (NOV) said Tuesday its rig equipment backlog at the end of September was worth an estimated $4.87 billion — more than at the end of the second quarter.
National Oilwell Varco Inc. (NOV), one of the biggest equipment manufacturers in the oilfield services industry, saw its share price jump more than 7% in heavy volume Tuesday after the company reported a huge jump in the backlog for rig equipment orders.
Renewed vigor to tap into North America’s shales helped Schlumberger Ltd. to more than double its quarterly earnings, the oilfield services giant said Friday.
Strong earnings from U.S. natural gas and oil shale operations in 2Q2010 lifted several of the biggest oilfield service company profits, but rough seas are ahead for U.S. offshore operators because of the Gulf of Mexico (GOM) drilling moratorium, Halliburton CEO Dave Lesar said last week.