Oilfield

Sustained Gas Liquids Drilling in 2011, Says Analyst

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.

December 22, 2010

Chesapeake Center to House, Train Marcellus Workforce

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.

November 24, 2010

National Oilwell Sees Big Drilling Bump in North America

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.

November 1, 2010

Big Jump in Rig Demand, Says National Oilwell

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.

October 27, 2010

National Oilwell Varco: High Oil, Gas Activity Across North America

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.

October 27, 2010

Schlumberger CEO: Liquids-Rich Drilling May Peak in 2011

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.

October 25, 2010

Weatherford Up on North American Rebound

Lifted by a rebound in North American oilfield services, Weatherford International Ltd. on Tuesday said its third quarter earnings were up 87% from the year-ago period.

October 20, 2010

Service Operators Profit in Shale Plays, GOM a Drag

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.

July 26, 2010

U.S. Onshore Lifts Weatherford Profits

The U.S. land market helped Weatherford International Ltd.’s earnings soar in 2Q2010, lifted by increased oilfield services work in unconventional natural gas and oil plays, the company reported Tuesday.

July 21, 2010

Alberta Reforms May Save Producers Millions

Producers will save up to C$170 million (US$160 million) due to the first step alone in a planned series of reforms to Alberta natural gas and oilfield regulation, the provincial energy department predicts.

June 28, 2010