Oilfield

Schlumberger Sees Uncertain Outlook in North America

A “strong performance” in North America and overseas failed to offset declines in product and software sales for leading oilfield services provider Schlumberger Ltd., which on Friday reported 1Q2010 earnings down 28% from the year-ago period.

April 26, 2010

Schlumberger Sees Uncertain Outlook in North America

A “strong performance” in North America and overseas failed to offset declines in product and software sales for leading oilfield services provider Schlumberger Ltd., which on Friday reported 1Q2010 earnings down 28% from the year-ago period.

April 26, 2010

ExxonMobil: Frac Chemicals Should be Disclosed

ExxonMobil Corp. gave a signal to oilfield services companies last week to begin disclosing the chemicals used in hydraulic fracturing (hydrofracing) operations at drilling sites.

April 19, 2010

ExxonMobil Suggests Disclosure of Frac Chemicals

ExxonMobil Corp. gave a signal to oilfield services companies this week to begin disclosing the chemicals used in hydraulic fracturing operations at drilling sites.

April 15, 2010

ExxonMobil Suggests Disclosure of Frac Chemicals

ExxonMobil Corp. gave a signal to oilfield services companies this week to begin disclosing the chemicals used in hydraulic fracturing operations at drilling sites.

April 15, 2010

Schlumberger Prepares for Next Gas Drilling Uptick

Reduced natural gas drilling in North America may be enough to sustain unconventional production in the short term, but for the oilfield services sector, research and development dollars continue to be poured into more complex drilling technologies, which will be needed once activity resumes, the CEO of Schlumberger LLC said this week.

March 25, 2009

Schlumberger Lays Off 1,000 North American Personnel

Schlumberger Ltd., the world’s largest oilfield services company, is laying off 1,000 contractors, operating staff and support personnel across North America because of the deteriorating conditions in the natural gas and oil sector. If market conditions don’t improve, the company warned it could reduce its workforce even more.

January 9, 2009

DOE, Ormat Use Producing Well’s Hot Water to Generate Power

The U.S. Department of Energy’s (DOE) Office of Fossil Energy’s Rocky Mountain Oilfield Testing Center (RMOTC) and Ormat Technologies Inc. have produced the first successful generation of electricity using geothermal hot water from a producing oil well in Wyoming, they said last week. The power can be used in oil/gas production, reducing costs and freeing capacity on the power grid.

October 27, 2008

DOE, Ormat Use Producing Well’s Hot Water to Generate Power

The U.S. Department of Energy’s (DOE) Office of Fossil Energy’s Rocky Mountain Oilfield Testing Center (RMOTC) and Ormat Technologies Inc. have produced the first successful generation of electricity using geothermal hot water from a producing oil well in Wyoming, they said this week. The power can be used in oil/gas production, reducing costs and freeing capacity on the power grid.

October 23, 2008

DOJ Clears Way for Development of Nanosenors to Find Oil, Gas

The Department of Justice (DOJ) Friday said it will not oppose on antitrust grounds a proposal by a group of oil and natural gas producers, oilfield service companies and the University of Texas to engage in joint research and development involving the application of nanotechnology to the exploration and production of oil and gas.

August 27, 2007