Drilling demand from North America’s shale boom, as well as the beginnings of a recovery in the Gulf of Mexico, revved the four biggest domestic oilfield service companies in 2010 and 2011, but this year has been a different story, according to a review by IHS Inc.
Recovery
Articles from Recovery
EOR Could Grow with Renewed Carbon Capture Push
Oil prices above $75/bbl and increased need for carbon capture programs are quietly converging as a possible long-term boost for the increased use of enhanced oil recovery (EOR), according to industry sources working to drive commercial-scale projects with the help of the U.S. Department of Energy (DOE) and selected state initiatives.
July 24, 2012
Report: Shale Gas ‘Magic Bullet’ For U.S. Petrochemicals
Shale gas is the “magic bullet” the U.S. petrochemical industry needs to make a full recovery from a decade of economic stagnation, according to Houston-based Chemical Market Resources Inc. (CMR), which advises the chemical, petrochemical and plastics industries.
July 23, 2012
Shale Gas Called ‘Magic Bullet’ For U.S. Petrochemical Industry
Shale gas is the “magic bullet” the U.S. petrochemical industry needs to make a full recovery from a decade of economic stagnation, according to researchers from Chemical Market Resources Inc. (CMR), a Houston firm that advises the chemical, petrochemical and plastics industries.
July 19, 2012
Capacity Increases Planned for Wet-Gas Marcellus
A Pennsylvania joint venture is set to start work on two midstream assets that could ease a bottleneck in one of the fastest growing counties in the Marcellus Shale.
December 30, 2011
Bakken Drilling Not Slowing, S&P Analyst Says
Countering recent reports that drilling activity in the Bakken Shale play in North Dakota was being cut back, an analyst with Standard & Poor’s Ratings Services (S&P) told NGI’s Shale Daily Monday that drilling and production was still “full steam ahead,” although margins may compress some next year.
November 22, 2011
Shale a ‘Grand Slam’ for Demand Growth, Say Experts
Barring an intervention by policymakers to restrict hydraulic fracturing, and as long as there is a worldwide economic recovery, steady growth will continue within the natural gas industry through 2030 because of growing worldwide demand, energy experts said last week.
November 9, 2011
Encana Touts Haynesville’s Potential for LNG Exports, Growing Gas Demand in South
In all the hoopla surrounding the Marcellus Shale’s natural gas resources and its access to East Coast markets, it may be easy to forget that the Haynesville Shale was once the toast of the gas world. To Encana Corp., it still is.
November 8, 2011
National Oilwell Varco Says Equipment Backlog Jumps
National Oilwell Varco Inc.’s (NOV) backlog for capital equipment orders jumped by one-third from the end of March to the end of June, the oilfield services operator said Tuesday.
October 26, 2011
Low Gas Prices Spur Puget Utility to Launch RFP
Even in what continues to be a weak economic recovery, Bellevue, WA-based Puget Sound Energy (PSE) said Monday it is moving ahead with an all-source request for proposals (RFP) for new long-term power supplies to come online over the 2012 to 2015 period. Natural gas-fired generation is very much in the mix of bids PSE is seeking, the utility told state regulators in seeking approval for the RFP.
August 2, 2011
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