Services

FERC’s Office of Energy Projects (OE) has placed in service and certificated significantly more natural gas projects during the first four months of 2015 than it did during the same period last year, the agency said.

The U.S. oilfield services (OFS) sector is going to recover at some point over the next few quarters, and even though its footprint may be smaller, fewer, high-tech rigs should be able to recover more reserves than at any time in the past.

The U.S. oilfield services (OFS) sector is going to recover at some point over the next few quarters, and even though its footprint may be smaller, fewer, high-tech rigs should be able to recover more reserves than at any time in the past.

Basic Energy Services Inc. reduced its U.S. onshore stimulation services prices by 25-30% in February, 10% higher than concessions it already had made early this year, CEO Roe Patterson said Friday. The workforce is down by 14% since November and 1Q2015 revenue is forecast to be about 10% lower than previous guidance.

Frank’s International NV, whose operations are based in Houston, has agreed to buy cross-town competitor Timco Services Inc., a move that would expand its oilfield services in the United States, especially in the Eagle Ford Shale and Permian Basin.

FERC has given Transcontinental Gas Pipe Line Co. LLC (Transco) permission to begin partial path service on its proposed Leidy Southeast expansion [CP13-551].

Planned expansion of northbound routes for U.S. natural gas exports into Ontario and Quebec can proceed on schedule under a decision that the National Energy Board (NEB) handed down Friday (Nov. 28).

A Pittsburgh-based holding company plans to convert a shuttered cold rolling steel mill in Yorkville, OH, into an industrial services terminal to support oil and gas companies in Ohio, West Virginia and Pennsylvania.

C&J Energy Services Inc. late Wednesday agreed to merge with Nabors Industries Ltd.’s completions arm in a $2.86 billion deal that would create one of the largest hydraulic fracturing (fracking) businesses in North America.