World

Weir Buys Another U.S. Unconventional Oilfield Company

Scotland-based oilfield services provider The Weir Group plc continues to expand its U.S. onshore holdings, the latest deal being the acquisition of Oklahoma’s Mathena Inc.

December 21, 2012

Gulfport Acquires Acreage, Tries to Figure Out Utica Puzzle

Despite fierce competition, Gulfport Energy Corp. CEO Jim Palm said his company has managed to acquire additional acreage in the Utica Shale as it looks to determine type curves, well spacing and how long it should wait before bringing new wells into production.

November 16, 2012

Baker Hughes Hit by Slumping Natural Gas Market

The No. 1 oilfield services provider in the world, Schlumberger Ltd., on Friday said growth in the deepwater, as well as activity outside of North America, provided a big lift in 3Q2012. However, competitor Baker Hughes Inc., the industry’s third-largest provider, said the slump in U.S. natural gas activity weighed heavily on its quarterly profits.

October 22, 2012

Baker Hughes Hit by Slumping Natural Gas Market

The No. 1 oilfield services provider in the world, Schlumberger Ltd., on Friday said growth in the deepwater, as well as activity outside of North America, provided a big lift in 3Q2012. However, competitor Baker Hughes Inc., the industry’s third-largest provider, said the slump in U.S. natural gas activity weighed heavily on its quarterly profits.

October 22, 2012

Offshore Contractors High on Deepwater

Houston’s Diamond Offshore Drilling Inc., one of the top offshore rig contractors in the world, last week reported better-than-expected quarterly earnings from lower operating costs. Competitor Noble Corp. issued a mixed report, but CEO David Williams said the fundamentals for the offshore industry remain strong.

October 22, 2012

Offshore Contractors High on Deepwater

Houston’s Diamond Offshore Drilling Inc., one of the top offshore rig contractors in the world, on Thursday reported better-than-expected quarterly earnings from lower operating costs. Competitor Noble Corp. reported a mixed profit report, but CEO David Williams said the fundamentals for the offshore industry remain strong.

October 19, 2012

Shell Offers Localities Millions for Lost Tax Revenue at Cracker Site

A subsidiary of Royal Dutch Shell plc has offered to pay localities millions for lost tax revenue affected by its proposed “world-scale” ethane cracker.

October 3, 2012

Industry Watchers Pick Top U.S. LNG Export Proposals

Market conditions and technology are on target for U.S. natural gas to compete in world markets, and industry watchers are placing their bets on which natural gas export proposals will actually be built and whether the first liquefied natural gas (LNG) exports will leave U.S. shores by 2015 or 2016.

September 17, 2012

Industry Watchers Pick Leading LNG Export Proposals

Market conditions and technology are on target for U.S. natural gas to compete in world markets, and industry watchers are placing their bets on which natural gas export proposals will actually be built and whether the first liquefied natural gas (LNG) exports will leave U.S. shores by 2015 or 2016.

September 12, 2012

North America Upstream Spending Still World Beater

Upstream exploration and production (E&P) spending in North America is leading the world for the seventh consecutive year, according to a report by GlobalData.

August 27, 2012