Oilfield Services, Producers Release Earnings; US Shale Gets High Marks
Oilfield services giants Schlumberger and Halliburton got the ball rolling with second-quarter earnings reports this week as higher oil prices boosted earnings for producers.
TechnipFMC Bags Subsea Contract In Australia
The contract covers the project management and engineering, transportation, installation and pre-commissioning of umbilicals and flying leads as well as manifolds.
Halliburton Enters Reactive Chemistry Space with Athlon Acquisition
Halliburton has aimed to grow artificial lift in production chemicals and the acquisition of Athlon is an execution of that plan, President and CEO Jeff Miller says.
Hi-Crush Scoops Up Silo-Based Frack Sand Storage Provider FB Industries
Hi-Crush agreed to pay about $60 million in cash and stock to acquire FB Industries, a manufacturer and marketer of silo-based frack sand management systems.
Shell Secures Exploration Acreage Offshore Mauritania
Shell Exploration and Production Mauritania B.V. on July 23 signed two production sharing contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in the offshore blocks C-10 and C-19.
Halliburton Revenue Beats On Strong North American Activity
Shares of Halliburton were off about 1.3% in premarket trading as profit matched Street estimates and on a lack of commentary on logistical bottlenecks in the Permian Basin.
Schlumberger Foresees Double-digit International Growth, Offshore Pickup
The oilfield service company reported a $430 million net profit for second-quarter 2018, significantly up from a $74 million loss a year ago.
Baker Hughes Reports Slight Profit Miss, Delivers Upbeat Outlook
The company reported adjusted net income of $41 million, or 10 cents per share, in the second quarter ended June 30.
China’s CNPC Wins $1.6 Billion Seismic Survey Deals From ADNOC
The contract was awarded to CNPC subsidiary BGP Inc.
TSE, Petrofac JV Secures Service Contract In Turkey
The existing facility, located approximately 60 km (37 miles) west of Istanbul, has been in operation since 2007 and BOTAŞ intends to expand its working gas capacity to 4.6 billion cubic meters.