Tough Times For Sand Miners
Disruption comes to the proppant market as low commodity prices cap demand and mining capacity expands rapidly.
BP Awards Offshore Trinidad Contract To McDermott
McDermott International Inc. (NYSE: MDR) on Jan. 24 said it has been awarded a significant contract award by BP Trinidad & Tobago LLC (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 35 miles (57 km) southeast off the coast of Trinidad.
‘Under Siege’: Oil Industry Mulls Raising Returns, PR Game
At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.
University Lands Selects H20 Midstream, Layne JV For Delaware Basin Water Services
The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.
Halliburton Profit Beats On International Demand, North America Lags
Houston-based Halliburton said revenue from North America fell about 2% to $3.3 billion from a year earlier and dropped 11% from the third quarter.
Energy Executives Expect To Boost Spending This Year
A survey by DNV GL also indicated that more energy companies were preparing for a long-term shift to cleaner energy sources.
Schlumberger Sees International Growth Ahead
The head of the world’s largest oilfield service company believes market conditions will improve this year after a rough start.
Schlumberger Revenue Beats, Sees International Growth In 2019
Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers.
Esso Australia Awards EPCIC Contracts To Subsea Integration Alliance
Esso Australia Pty Ltd. awarded the alliance—which comprises OneSubsea, a Schlumberger company, and Subsea 7—integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts, Schlumberger said in a news release.
Potential Of AI-powered Directional Drilling
A system looks to optimize value in directional drilling by minimizing deviation from planned wellbore trajectory, minimizing tortuosity and more.