TechnipFMC (NYSE: FTI), in consortium with MMHE (Malaysia Marine and Heavy Engineering Sdn Bhd), on Jan. 7 signed a long-term offshore agreement with Saudi Aramco.
Canyon Capital Advisors has warned it would vote against the sale of Rowan to rival Ensco, casting doubt on a combination that had signaled optimism about the future of offshore exploration.
At 100 years old, “Big Red” oilfield-services company Halliburton has weathered the industry’s ups and downs, ultimately conquering the world in its reach. At the top of its game, it’s positioning for another 100.
In this video interview from Halliburton's Houston headquarters, CEO Jeff Miller discusses the growth and success of the oilfield services giant over the last century.
Oil and gas investment in Norway is expected to grow for a second year in a row in 2019 but will fall back between 2020 and 2023, an industry lobby group said on Jan. 7.
Despite U.S. oil drillers cutting eight rigs in the week to Jan. 4, according to Baker Hughes, the rig count in the United States is still much higher than a year ago.
Analysts say the oilfield services sector could see a 10% to 15% increase in overall earnings in 2019 as E&Ps increase spending.
Halliburton CEO and President Jeff Miller has assumed the role as board chairman from Dave Lesar, who retired as CEO in 2017 but had remained executive chairman.
Equinor (NYSE: EQNR) has awarded Aibel the engineering, procurement and construction contract for the final bridge on the Johan Sverdrup field, the company said on Jan. 3.