Richard
Stubbe
Hart Energy
Analysts’ Oilfield Services Forecast: Muddling Through 2025
Industry analysts see flat spending and production affecting key OFS players in the year ahead.
E&P Highlights: Jan. 21, 2025
Here’s a roundup of the latest E&P headlines, with Flowserve getting a contract from ADNOC and a couple of offshore oil and gas discoveries.
SLB’s Big Boost from Digital Offsets Flat Trends in Oil, E&P
SLB’s digital revenue grew 20% in 2024 as customers continue to adopt the company's digital products, artificial intelligence and cloud computing.
Dividends Declared Week of Jan. 13
With 2024 year-end earnings season underway, here is a compilation of dividends declared from select upstream, midstream and downstream companies.
Velocity Management Invests in Pipeline Builder M Wright Services
Velocity Management Advisors has made a minority investment in M Wright Services and three of Velocity’s partners will join the construction firm’s board.
Pearl Again Backs Williston E&P Eagle Mountain Energy Partners
Private equity firm Pearl Energy Partners will back Eagle Mountain Energy Partners II, which last year exited its Williston Basin assets in a nearly $300 million deal with TXO Partners.
BP Cuts Over 5% of Workforce to Reduce Costs
BP will cut over 5% of its global workforce as part of efforts to reduce costs and rebuild investor confidence.
Artificial Lift Firm Flowco Prices IPO Above Guidance at $427MM
Flowco Holdings priced its IPO at $24 per share, above its original guidance. The oilfield services firm will begin trading on the New York Stock Exchange on Jan. 16.
Origis Secures $1B in New Investments from Brookfield, Antin
Brookfield Asset Management is joining Origis Energy’s investor group alongside existing investor and majority owner Antin Infrastructure Partners.
Aker Solutions, Siemens to Begin Offshore UK Wind Farm Work
Aker Solutions and Siemens Energy will work on wind farms in the U.K. North Sea that are part of RWE’s 4.2-gigawatt Norfolk Offshore Wind Zone.