Trump To Sign New Executive Orders On Environment, Energy
Trump this week will sign new executive orders, including two on energy and the environment, which would make it easier for the U.S. to develop energy on and offshore, a White House official said April 23.
Halliburton Reports Smaller Quarterly Loss
Net loss attributable to Halliburton narrowed to $32 million, or 4 cents per share, in the first quarter ended March 31, from $2.41 billion, or $2.81 per share, a year earlier.
North America, Technology Lift Schlumberger To Profit
North America revenue grew by 6% to $1.9 billion, while international revenue dropped by 7% to about $4.9 billion compared with the previous quarter.
Crude Oil, Gas Outlook: The New Bullish
For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.
Schlumberger Sees Pricing Improve But Costs Weigh On Margins
The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.
Houston-Based Oilfield Service Company Launches IPO
NCS Multistage's IPO is priced between $15 and $18 per share and includes a 1.425-million-share greenshoe. Proceeds will be used to repay debt and for general corporate purposes.
EPA To Reconsider Rule On Fugitive Emissions From Oil, Gas Wells
The move signaled another retreat from climate change action after the Trump administration in March halted an effort to gather methane data from existing oil and gas operations to rein in leaks.
Ultra Petroleum Exits Bankruptcy With $3 Billion New Financings
Ultra Petroleum said April 12 it successfully emerged from Chapter 11 bankruptcy following a $2.98 billion exit financing which paid the Houston-based company's creditors in full.
Westwood Expands Into US Shale Market With Acquisition Of Energent
The acquisition includes proprietary and detailed well-lifecycle data comprised of drilling pad trends, well completions metrics, frack sand and downhole chemicals with analysis and interpretation.
EIA: US Crude Inventories Rise Unexpectedly; Product Stocks Dip
Crude inventories rose 1.6 MMbbl in the week ending March 31. Stocks, which have been steadily building to record highs this year, once again were at a peak, reaching 535.5 MMbbl.