Oilfield Automation: How E&Ps Stay Profitable At Stagnant Oil Prices
Whether ‘lower for longer,’ ‘lower forever’ or the ‘new normal,’ oil prices in the $50 range require E&Ps to rethink how to do business.
For US E&Ps, Is Recovery A Slow And Steady Circle?
Some E&Ps are ramping up production, spending more, ignoring balance sheet repair and continuing to get rock bottom prices from oilfield service companies. Can the recovery handle it?
Less Exploration Spend, Falling Reserves Could Mean Supply Shortfall
The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.
Denver's Jonah Energy Names Patrick Welch As CFO
Welch most recently served as executive vice president and CFO of JP Energy Partners from November 2013 through its recent merger with American Midstream Partners.
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.