Weir Group First Half Hit By Tough North America Market
Shares of the FTSE 250 company fell 3.2% as of 3:00 a.m. CT after the company also reported a 7% drop in like-for-like orders.
Rival Pressure Pumpers Keane, C&J Energy To Combine In All-Stock Merger
The merger of Keane Group with C&J Energy Services is expected to create the third largest pressure pumper in the U.S., behind only Halliburton and Schlumberger.
Frac Sand Provider Hi-Crush Names Michael Oehlert As COO
With the appointment of Alan Oehlert as COO, Robert Rasmus will cease serving as the principal operating officer of Hi-Crush, but will continue in his role as chairman and CEO
OTC EXTRA: 5,000-HP Super-Power Plunger Pump—Prior Choice For Zipper Frac Jobs
The further development of unconventional shale oil and gas production has growing demands for operation pressure and rate. The increasing depth of wells creates higher pressure and rate requirements
Oilfield Services: Rightsizing For Possible Outcomes
Investor pressure is increasing for oilfield service companies to provide returns over growth. Opportunities may improve as the second half of 2019 unfolds.
Weir Inks MOU With Azerbaijan State Oil and Industry University
Weir Oil & Gas announced the signing of a memorandum of understanding with Azerbaijan State Oil and Industry University (ASOIU), a non-profit public higher education institution founded in 1920 on April 9.
KLX Energy Services Expands With $82 Million Worth Of Acquisitions
The acquisitions included the purchase of Red Bone Services and Tecton Energy Services, two oilfield service companies KLX Energy Services CEO says provide significant cross-selling opportunities.
Industry Group: Fracking Could Eliminate Britain’s Gas Imports By 2030s
Domestic wells could produce as much as 1.4 Tcf a year, group says.
U.S. Well Services, Shell Finalize Long-Term Electric Frac Contract
U.S. Well Services Inc. has executed a long-term electric frac fleet contract of up to four years with all options exercised with SWEPI LP, a subsidiary of Shell, on March 11.
Ecopetrol To Spend $500 Million On Fracking Over Three Years
Colombia’s state-run oil company Ecopetrol SA is looking to spend $500 million in exploring unconventional deposits over the next three years, its CEO said on March 5, starting with pilot programs in the Magdalena Medio region.