Service Contracts

Technology , Service Contracts

BHGE Aims To Lower CO2 Equivalent Emissions To Net Zero By 2050

Baker Hughes, a GE company (NYSE: BHGE), has committed to reducing its CO2 equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050, the company said Jan. 28 in a news release.

January 28, 2019

Public Capital , Private Equity , Service Contracts , Exploration & Production , Midstream

Energy Bankruptcies Slow, But Debt Remains High

While energy bankruptcy filings slowed in 2018, the total amount of debt in oil and gas remains staggering, a recent Haynes and Boone report says.

January 25, 2019

Completions , Service Contracts , Unconventional

Tough Times For Sand Miners

Disruption comes to the proppant market as low commodity prices cap demand and mining capacity expands rapidly.

January 25, 2019

Field Development , Service Contracts , Technology

BP Awards Offshore Trinidad Contract To McDermott

McDermott International Inc. (NYSE: MDR) on Jan. 24 said it has been awarded a significant contract award by BP Trinidad & Tobago LLC (bpTT) for the engineering, procurement and construction (EPC) of the Cassia Compression Platform, located 35 miles (57 km) southeast off the coast of Trinidad.

January 25, 2019

Policy & Regulations , Public Capital , Technology , Midstream , Service Contracts , Unconventional

‘Under Siege’: Oil Industry Mulls Raising Returns, PR Game

At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.

January 25, 2019

Midstream , Water Management , Joint Ventures , Field Development , Service Contracts , Unconventional , Acquisitions & Divestitures

University Lands Selects H20 Midstream, Layne JV For Delaware Basin Water Services

The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.

January 24, 2019

Earnings , Service Contracts , Technology

Halliburton Profit Beats On International Demand, North America Lags

Houston-based Halliburton said revenue from North America fell about 2% to $3.3 billion from a year earlier and dropped 11% from the third quarter.

January 22, 2019

Midstream , Energy Transition , Technology , Service Contracts , Unconventional

Energy Executives Expect To Boost Spending This Year

A survey by DNV GL also indicated that more energy companies were preparing for a long-term shift to cleaner energy sources.

January 22, 2019

Service Contracts , Earnings , Unconventional , Technology

Schlumberger Sees International Growth Ahead

The head of the world’s largest oilfield service company believes market conditions will improve this year after a rough start.

January 18, 2019

Earnings , Service Contracts , Technology

Schlumberger Revenue Beats, Sees International Growth In 2019

Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers.

January 18, 2019