TechnipFMC (NYSE: FTI) has been awarded a significant integrated engineering, procurement, construction and installation (EPCI) contract by BP (NYSE: BP) for the Atlantis Phase 3 project, the company said Jan. 9.
Danos said Jan. 7 it has secured a contract with Equinor (NYSE: EQNR) for production operation support on its Titan SPAR platform, located in the deepwater Gulf of Mexico.
Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.
TechnipFMC (NYSE: FTI), in consortium with MMHE (Malaysia Marine and Heavy Engineering Sdn Bhd), on Jan. 7 signed a long-term offshore agreement with Saudi Aramco.
Canyon Capital Advisors has warned it would vote against the sale of Rowan to rival Ensco, casting doubt on a combination that had signaled optimism about the future of offshore exploration.
At 100 years old, “Big Red” oilfield-services company Halliburton has weathered the industry’s ups and downs, ultimately conquering the world in its reach. At the top of its game, it’s positioning for another 100.
In this video interview from Halliburton's Houston headquarters, CEO Jeff Miller discusses the growth and success of the oilfield services giant over the last century.
Oil and gas investment in Norway is expected to grow for a second year in a row in 2019 but will fall back between 2020 and 2023, an industry lobby group said on Jan. 7.
Despite U.S. oil drillers cutting eight rigs in the week to Jan. 4, according to Baker Hughes, the rig count in the United States is still much higher than a year ago.
Analysts say the oilfield services sector could see a 10% to 15% increase in overall earnings in 2019 as E&Ps increase spending.