Nine Energy Service Inc.'s subsidiary, Nine Downhole Norway, has achieved ISO 9001:2015 certification, an internationally recognized standard that ensures products and services meet the needs of customers through an effective quality management system.
Liberty Oilfield Services is cutting its workforce by 7%, while NCS Multistage plans to plans to reduce its workforce by 20%, the oilfield service companies said April 2.
Oilfield segments with the greatest share of North American revenue will see the biggest hits, with hydraulic fracturing spending down 44% from last year and land contract drilling down 29%.
The approach leverages sound waves to give operators eyes inside their wellbores.
As production on unconventional wells declines, oil and gas operators are looking to revitalize assets through refracturing techniques rather than drill new wells.
Ambyint, the leader in AI-powered production and artificial lift optimization, revealed on Feb. 4 a $15 million Series B funding round led by Cottonwood Venture Partners with additional investment from Mercury Fund and Ambyint’s management team.