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.
April 16, 2019
Pressure Pumping
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.
April 10, 2019
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.
March 22, 2019
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.
March 12, 2019
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.
March 11, 2019
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.
March 6, 2019
Frac Sand Supplier U.S. Silica Posts Smaller-Than-Expected Loss
U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.
February 19, 2019
Colombia Must Strictly Monitor ‘Fracking’ Pilot Projects
Colombia must implement strict monitoring of three pilot projects that will mark its first foray into “fracking”, an expert commission said on Feb. 14, before deciding whether the controversial technique for extracting oil and gas can be widely used.
February 15, 2019
Tests At Cuadrilla’s British Fracking Site Show Substantial Gas Flows
Tests of the first shale well at Cuadrilla’s site in northwest England show a rich reservoir of high quality and recoverable gas, the British firm said on Feb. 6, adding that rules that have constrained its testing work should be eased.
February 6, 2019
Digital Tools Enable Improvements In Pump Maintenance
New technologies can help alleviate the challenges a changing workforce faces.
November 27, 2018