Acquisitions & Divestitures - Service & Supply

Scott Pruitt: EPA Can Also Be Pro-Jobs

"I believe that we as an agency, and we as a nation, can be both pro-energy and jobs, and pro-environment," Pruitt said in his first address to EPA staff.


Forum Energy Technologies Names CEO

Prady Iyyanki has been appointed CEO and president of Houston-based Forum Energy Technologies (NYSE: FET) as part of a long-planned transition, according to a news release. Iyyanki, who currently serves as president and COO of the global oilfield products company, will succeed C. Christopher Gaut, effective May 16.


US Senate Confirms Scott Pruitt As EPA Head

Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.


Frank's International CFO Jeffrey Bird To Leave Company

The Houston-based company commented that Bird's departure was not related to any disagreement with Frank's or any matters relating to its operations, policies or practices.


Oilfield Service Companies Performance, Slingshot Combine

Pelican is the financial partner which supported the recapitalization and combination of the companies. The terms of the transaction weren't disclosed.


Oceaneering Says Rod Larson To Succeed Kevin McEvoy As CEO

The planned succession will be effective after Oceaneering's annual shareholder meeting on May 5, the company said.


US Oil Rig Count Rises To 591

Since crude prices first topped $50 a barrel in May after recovering from 13-year lows last February, drillers have added a total of 275 oil rigs in 33 of the past 37 weeks, the biggest recovery in rigs since a global oil glut crushed the market over two years starting in mid-2014.


Premier Buys ConocoPhillips Subsurface Lab Assets

Premier said the acquired assets will supplement its existing operations in Houston, Aberdeen and Cairo and offer solutions to optimize production from both conventional and unconventional reservoirs.


Offshore Drillers See Gains, But Recovery Afar

The sector has benefited from OPEC’s production cut, analysts say, but declining demand remains.


Three Norwegian Shippers Will Merge Into One Offshore Oil Supply Vessel Firm

Reuters said this comes soon after Frontline, John Fredriksen's listed oil tankers operator, launched a US $475 million offer for Double Hull Tankers, while Fredriksen is also trying to resolve a US$14 billion debt crisis at  Seadrill, where he is chairman and the biggest shareholder.


Baker Hughes Expects North America Shale To Lead Industry Recovery

Net loss attributable to Baker Hughes was $417 million, or 98 cents per share, in the quarter ended Dec. 31, compared with a loss of $1.03 billion, or $2.35 per share, a year earlier.


Halliburton Says NAM Revenue Growth May Outpace Rig Count

Rising oil prices are prompting producers to put more rigs back to work in North America. To meet that demand, Halliburton will start reviving fracking equipment it had idled when oil prices were slumping.