World Wide

How Focus On Demand Put Enterprise In Demand

CEO Jim Teague emphasized export markets during a talk to upstream executives.

Apr 25 2017 - 11:50am

Baker Hughes Revenue Falls On Lower Offshore Spending

Quarterly revenue fell to $2.26 billion in the first quarter ended March 31 from $2.67 billion. Analysts’ on average had expected revenue of $2.27 billion, according to Thomson Reuters I/B/E/S.

Apr 25 2017 - 9:00am

Early Data: Sabine LNG Exports Are Swing Cargoes In Global Markets

Analysis from Haynes and Boone, Poten & Partners indicates positive signs for North American industry.

Apr 24 2017 - 5:36am

OPEC Panel Recommends Output Cut Extension, Sources Say

An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said.

Apr 21 2017 - 1:40pm

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

Apr 21 2017 - 1:20pm

Crude Oil, Gas Outlook: The New Bullish

For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.

Apr 21 2017 - 10:25am

Schlumberger Sees Pricing Improve But Costs Weigh On Margins

The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.

Apr 21 2017 - 8:14am

Oil On Track For Biggest Weekly Drop In A Month

Oil held near $53 a barrel on April 21 but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market.

Apr 21 2017 - 7:55am

Total CEO: Oil Prices Could Fall Again On US Shale Influx

Oil prices could fall again by the end of the year due to a rapid increase in U.S. shale production, said Patrick Pouyanne, CEO of French oil and gas giant Total.

Apr 20 2017 - 7:45am

Saudi Arabia, Kuwait Signal Likely Extension Of Oil Output Cuts

Consensus is growing among oil producers that their supply restraint agreement should be extended after its initial six-month term, but there is as yet no agreement, Saudi Energy Minister Khalid al-Falih said.

Apr 20 2017 - 7:40am