Acquisitions & Divestitures - Service & Supply

Executive Q&A: The Digital Oil Ambassador

Google Cloud’s Darryl Willis is leveraging his oil and gas experience as a geophysicist with BP to bridge the digital divide between industry and the inevitable transition to artificial intelligence.

11:30 am

Hess To Sell Bakken Water Business In $225 Million Proposed Deal

Hess is looking to sell its Bakken water services business in a proposed $225 million-cash transaction with a midstream energy joint venture between Hess and Global Infrastructure Partners.

December 12, 2018

Conservation Groups Sue Trump Administration Over Seismic Testing In Atlantic Ocean

Environmental groups opposed to offshore drilling sued the federal government to prevent future seismic tests for oil and gas deposits in Atlantic waters off the U.S. East Coast.

December 11, 2018

Forty Under 40: Kyle Ramachandran, Solaris Oilfield Infrastructure

Today’s Forty Under 40 honoree is Kyle Ramachandran, Solaris Oilfield Infrastructure’s president and CFO who helped form the Houston-based company when he was 29 years old.

December 11, 2018

Forty Under 40: Manuj Nikhanj, RS Energy Group

Manuj Nikhanj, who helps steer RS Energy Group as president and co-CEO of the Calgary, Alberta-based intelligence firm, is today’s Forty Under 40 honoree.

December 10, 2018

Akastor’s Wellsite Geology Service Company First Geo To Combine With AGR

Akastor will create a leading provider of well-, reservoir- and software services through the combination of AGR and the Norway-based oil services investment company’s subsidiary First Geo.

December 7, 2018

Transocean Closes $2.7 Billion Acquisition Of Ocean Rig

Transocean’s CEO said the Ocean Rig acquisition will enhance the Swiss-based drilling rig contractor’s fleet of ultradeepwater and harsh environment floaters without compromising its liquidity.

December 6, 2018

Nine Energy Service Promotes David Crombie To Serve As COO

David Crombie, who previously served as president of completion solutions and executive vice president, brings over two decades of experience to his latest role as COO at Nine Energy Service.

December 5, 2018

Schlumberger Warns Weak Fracking Demand To Hurt North America Revenue

The drop in fracking activity this year had been "significantly larger" than expected, Patrick Schorn, executive vice president of wells at Schlumberger, said at a conference in New York.

December 4, 2018

Some Canadian Producers Push Back As Alberta Orders Oil Cuts

Several oil companies in Canada pushed back on Dec. 3 against Alberta's mandated cuts in crude production, warning about excessive government intervention even as the discount on Canadian crudes narrowed sharply on the curtailment plan.

December 4, 2018

China Imports First US Crude In Two Months, Traders Still Wary

China imported its first U.S. crude oil cargo in around two months last week, according to industry sources and Refinitiv Eikon data - a deal made by an independent "teapot" refiner as larger players held off amid trade tensions.

December 3, 2018

Vision 2019: Oil And Gas Headwinds, Tailwinds

Pundits weigh in on whether the stars will align for a successful 2019 and how the oil and gas industry can navigate the headwinds and tailwinds ahead.

December 3, 2018