Acquisitions & Divestitures - Service & Supply

Shares Of Weatherford Jump As Wall Street Shrugs Off Earnings

Oilfield services provider Weatherford, which has not reported a quarterly profit in four years, has struggled under the weight of a massive debt load since oil prices crashed in 2014.

February 1, 2019

Weir Group Reportedly Close To Selling Unit For About $390 Million

Weir Group is close to selling a unit, which supplies pumps and valves to power and oil and gas industries, a source with knowledge of the matter told Reuters.

January 31, 2019

Energy Capital Markets Endure Worst Quarter This Decade

Last year ended with the worst quarter for upstream equity issuances since 2010 as only two equity deals raised $67.5 million.

January 30, 2019

BHGE Aims To Lower CO2 Equivalent Emissions To Net Zero By 2050

Baker Hughes, a GE company (NYSE: BHGE), has committed to reducing its CO2 equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050, the company said Jan. 28 in a news release.

January 28, 2019

Energy Bankruptcies Slow, But Debt Remains High

While energy bankruptcy filings slowed in 2018, the total amount of debt in oil and gas remains staggering, a recent Haynes and Boone report says.

January 25, 2019

‘Under Siege’: Oil Industry Mulls Raising Returns, PR Game

At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.

January 25, 2019

University Lands Selects H20 Midstream, Layne JV For Delaware Basin Water Services

The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.

January 24, 2019

Halliburton Profit Beats On International Demand, North America Lags

Houston-based Halliburton said revenue from North America fell about 2% to $3.3 billion from a year earlier and dropped 11% from the third quarter.

January 22, 2019

Energy Executives Expect To Boost Spending This Year

A survey by DNV GL also indicated that more energy companies were preparing for a long-term shift to cleaner energy sources.

January 22, 2019

Schlumberger Sees International Growth Ahead

The head of the world’s largest oilfield service company believes market conditions will improve this year after a rough start.

January 18, 2019

Schlumberger Revenue Beats, Sees International Growth In 2019

Schlumberger, a bellwether for the oilfield services sector, said recent volatility in crude prices has led to more uncertainty in the spending outlook for oil and gas producers.

January 18, 2019

Permian Basin Operators Look to Standardize Techniques, Measures

A Permian standard is emerging after experimentation during a decade of drilling the basin’s multiple unconventional shales has found diminishing returns, says CEO of reserve evaluation firm Haas Engineering.

January 15, 2019