Acquisitions & Divestitures - Service & Supply

US Approves Cheniere Bid To Feed First Gas To Texas LNG Plant

The U.S. energy regulator has approved a request by Cheniere Energy to feed the first gas into its new LNG facility in Corpus Christi, Texas, marking the beginning of a commissioning phase for the export terminal.

August 17, 2018

Swiss Utility In LNG Supply Talks With Canada's Goldboro Project

Axpo, a Swiss utility and energy trader, said on Aug. 16 it was in talks with a Canadian company planning to build a LNG terminal on the country's East Coast for a 10-year supply deal.

August 16, 2018

Ensign Launches C$947 Million Takeover Bid For Trinidad Drilling

Analysts with Tudor, Picking, Holt & Co. said Ensign’s proposed acquisition of Trinidad would create one of the largest North American land drillers with critical mass in many key international markets.

August 13, 2018

Saudi Cuts Oil Output As OPEC Points To 2019 Surplus

OPEC on Aug. 13 forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.

August 13, 2018

Houston-Based Directional Drilling Firm SDI Reportedly Seeking Buyer

The sale process for Houston-based SDI began recently, said three sources who spoke on condition of anonymity as the information has not been made public.

August 9, 2018

Oil States Names New Board Chairman To Replace Mark Papa

Oil States named Robert Potter, retired FMC president, as its new chairman following the resignation of its former chairman and shale pioneer, Mark G. Papa.

August 8, 2018

Trading Firm Trafigura Looks To Build US Deep Water Oil Port

Global commodities trader Trafigura has applied to build a deep water port in Texas that will be able to load supertankers, the company said on Aug. 6, supplying badly needed oil export infrastructure to the country.

August 7, 2018

Schlumberger Adds Shale Pioneer Mark Papa To Board

Mark Papa's appointment comes just a few months after Helge Lund, former CEO of BG Group and Statoil, resigned from the Schlumberger board in April to become chairman of BP.

August 7, 2018

Permian Sand Demand

As operators in the Permian Basin push the envelope on lateral lengths and completion intensity, sand rises as both a star player and potential bottleneck.

August 1, 2018

Frack Sand Producer U.S. Silica’s Profit Misses On Higher Expenses

U.S. Silica Holdings Inc.’s (NYSE: SLCA) quarterly profit missed analysts’ estimates on July 31 as its operating expenses nearly doubled.

July 31, 2018

Weatherford Posts Smaller-than-expected Loss On Higher Drilling

Weatherford said total revenue from operations in the U.S., Latin America and Canada rose 13% to $769 million in the second quarter.

July 27, 2018

Halliburton Enters Reactive Chemistry Space with Athlon Acquisition

Halliburton has aimed to grow artificial lift in production chemicals and the acquisition of Athlon is an execution of that plan, President and CEO Jeff Miller says.

July 25, 2018