Service & Supply

UPDATE DUG Permian: Moving Sand And Making A Splash

The conference’s inaugural technology program focuses on the logistics of frac sand transportation and how the industry has entered the ‘water midstream era.’

May 23 2018 - 2:30pm

Oilfield Service Companies Eye Growing Labor Shortage

An oilfield service worker shortage is helping drive up service costs for oil producers, especially in the hottest shale fields.

May 18 2018 - 8:30am

Wood Group Sees Good Trading Momentum, Amec Integration Ahead Of Schedule

Wood Group, which maintained its full-year outlook, said it expected to deliver cost savings of above $50 million in 2018, and that it was confident of recognizing at least $170 million in synergies by the end of the third year after integration.

May 11 2018 - 9:20am

SoCalGas Natgas Supply Could Fall Short, Utility Warns

Southern California Gas cautioned on May 8 that pipeline outages and restrictions on the Aliso Canyon gas storage facility could reduce its ability to deliver natural gas this year to a level even lower than California state regulators and others have predicted.

May 9 2018 - 9:12am

OTC 2018: CEOs Talk Relevance, Strategy, Alliances

Partnerships, mergers and acquisitions play prominent roles.

May 3 2018 - 9:10am

W&T Offshore, Baker Hughes Team Up For GoM Drilling Project

The project utilizes a commercial model that consolidates BHGE engineering, products and services expertise in order to reduce total project costs and time to first production.

Apr 30 2018 - 12:57pm

McDermott Reiterates Rejection Of Subsea 7’s Non-Binding, Unsolicited Proposal

McDermott International Inc. said it is fully committed to completing the transformational combination with CB&I and on April 25 reiterated that it had rejected Subsea 7’s unsolicited offer.

Apr 25 2018 - 1:26pm

Subsea 7 Says Could Change Offer If McDermott Cooperates

Norwegian offshore oil services firm Subsea 7 is open to potentially sweetening its $2 billion offer for McDermott (NYSE: MDR) if the U.S. company would work with it to identify additional benefits of a deal, Subsea said on April 25.

Apr 25 2018 - 9:13am

McDermott Loan Slides As Investors Digest Subsea 7’s Hostile Bid

U.S. engineering firm McDermott’s US$2.26 billion term loan fell in the secondary loan market on April 24 after a US$2 billion unsolicited bid from offshore oil services firm Subsea 7 threatened to break up McDermott’s agreed bid for onshore engineering firm Chicago Bridge & Iron (CB&I).

Apr 24 2018 - 1:23pm

Halliburton Writes Off Investment In Crisis-Hit Venezuela

Crude production in the country has dropped to less than half its level in 1998.

Apr 24 2018 - 10:17am