Service & Supply
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.
A survey by DNV GL also indicated that more energy companies were preparing for a long-term shift to cleaner energy sources.
The head of the world’s largest oilfield service company believes market conditions will improve this year after a rough start.
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.
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.
Mark Richard has been promoted as Halliburton’s new president of the Western Hemisphere, replacing Jim Brown who is leaving after more than 20 years with the oilfield services company.
The number of U.S. LNG vessels that went to China in 2018 fell by around 20% from the prior year as the trade war between Beijing and Washington heated up.
Post Oak Energy Capital led a $50 million equity commitment to Prime Downhole Holdings, a Houston-based downhole tools provider formed by CEO Leif Syversenn.
Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.
Canyon Capital Advisors has warned it would vote against the sale of Rowan to rival Ensco, casting doubt on a combination that had signaled optimism about the future of offshore exploration.