Oilfield Services News

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Oceaneering Sees 4Q Net Loss of $263MM
Wednesday, February 26, 2020 However, four of its five operating segments recorded sequential improvements in operating results.

Worley Wins Mozambique Contracts from Total
Tuesday, February 25, 2020 Worley marks the latest chapter in its 10-year involvement with the project.

Noble Corp. Shuffles Leadership, Reports 4Q Earnings
Friday, February 21, 2020 For the year, Noble saw a net loss of $701 million, of which $4 million is tied to discontinued operations.

Petrofac Bags Sharjah Project
Friday, February 21, 2020 Petrofac's EPS division has been awarded an EPCC contract by Sharjah National Oil Corporation.

Ex-SLB Worker Appointed TWMA CEO
Wednesday, February 19, 2020 Drilling waste management company TWMA revealed Wednesday that it has appointed Halle Aslaksen as its new chief executive officer.

Petrofac Bags $1.6B Contracts for Mega Project
Tuesday, February 18, 2020 Petrofac Emirates has been awarded two contracts by Abu Dhabi National Oil Company worth a total of around $1.65 billion.

HitecVision Establishes Moreld
Monday, February 17, 2020 HitecVision has announced the establishment of Moreld, a new industrial group based on 20 of the companies in its portfolio which concentrate on the oil and gas industry.

McDermott Awarded Permian Storage Contract
Thursday, February 13, 2020 The award will be reflected in McDermott's 4Q 2019 backlog.

Cimic Wins Contract Extension for Chevron-run Facilities
Thursday, February 13, 2020 This photo shows the Chevron-operated Gorgon Project. PHOTO SOURCE: Chevron Australia Pty Ltd

ConocoPhillips Extends Bristow Contracts
Wednesday, February 12, 2020 This photo shows a Bristow S-92 aircraft on the ramp at ConocoPhillips' Ekofisk platform in the North Sea. PHOTO SOURCE: Bristow Group, Inc.

Oceaneering Wins Offshore Angola Contract From BP
Wednesday, February 12, 2020 This contract follows a successful intervention campaign by Oceaneering in the same region in late 2018.

Diamond Offshore Wins Contract Extension for Semisub
Tuesday, February 11, 2020 Diamond Offshore reported that it has secured a one-year extension for its Ocean Patriot semisub.

Halliburton and Socar AQS to Form JV
Tuesday, February 11, 2020 Halliburton and Socar AQS have signed a memorandum of understanding to form a new joint venture.

Mermaid Sets Up UK Subsidiary
Monday, February 10, 2020 Thailand-headquartered Mermaid Maritime Public Company Limited has incorporated an indirect wholly owned subsidiary in the UK.

Top Rigzone Articles Roundup
Friday, February 07, 2020 Here's a roundup of Rigzone's top five most popular articles during the last week, just in case you missed them...

Brazil FPSO Contract Goes to Aibel
Thursday, February 06, 2020 Service company Aibel reported that it has won a FEED contract for an FPSO that MODEC will construct for Equinor.

BJ Services Advances TITAN Fracturing Pump Platform
Thursday, February 06, 2020 The company plans to deploy the first commercial TITAN fleet in the second half of 2020.

Wood to Sell Industrial Services Business
Thursday, February 06, 2020 Wood has announced the sale of its industrial services business to technical services provider Kaefer.

Shell Leases Platform for Deepwater GOM Work
Wednesday, February 05, 2020 Grupo R has signed a contract with Shell Mexico for the lease of the La Muralla IV platform.

Ocean Infinity Launches Pioneering New Company
Tuesday, February 04, 2020 Ocean Infinity has announced the launch of a new, 'pioneering' marine technology and data company called Armada.

Parker Drilling to Voluntarily Delist from the NYSE
Monday, February 03, 2020 According to public filings, the oilfield services company has received the green light from shareholders.

Range Awards Electric Frac Contract
Friday, January 31, 2020 Range Resources will deploy electric hydraulic fracturing in Appalachia.

Oceaneering and Aquaterra Partner in North Sea Decom
Thursday, January 30, 2020 From left, Oceaneering Senior Manager Leigh Martin and Aquaterra Managing Director James Larnder. PHOTO SOURCE: Aquaterra Energy

TechnipFMC Split Well on Track
Tuesday, January 21, 2020 TechnipFMC has announced that its planned transaction to separate into two companies is 'well on track' for completion in the first half of 2020.

Schlumberger Posts $10B Loss in 2019
Friday, January 17, 2020 Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses.

Saudi and UAE Service Firms Form Alliance
Tuesday, January 14, 2020 TAQA and AMPS seek to penetrate the Saudi hydraulic fracturing market.

PE Boss Says Shale Will Deliver Returns This Year
Friday, January 10, 2020 This is the year when shale drillers are finally going to deliver solid returns to investors that have grown weary of the industry's decade-long cash burn, the head of explorer Parsley Energy Inc. said.

US Drops Thousands of Mining Support Jobs in December
Friday, January 10, 2020 The U.S. saw declines in support activities for mining for most of 2019.

Offshore Contractors Primed For a Busy 2020
Wednesday, January 08, 2020 Some industry insiders have doubts about whether there is sufficient contractor capacity to deal with the expected volume of business.

Oxy Elects Former Schlumberger CEO to Board
Thursday, January 02, 2020 Occidental Petroleum Corporation announced the election of former Schlumberger Ltd. CEO Andrew Gould to its board of directors.

Petrofac Secures $130MM PDO Awards
Tuesday, December 31, 2019 Petrofac has secured a new contract, and an additional scope of work, with Petroleum Development Oman.

OFS Activity in US 11th Dist. Continues Decline in 4Q
Friday, December 27, 2019 Oil and gas activity dipped again in the fourth quarter, but saw slight improvements from the third quarter, according to results from the Dallas Fed's 4Q Energy Survey.

FPSO Prospects Look Promising for 2020
Thursday, December 26, 2019 The global market for Floating Production, Storage and Offloading vessels is headed for a major recovery.

Sembmarine Bags Two Deals Worth $400MM+
Thursday, December 26, 2019 Sembcorp Marine Offshore Platforms Pte. Ltd. clinches two offshore platform contracts worth over $405 million.

Oilfield Services Looking Beyond Oil and Gas
Monday, December 23, 2019 As the majors have diversified into power and renewable energy storage, oilfield service contractors have followed suit.

SLB Makes GHG Emission Reduction Commitment
Friday, December 20, 2019 Schlumberger has committed to setting a 'science-based' target to reduce its greenhouse gas emissions.

Subsea 7 Bags Sizeable GOM Contract
Friday, December 20, 2019 Subsea 7 has been awarded a 'sizeable' contract by Chevron U.S.A Inc. for subsea installation services at the St. Malo field.

$100 Oil Still Crux of Some Service Company Business Models
Wednesday, December 18, 2019 Although crude prices have never returned to triple-digit territory since 2014, Deloitte contends that many oilfield services companies still rely on a business model built for $100 oil.

McDermott Receives Delisting Warning
Friday, December 13, 2019 McDermott received a notice from the NYSE stating the average closing price of the company's shares of common stock had dropped below $1 per share for 30 consecutive trading days.

Basic Energy Exits Pressure Pumping Business
Thursday, December 12, 2019 The company's pumping business lines remain in a structurally disadvantaged position, as they are its most capital-intensive businesses.

Halliburton Confirms More Layoffs in Oklahoma
Friday, December 06, 2019 Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma.

Halliburton Shutters Oklahoma Office, Cuts 800 Jobs
Tuesday, December 03, 2019 The Houston-based oilfield services giant will be closing its office in El Reno, Oklahoma and laying off more than 800 employees.

NOV, Pumpco Energy Services Cut Jobs in Texas
Monday, December 02, 2019 Two oilfield services companies have conducted layoffs in Texas, according to notices received by the Texas Workforce Commission.

Akastor Appoints New CFO
Friday, November 22, 2019 Oil services investment company Akastor has appointed Oyvind Paaske as its new chief financial officer.

Petrofac Breaks Into Permian Shale Market with Latest Acquisition
Wednesday, November 20, 2019 International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.

Baker Hughes, C3.ai, Microsoft Team up to Boost Energy AI
Tuesday, November 19, 2019 The JV will help customers adopt scalable AI solutions for the energy industry that promote safety, reliability, and sustainability.

Saipem to Consider Combining with Subsea 7
Friday, November 15, 2019 Saipem is considering a combination with rival Subsea 7 to create a larger European oil services provider, people with knowledge of the matter said.

3D Printing On Track to Become Vital in Oil and Gas
Friday, November 15, 2019 3D printing is on track to become a vital component within oil and gas, according to data and analytics company GlobalData.

Equinor Buys Inspection Services for Over $380MM
Friday, November 15, 2019 Equinor has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf and onshore plants in Norway.

Baker Hughes Signs Long-Term Saudi Arabia Contracts
Wednesday, November 13, 2019 Baker Hughes broke ground Wednesday on its first manufacturing site in Saudi Arabia. PHOTO SOURCE: Sadara