Oilfield Services News


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Saipem Bags Deals Worth Approximately $1.3B
Friday, January 18, 2019 Saipem has secured 2 EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.

Atlas Professionals Buys Brander
Wednesday, January 16, 2019 Energy recruitment specialist Atlas Professionals acquires technical recruitment company Brander.

UK-Based Energy Services Firm Changes Name
Tuesday, January 15, 2019 Fabricom Offshore Services has announced the launch of a new name and corporate identity.

Lesar Pursues New Oil Patch Venture
Monday, January 14, 2019 The retired Halliburton executive plans to start an oilfield services company.

Winners and Losers of Offshore Spending Revival
Friday, January 11, 2019 After 4 years of cutbacks, oil companies are poised to open their wallets again and develop new offshore fields, but the benefits won't be spread equally.

Aberdeen Services Firm to Create 80 Jobs
Monday, January 07, 2019 Aberdeen-based offshore support vessel specialist Sentinel Marine says it will create 80 new jobs by adding 3 multi-role ships to its fleet.

Global Drilling And Well Services Activity Sees An Upswing
Friday, December 21, 2018 More than 72,000 wells are expected to be drilled and completed in 2019, representing a 3% growth compared to 2018.

Strong Outlook for Offshore Service Market
Tuesday, December 18, 2018 The outlook for offshore oilfield service contractors is strong, according to Rystad Energy.

Weatherford Sells Data Logging Business to Pay Debt
Monday, December 17, 2018 This is one of a series of planned divestitures by the oilfield services company that was recently warned of delisting by the NYSE.

Cyber Attack Targets Oil and Gas Services Company
Tuesday, December 11, 2018 Saipem suffers a cyber attack on its servers.

Sapura Energy Consortium Bags $719MM ONGC Contract
Thursday, December 06, 2018 A Sapura Energy consortium has bagged an ONGC services contract valued at approximately $719 million.

Baker Hughes Inks Service Contract with Saudi Aramco
Wednesday, December 05, 2018 Baker Hughes inks a three-year well services contract with Saudi Aramco.

Schlumberger's Year-End Frack Forecast is a Lump of Coal
Tuesday, December 04, 2018 Schlumberger believes the North American fracking market - already expected to be a downer for the holidays - is turning out to be even worse than expected.

ODS Anticipates Creating Up To 500 Jobs by 2021
Thursday, November 22, 2018 UK decommissioning company Offshore Decommissioning Services anticipates that it will create up to 500 new jobs by 2021, according to a company spokesperson.

Sapura Energy Wins New Contracts Worth Over $400MM
Wednesday, November 21, 2018 Sapura Energy Berhad strengthens its presence in Mexico and Malaysia with new contract wins.

Johan Castberg FPSO Topside Work Begins
Wednesday, November 21, 2018 Kvaerner is cutting first steel today for the topside of Equinor's Johan Castberg FPSO vessel.

ADNOC Invests $1.4B in Bu Hasa Field
Wednesday, November 14, 2018 ADNOC announces a $1.4 billion investment to upgrade and expand its Bu Hasa field.

University Launches Growth Program for Energy Firms
Wednesday, November 14, 2018 Robert Gordon University is launching a program to support businesses within the energy sector to accelerate their growth.

Wood Wins Mega Project Services Deal
Tuesday, November 13, 2018 Wood secures multi-million dollar contract extension from ADNOC Offshore.

Oil & Gas UK Awards Winners Revealed
Friday, November 02, 2018 Industry body Oil & Gas UK reveals the winners of the 2018 Oil & Gas UK Awards.

US E&P Executives to See Higher Salaries in 2019
Thursday, November 01, 2018 A new survey reveals that oilfield services and drilling companies expect an increase in executives' base salary.

Norwegian Firm Wins $100MM Johan Sverdrup Work
Wednesday, October 31, 2018 Kvaerner signs a contract worth approximately $107 million with Equinor.

Aker Wins $200MM CNOOC Subsea Order
Tuesday, October 23, 2018 Aker Solutions receives a notification of award for orders valued at more than $205 million from the China National Offshore Oil Corporation.

Halliburton's Optimism Clouded by Weak End to 2018
Monday, October 22, 2018 Halliburton's optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.

Frac Spread Tracker Shows Growth Spurt
Monday, October 22, 2018 Frac spread tracker talks frac pad trends.

Jacobs Sells Energy Segment for $3.3B
Monday, October 22, 2018 Jacobs Engineering Group agrees to sell its Energy, Chemicals and Resources segment to WorleyParsons Limited for $3.3 billion.

Petrofac Sells 49 Percent of Mexico Operations
Friday, October 19, 2018 Petrofac completes the sale of 49% of its operations in Mexico to Perenco (Oil & Gas) International Limited.

Oceaneering Rides Recovery Wave With New ROV Technology
Thursday, October 18, 2018 Technology is increasingly becoming more important for oilfield services companies to gain an edge in what's still a recovering market.

Big Oil's Hired Hands Chase Foreign Boom
Thursday, October 18, 2018 The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices.

Carlyle Group Buys EnerMech
Tuesday, October 16, 2018 Aberdeen-headquartered EnerMech has been acquired from Lime Rock Partners by global alternative asset manager The Carlyle Group for an undisclosed sum.

Saipem Seals Services Deals Worth $400MM
Monday, October 15, 2018 Saipem signs new offshore engineering and construction contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of approximately $400 million.

New Energy Experts to Help Scottish Companies
Thursday, October 11, 2018 The Scottish government announces that 5 international market specialists are to be appointed to support Scottish companies to maximize export opportunities in the energy supply chain.

Oilfield Service Firms' Optimism Declines in Third Quarter
Monday, October 01, 2018 The Dallas Fed's quarterly energy survey reveals a dip in the business activity index for oilfield service companies.

Frac Sand Market Faces Supply Chain Disruption
Tuesday, September 25, 2018 The US frac sand market could approach $6 billion by 2023. SOURCE: Black Mountain Sand

OFS Profits Lag Behind Integrated and E&P Companies
Friday, August 24, 2018 A new report from AlixPartners explores what's keeping the oilfield services and equipment sector from achieving the same profits as integrated and exploration and production companies.

Service Companies May Struggle in New Era of Megaprojects
Friday, August 24, 2018 A WoodMac analyst explains why the sanctioning of some large LNG projects may mean trouble for service companies.

Sverdrup Was Norway's Lifeline during Oil Crash
Thursday, August 23, 2018 While Norway's oil-service companies had to slash their fees, Sverdrup's timing also proved a godsend for them.

Halliburton Envisions Robo-Fracking
Tuesday, August 21, 2018 The world's biggest provider of the technique that unlocks oil and natural gas from shale rock has a vision of push-button fracking that's still years in the making.

Wood Seeing Recovery in Core Oil and Gas Market
Tuesday, August 21, 2018 Wood is seeing recovery in its core oil and gas market, the company's chief executive, Robin Watson, says.

Saipem Awarded Services Contracts Worth Approximately $700MM
Tuesday, August 21, 2018 Saipem announces that it has been awarded services contracts worth approximately $700 million.

Global Oilfield Service Sector to Hit Pre-Downturn Market Levels by 2024
Friday, August 17, 2018 Rystad Energy expects the global oilfield service sector to be back at pre-downturn market levels by 2024.

Services Firm's Aberdeen Base Sees Increased Demand, Results in Office Move
Tuesday, August 14, 2018 Ampelmann says its Aberdeen base has experienced increased business demand in recent months.

Schlumberger Appoints Shale Innovator Mark Papa to Board
Monday, August 06, 2018 Schlumberger appointed shale pioneer Mark Papa and energy researcher Tatiana Mitrova to its board of directors, according to a filing with the U.S. Securities and Exchange Commission.

Aker Solutions to 'Integrate' UK Organization
Friday, August 03, 2018 Norway-headquartered oil and gas industry services company Aker Solutions has announced an initiative to 'integrate' its UK organization.

Maersk Drilling Secures 2 North Sea Contract Extensions
Friday, July 13, 2018 Maersk Drilling secures contract extensions for the Maersk Resolute and Maersk Resolve jack-up rigs.

Aker Solutions Secures Perenco UK Services Contract Extension
Wednesday, July 04, 2018 Aker Solutions secures a 3-year contract extension, with two one-year options, from Perenco UK to continue operations and maintenance services on its southern North Sea assets.

SBM Offshore Wins FEED Work for Second Liza FPSO
Tuesday, July 03, 2018 SBM Offshore secures contracts to perform Front End Engineering and Design (FEED) work for a second Floating Production, Storage and Offloading vessel (FPSO) for the Liza development.

Equinor Hands $3.7B Deals To Schlumberger, Halliburton, Baker Hughes
Monday, June 18, 2018 Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion).

US Oil Firms Use Shale Know-How To Revitalize Old Oilfields
Thursday, June 14, 2018 Among vineyards and cow pastures in east Texas last month, roughnecks started to drill in an oilfield that is 25 years past its production peak.

In Norway's Oil Region, Business Outlook Keeps Rising -Survey
Thursday, June 07, 2018 Business conditions strengthened significantly in Norway's western oil-producing regions during the last three months, while the outlook rose to five-year highs, a sentiment survey shows.