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updated Fri. January 19, 2018

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... methamphetamine as part of an oil field drug dealing case. [Cal Coast Times]. Claudia Norman, 57, allegedly acted as the supplier for methamphetamine dealers in the Bakken oil fields, which span the U.S. states of Montana and North Dakota. One of the co-conspirators in the case is a Santa Maria man, ...
Having looked at the percentage gainers in the current week, we'll now move on to the percentage losers from the oilfield services (or OFS) sector in the United States. To compile our list of top oilfield services losers, we've used only oilfield services companies with market caps of greater than $100 million ...

Abu Dhabi National oil company plans to expand its carbon capture programme to cater to a six-fold increase in the use of CO2 in maturing oilfields, ... from the Hawiyah natural gas liquids recovery facility, which is then transported via pipeline to be injected into the Ghawar field, the world's biggest oil field.
A Lubbock-based startup plans to tap into San Antonio's bilingual tech talent and its proximity to the Eagle Ford Shale to bring cloud computing services to the oil patch. SitePro has opened an office on Nolan Street in Dignowity Hill, where it is developing software and hardware for companies in the oil and ...
Boom! oil field Services Company is Moving Operations to San Angelo. (US Well Services uswellservices.com). By Joe Hyde | Jan. 15, 2018 5:16 pm. San Angelo, TX -- US Well Services, LLC (USWS) announced today it will begin operating a high pressure, high rate fracturing fleet servicing the Wolfcamp and Southern ...
Many small frackers have come to the equity market recently or are planning to do so soon, following the recent run-up in oil prices. U.S. shale fracking is a crowded market with a number of small-, mid-, and large-cap (Big Colors) players vying for market share. Liberty oilfield Services has recently come ...
Hundreds of jobs are set to be created during the construction of a vessel which will be used to redevelop a North Sea oil and gas field. Shell said between 300 and 400 jobs, mostly in Scotland, would be needed to support construction of the floating production, storage and offloading (FPSO) vessel for the ...
Output at the Daqing oil field, China's largest, fell 7 percent in 2017 compared to 2016, as operator PetroChina scaled back production because of high ... The exploration and development team at PetroChina's Daqing oilfield unit raised overseas equity oil production to 5.52 million tonnes, up nearly 14 ...
Liberty oilfield Services, which provides hydraulic fracturing services for the oil and gas industry, raised $216 million by offering 12.7 million shares at $17, above the range of $14 to $16. Liberty oilfield Services plans to list on the nyse under the symbol LBRT. Morgan Stanley, Goldman Sachs, wells ...
money from the offering will go to pay down corporate debt and to buy equipment for additional fracking crews that oil and gas producers hire through Liberty oilfield. Baker Hughes on Friday reported that 939 drilling rigs were deployed in the U.S., up 15 from the week before and 280 from the same week a ...
In a new study, Virginia Tech researchers have found that efforts to curb earthquakes triggered by the injection of oilfield wastewater into the ground in Oklahoma are not targeting the most dangerous tremblers, and that a larger reduction in injection volumes is needed. Prior to 2011, Oklahoma averaged ...
Basic Story: Small-cap hydraulic fracturing company (pressure pumper) focused on five liquids rich basins in North America. It has organically grown from 1 fleet in 2011 in the Bakken to 19 fleets diversified about the hot shale plays in the U.S. at present with continued near-term growth plans. The company ...
On January 9, deputies with the Okmulgee County Sheriff's Office began investigating an anonymous tip of individuals using an oilfield tank truck to steal water from local hydrants. During the investigation, deputies located and arrested 63-year-old Ronald Ashford and 33 -year-old Michael Cuthill, after ...
Houston, Jan 10 (Reuters) - Belgacem Chariag, chief global operations officer for General Electric Co's oilfield services group Baker Hughes, has resigned, according to a company filing with the U.S. Securities and Exchange Commission. He will be replaced by Uwem Ukpong, the company's chief ...
In the first five months of 2017, five oilfield services providers filed for an initial public offering, overtaking exploration and production listings by a wide margin, signaling returning optimism in the sector thanks to improved oil prices. The value of the five listings was also impressive: at $1.36 billion it ...

Royal Dutch Shell has sold its 20-percent stake in Iraq's West Qurna-1 oil field to Japan's Itochu corporation, and Iraq has approved the transaction, a senior Iraqi oil official told Reuters in an interview on Wednesday. "Shell sold its stake in West Qurna 1 to Itochu and the oil ministry approved it. We met with ...
Denver oilfield services company Enservco Corp. said fiscal 2017 will be a much better year, financially, than fiscal 2016. Enservco said it will realize "significant year-over-year increases in revenue and improved profitability for the fourth quarter and full year" for fiscal 2017. It will announce its official 2017 ...
A spokesman for Moldovan businessman Anatolie Stati says that Stati will demand the sale of a $5.2 billion stake in the Kashagan oil field in Kazakhstan if Astana refuses to pay an arbitration award. Stati, his son Gabriel, and two family-controlled companies have been involved in legal battles with Kazakh ...
Now Iraqi lawmakers say that Kar Group is refusing to collaborate with Iraqi state-held North oil company (NOC) and hand the Khurmala oil field over to federal government control, according to Reuters. The Kurds, on the other hand, claim that the Khurmala oil field is within the boundaries of the Kurdistan ...
Moldovan businessman Anatolie Stati will ask courts to sell US$5.2 billion worth of a stake in Kazakhstan's biggest oil field, Kashagan, held by a Kazakh ... to sell their oil assets to Kazakhstan, and instead found an external buyer, but the deal never took place because the state took over the oilfields.
In a year when the S&P 500 was up nearly 20%, Davies and Tao write that the oilfield services stocks in their coverage dropped some 35%. Yet there's reason to believe that 2018 will be better. Earnings estimates for the group have come down, and forward multiples have thus also become more attractive.
Have you ever wondered why oil and gas fields bear their respective names? How names like Dead Cow, Mad Dog or even Ekofisk came about--or how someone managed to name a field in the Gulf of Mexico Genghis Khan? The truth of the matter is that mostly it is not the CEO or not even the marketing ...
Discovered in 2000, the Kashagan oil field is said to be one of the largest in the world. Its total oil reserves are estimated to be 38 billion barrels, of which between 10 and 11 billion barrels are recoverable. Its natural gas reserves are over one trillion cubic meters. The combined safety, engineering, logistical ...
Liberty oilfield Services Inc. said Jan. 2 it will resume its IPO efforts with a proposed offering to raise up to $197.1 million. The Denver-based fracking service company originally filed a $250 million IPO in early 2017 before it eventually decided to postpone the offering. In October, Liberty positioned itself for ...
"The oilfield services sector - after suffering the sharpest decline in history followed by the sharpest recovery - is back to what appears to be at least a three-plus year run of somewhat normal growth," Wicklund writes, expecting oil E&P spending to increase by ~12% in 2018. Wicklund points to the industry's ...
... from private players. A total of 97 companies accessed data room but far fewer companies submitted applications. "We expect to see more interest from private and foreign players once the bidding process starts," the official said. 0Comments. Read more on. Windows · open · oilfields bid · oilfield auctions.
Oil exports from Iraq's southern Basra ports rose to a record high of 3.535 million barrels per day (MMbbl/d) in December from 3.5 MMbbl/d the previous month, two oil officials said on Jan. 1. Southern exports are on the rise as Iraq seeks to offset the halting of shipments from its Kirkukoilfields in the north in ...
In a recent survey by the British bank Barclays, 90 percent of U.S. oil producers said they expect oil field costs to climb next year. Those costs rose in places like the Permian Basin in West Texas this year, as drillers sent oil rigs back into the field and fracking companies struggled to find enough working ...
Those fields, including the Marjan oil field that is shared across the border with Iran, are slated for expansion by Aramco. Iran is also increasing production on its side of the field, called Foroozan. GettyImages-900838894 A portrait of Iranian President Hassan Rouhani with shoe marks stamped over it during ...
Liberty oilfield Services (BDFC) has registered 10.94 million shares for sale at a midpoint price of $15.00 per share. The firm provides hydraulic fracturing services to exploration companies in the oil & gas industry. BDFC has shown impressive financial results as oil prices have rebounded to with the $50 to ...
G azprom Neft, the oil division of Russian gas major Gazprom, presented its development plan for Iran's Azar and Changuleh oilfields on Monday. The presentation took place in a meeting in Tehran between Gazprom Neft executives and National Iranian oil company officials led by deputy chief ...
The Buzzard oil field in the UK North Sea contributed 31% to Forties Blend crude output in the week to Sunday, up from 30% the previous week, Forties ... Other key oil fields feeding crude via the Forties pipeline include Shell's Shearwater, Apache's Forties field, and the Chevron-operated Alder and Erskine ...
On the news front, energy-focused construction and engineering companies McDermott International Inc.MDR and Chicago Bridge & Iron Company N.V.CBI agreed to merge in a $6 billion deal, while Norway's Statoil ASASTO bought a 25% interest in a large Brazilian oilfield from PetrobrasPBR for up to ...
The Roncador field is the largest offshore oil field discovered in Brazil in the 1990s and is currently Petrobras' third largest oil field with reserves of 10 billion barrels of oil equivalent and recoverable reserves estimated at 1 billion. In production since 1999, the Roncador field produced in November 240,000 ...
While Statoil expands its operations in Brazil, two European energy companies--Spanish Repsol and German VNG--have announced investment plans for two fields in the North Sea and the Norwegian Sea. The Norwegian oil ministry said the two have committed a combined US$2.2 billion for the ...
17 resumed production from Norway's Arctic Goliat oil field following an outage of more than two months and now plans to explore for more resources in the area, the company said in a statement Dec. 18. The Norwegian petroleum Safety Authority (PSA) on Dec. 8 said Eni could bring back onstream the ...
"We are expecting to clock a revenue of over $48 million in the current fiscal, of which $18 million will be generated by its fleet of land rigs, while $30 million will be generated by Essar Wildcat, an offshore semi-submersible rig contracted to ONGC," Rajeev Nayyer, Chief Executive Officer at Essar oilfield ...
energy companies will boost capital spending in the U.S. oil patch next year, but their investments won't grow nearly as much as this year, a new report said Wednesday. The oil industry's capital expenditures - the lifeblood of the oil field service companies that employ thousands of people in Houston and ...
During the recent round of 3Q results, there was an overall sense of mild or guarded optimism in companies' presentations and analysts' takeaways. While no bonanza was trumpeted, the road to recovery appears to be smoothing out. Ernst & Young's (EY) quarterly "analyst themes" report noted that this ...
About 60 percent of the oil rights owned by Japanese companies in offshore oil fields near Abu Dhabi are set to expire next March, and Tokyo hopes they will be extended as the UAE is its second-largest oil supplier after Saudi Arabia. "I said that Japanese companies want to continue to (hold the rights), ...
ERBIL, Kurdistan Region - DNO ASA and Genel Energy announced on Monday "a tripling of production" at Peshkabir oil field. The increase in ... The KRG's estimated oil exports now stand at about 250,000 bpd, down from an average of 550,000 bpd in early October after losing control of Kirkuk's oil fields.
In 2015, I toured the oil fields and saw the Arctic Ocean for the first time. It was early June, and the sea ice should have been close to maximal extent. Several people said they had never seen it so far away so early in the summer - it wasn't even visible from the shore. That day it reached 82°F, the warmest ...
oil field services provider C&J Energy Services completed its acquisition of O-Tex Holdings, a provider of cementing services in West Texas. Under the terms of the stock and equity transaction, Houston-based C&J acquired O-Tex for $132.5 million in cash and 4.42 million shares of C&J common stock.
The state Industrial Commission adopted gas capture targets in 2014 aimed at reducing the wasteful flaring of excess natural gas in the oil fields. But The Bismarck Tribune reports operators in September burned off more than 300 million cubic feet of natural gas daily -- a level not seen since the summer of ...
In 2014, the state Industrial Commission adopted gas capture targets to reduce wasteful flaring of excess natural gas in oil fields. Under the policy, North Dakota regulators limit a company's oil production if they don't capture the target amount, which is currently 85 percent. In September, 13 companies ...
A newly announced project at California's Belridge oilfield will bring solar and fossil fuels together in the state's biggest solar project. The partnership, between Belridge field operator Aera Energy and solar thermal power company GlassPoint, will feature a 26.5-megawatt photovoltaic array and 850 ...
The Ventura office of the California Division of Oil, Gas and Geothermal Resources (DOGGR) reported that the 96,000-acre Thomas blaze on Thursday night was within 1,600 feet of the Sespe oilfield, and shut-in production included more than a half-dozen other fields -- Ventura, San Miguelito, Rincon, Ojai ...
8 it planned to restart production at its Goliat oil field in the Arctic Barents Sea within a few days, following a green light from Norway's safety watchdog. The Norwegian petroleum Safety Authority (PSA) said earlier on Dec. 8 the company could bring back on stream the 100,000 barrels-per-day field, which ...


 

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