updated Fri. June 21, 2024
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OilPrice.com
April 24, 2018
The consultancy expects the rest of the year to be strong as well, with improvement in oilfield equipment sales slower but present. “With the great surge of activity in short cycle businesses – like U.S. shale and the slower-to-respond equipment market, typically in offshore – this will also be directionally in lineÃâà...
Atlanta Journal Constitution
April 24, 2018
Construction and Mining (Except Oil Well) Machinery and Equipment Merchant Wholesalers (138.9 percent): Wholesalers of scaffolding, mining cranes and machinery and equipment for excavating, road construction and maintenance and forestry. • All Other Automotive Repair and Maintenance (134.2Ãâà...
E&P
April 24, 2018
A new company formed by the two will provide manufacturing, assembly and maintenance for various types of oilfield equipment, including wellheads, christmas trees, BOPs and valves, establishing a major base to fulfill Algeria's increased domestic upstream requirements with the potential for futureÃâà...
Oilfield Technology
April 24, 2018
“The first quarter numbers published by Schlumberger, Halliburton and BHGE are in line with our expectations,” says Audun Martinsen, VP of Oilfield Service Research at Rystad Energy. “With the great surge of activity in short cycle businesses – like US shale and the slower-to-respond equipment market,Ãâà...
Platts
April 23, 2018
Even as companies move to bulk up the North American pressure pumping fleet used in well completions, a large chunk of the reported additions are believed to simply replace degraded equipment, rather than expanding the overall size of the fracking fleet capacity, Jeff Miller, CEO of the giant oilfieldÃâà...
The Mobile Herald
April 13, 2018
Oilfield Equipment Market report is a definitive source of information which provides latest market research intelligence, industry trend, emerging markets, products, technologies along with the extensive coverage of various regional markets. This market research report revealed the detailed study of marketÃâà...
OilVoice
April 13, 2018
The report also focuses on global major leading industry players of Global Digital Oilfield market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstreamÃâà...
Market Realist
April 12, 2018
In this article, we'll look at Wall Street's targets for the five OFS (oilfield equipment and service) companies with the lowest net debt-to-equity ratios in 2017. Analysts expect all five companies to deliver positive returns over the next 12 months. Broker RecommendationsÃâà...
Market Realist
April 11, 2018
In this series, we'll analyze the top five OFS (oilfield equipment and service) companies by net debt-to-equity ratio in fiscal 2017. We've excluded offshore drillers and selected OFS companies with a market capitalization over $100 million. Net debt-to-equity ratios, calculated by dividing net debt byÃâà...
McClatchy Washington Bureau
April 11, 2018
CIA Director Mike Pompeo failed to disclose last year that he owned a Kansas business that imported oilfield equipment from a company owned by the Chinese government. That omission, on the questionnaire Pompeo was required to fill out for Senate confirmation to lead the spy agency, could cause aÃâà...
NewsWest9.com
April 5, 2018
"A lot of electricity in this country now comes from the burning of fossil fuels whether its coal or oil and gas provides a huge amount of electricity. So, it's kind of a cycle you need power to be able to create power," said Stephen Robertson, Executive Vice President, Permian Basin Petroleum Association.
Greeley Tribune
March 30, 2018
With his "Method and Means for Cementing Oil Wells," the young inventor significantly improved how wells were completed after drilling. Halliburton was 27 years old when he founded his oilfield equipment and service company in 1919 in Ardmore, Oka. He had moved to Ardmore to be near the HealdtonÃâà...
Business Services
March 30, 2018
The global Oilfield Equipment Rental 2018 Market Research Report begins with a basic overview of the industry which specifies each components of the market that includes introduction, definitions, classifications, applications and industry chain structure. As a detailed analysis report, it has coveredÃâà...
Market Realist
March 30, 2018
We discussed 2017's top five free cash flow (or FCF) earners in the oilfield equipment and services (or OFS) industry in our previous series. In this series, we'll analyze the lowest five FCF generators in 2017 in the OFS industry, excluding the offshore drillers. We've selected companies in the OFS industryÃâà...
Market Realist
March 30, 2018
We've been discussing the lowest five oilfield equipment and services (or OFS) companies by free cash flow (or FCF) generation in 2017 in this series. In this article, we'll discuss their stock market returns in the past year. Since March 23, Baker Hughes, a GE Company (BHGE) and the lowest FCF earner in 2017, producedÃâà...
WorldOil
March 29, 2018
Gas for delivery at the Waha hub in West Texas has already slid 13% so far this month to trade at $1.84/MMBtu Tuesday, a 29% discount to supplies of the fuel at Louisiana's Henry Hub, the benchmark for U.S. futures. And the Permian rout will only deepen in the coming weeks as mild spring weatherÃâà...
E&P (blog)
March 29, 2018
With U.S. oil and gas production increasing as operators try to grow profits alongside rising oil prices, oilfield service costs are up. This is according to ... The index of input costs for oil services firms' equipment jumped from 30.9 to 46.8, according to a news release on the survey released March 28. The riseÃâà...
OilVoice
March 28, 2018
Zion Market Research has published a new report titled “Oilfield Services Market (Pressure Pumping Services, Oil Country Tubular Goods, Wireline Services, Well Completion Equipment & Services, Well Intervention Services, Drilling & Completion Fluid Services, and Coiled Tubing Services) for OffshoreÃâà...
Oilfield Technology
March 27, 2018
One customer case study has highlighted annual savings in excess of Ãâã5m as a result of job execution efficiencies and a reduction in equipment downtime. Under the contracts Proscient will be deployed to over 5000 new users across 15 North Sea assets. The software will enable operators to enhanceÃâà...
89.3 KPCC
March 27, 2018
An oil field near Lovington, N.M. A new study finds that in the last decade energy analysts have grown worse at predicting future energy production, demand and prices. Charlie Riedel/AP. Christopher Joyce | NPR | March 27, 2018Ãâà...
Market Realist
March 27, 2018
In 2017, the oilfield equipment and services (or OFS) industry witnessed a mixed bag. Some companies generated strong positive free cash flows (or FCF) during the year, while others were FCF negative. In this series, we'll analyze the top five FCF generators in the OFS industry in 2017 excluding offshoreÃâà...
OilVoice
March 27, 2018
The report gives the clear picture of current Oilfield Equipment Market scenario and the predicted future of the industry. The report focuses on the basis of market drivers, restraints, growth, trends and forecast for the period of 2017-2024. In addition, the report also maps the market performance by valueÃâà...
Construction Equipment
March 27, 2018
Replacing parts of an outdated Baker Hughes turbine at a petrochemical plant in Johor Bahru, Malaysia, is about as fun as it sounds. The chore was supposed to halt operations at the facility for at least 10 days and cost $50,000 to fly a specialized U.S. work crew about 9,000 miles. Instead, Bloomberg.comÃâà...
Business Services
March 26, 2018
The Oilfield Equipment Rental Market report offers a detailed Outlook and future prospects of the Oilfield Equipment Rental Industry. The Oilfield Equipment Rental Market report analyses major information that helps Industry experts, analysts and business decision makers to decide their business strategiesÃâà...
Chicago Tribune
March 21, 2018
Tobin, 54, is taking the helm amid a portfolio transition at Dover, which makes energy and refrigeration equipment. The Downers Grove, Illinois-based company is spinning off its billion-dollar Wellsite business, now known as Apergy, which makes drill bits and other oilfield equipment. Loeb's Third PointÃâà...
BelAir Daily
March 21, 2018
Global and Chinese Oil Field Equipment Industry, 2018 Market Research Report is a professional and in-depth study on the current state of the global Oil Field Equipment Market with a focus on the major countries/markets in the world like North America, EU, APAC and ROW. The report provides keyÃâà...
Natural Gas Intelligence
March 21, 2018
Analysts met with 40 oilfield service (OFS), equipment and drilling companies that they cover. The OFS sector is undergoing a “once-in-a-lifetime” evolution as the old guard falls away and advanced technology, digitization and efficiencies evolve, West said. “After a truly monstrous downturn, which led to aÃâà...
Albuquerque Journal
March 21, 2018
Transforming to a digital oil field could add almost $1 trillion to the world's economy by 2025, according to a 2015 study by Oxford Economics and Cisco Consulting Services. ... The newer, larger batch yet to be harnessed is coming straight off the oilfield equipment itself — the rigs, pipes, pumps and vales.
Market Realist
March 21, 2018
So far in 2018, many companies in the OFS (oilfield equipment and services) industry have had negative returns in the stock market. In this series, we'll analyze the companies in the OFS industry with the five worst YTD (year-to-date) stock market returns—excluding offshore drillers. We selected companiesÃâà...
OilVoice
March 21, 2018
Zion Market Research has published a new report titled “Oilfield Services Market (Pressure Pumping Services, Oil Country Tubular Goods, Wireline Services, Well Completion Equipment & Services, Well Intervention Services, Drilling & Completion Fluid Services, and Coiled Tubing Services) for OffshoreÃâà...
Simply Wall St
March 21, 2018
Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (WBAG:SBO), an energy company based in Austria, saw a double-digit share price rise of over 10% in the past couple of months on the WBAG. With many analysts covering the stock, we may expect any price-sensitive announcements haveÃâà...
Market Realist
March 20, 2018
However, rising upstream activity on the back of higher crude oil and natural gas prices is an advantage for oilfield equipment and services companies. The VanEck Vectors Oil Services ETF (OIH) has gained 4.3% since June 21, 2017. OIH tracks an index of oilfield equipment and services companies.
JWN
March 20, 2018
Transforming to a digital oil field could add almost $1 trillion to the world's economy by 2025, according to a 2015 study by Oxford Economics and Cisco Consulting Services. ... The newer, larger batch yet to be harnessed is coming straight off the oilfield equipment itself -- the rigs, pipes, pumps and vales.
24/7 Wall St.
March 20, 2018
One area in energy that looks very good for the rest of the year is oilfield services, and a new Jefferies report suggests that spending here on the services arena can jump as much as 25% year over ... The company also manufactures, repairs and refurbishes equipment used in the oilfield services industry.
Simply Wall St
March 14, 2018
While small-cap stocks, such as Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft (WBAG:SBO) with its market cap of €1.41B, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. Companies operatingÃâà...
E&P
March 13, 2018
Qatar Petroleum said on March 13 it had renewed a concession agreement with the United Arab Emirates (UAE) on the development and operation of their joint Al-Bunduq offshore oil field, despite a diplomatic crisis between the Gulf states. The agreement was signed with Abu Dhabi's Supreme PetroleumÃâà...
Market Realist
March 12, 2018
Rigs increased because US crude oil prices have gained ~46% since June 21, 2017. The SPDR S&P Oil & Gas Equipment & Services ETF (XES) and the iShares U.S. Oil Equipment & Services ETF (IEZ) have risen ~7.8% and ~8.1%, respectively, since June 21, 2017. These funds have exposure to oilfieldÃâà...
Oilfield Technology
March 12, 2018
"In a still challenging market overall, the Group achieved a robust 22% growth in fourth quarter revenue year-on-year, thanks, in particular, to a high level of land equipment sales and the good positioning of our multi-client data library in the strategic basins offshore Brazil and the North Sea. This level ofÃâà...
Oilfield Technology
March 12, 2018
This comprises 1.3 million more in newbuilds and 2 million via refurbishments of non-working equipment, providing much needed relief to the tightening pressure pumping market. Among other major service providers, Schlumberger plans to add 1 million horsepower via refurbishment of the WeatherfordÃâà...
WAMU 88.5
March 8, 2018
Companies are also turning to drones, smart drill bits, even autonomous rigs that can drill an oil well on their own. “If you see ... He runs a lab where graduate students can analyze oil wells remotely, then advise companies on how to improve their operations. ... He's repaired oilfield equipment for 47 years.
Moneyshow.com
March 8, 2018
Solaris Oilfield Infrastructure (SOI) makes and supplies portable silo systems that can be delivered on a truck to an oil/gas well site and raised into a vertical position in sets of three silos, explains small cap expert Tom Bishop, editor of BI Research. These silo systems each hold 1.25 million pounds ofÃâà...
Market Realist
March 8, 2018
Halliburton (HAL) recorded a net loss of ~$463 million in 2017—a sharp improvement compared to a net loss of $5.73 billion in 2016. Halliburton's operating income improved significantly compared to 2016 due to increased stimulation activity and well completion services in North America. Halliburton'sÃâà...
Market Realist
March 8, 2018
In the current week starting March 5, 2018, ION Geophysical (IO) is the top declining stock from the oilfield services sector. So far ... there is positive sentiment about the oilfield services stocks this week also, which is evident in the gain of ~2.8% by the SPDR S&P Oil & Gas Equipment & Services ETF (XES).
Rigzone
March 8, 2018
Oilfield Services Company Secures North Sea Work Worth Over $69MM. Materials and equipment management specialist ASCO secures work in the North Sea worth in excess of $69.3 million (GBP 50 million). Materials and equipment management specialist ASCO announced Thursday that it has securedÃâà...
Market Realist
March 7, 2018
Halliburton (HAL) recorded a net loss of ~$463 million in 2017—a sharp improvement compared to a net loss of $5.73 billion in 2016. Halliburton's operating income improved significantly compared to 2016 due to increased stimulation activity and well completion services in North America. Halliburton'sÃâà...
The Ledger Gazette
March 4, 2018
Seacor (NYSE: CKH) and Liberty Oilfield Services (NYSE:LBRT) are both oils/energy companies, but which is the superior business? ... Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products.
Daily Ardmoreite
March 4, 2018
He was employed for Nickels Drilling, where he worked derricks and drove a truck hauling rigs and oilfield equipment. Dwain left the oil patch when he became a custodian and bus driver for Wilson Public Schools for 12 years and afterwards went back to the oil field working as a contract pumper for manyÃâà...
Chron.com
March 2, 2018
The amount of greenhouse gas emitted during the production of oil and natural gas - whether though burning fossil fuels to power equipment or natural gas leaks - is likely to be looked at increasingly in the decades ahead as government's try to prevent the world's average temperature from increasing moreÃâà...
KERO 23ABC News
February 22, 2018
Kern County Sheriff's Office detectives arrested two men who were allegedly involved with stolen oilfield equipment. The KCSO Rural Crime Investigation Unit received several reports regarding the stolen oilfield equipment and were later contacted by a local business owner about the equipment as well.
Williston Daily Herald
February 20, 2018
Fisher, who is the owner and operator of Great American Transport, was hired by R&R Oilfield Services to move a flatbed trailer loaded with oilfield equipment from Arnegard to Monohan, Texas, according to an affidavit of probable cause. He picked up the trailer Dec. 26, and the next day called theÃâà...
