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Oilfield Services News

 

Halliburton Shareholders Vote Against Executive Compensation Plan

May 21, 2021

Halliburton Co's shareholders voted against the oilfield services provider's proposed executive compensation plan in an advisory motion, the company said on Thursday.Halliburton Chief Executive Officer Jeff Miller said the company was 'disappointed鈥

Ithaca Energy Awards Captain EOR EPCI Deal to TechnipFMC

May 18, 2021

Oilfield services firm TechnipFMC has won a 'significant' engineering, procurement, construction, and installation contract from Ithaca Energy for the recently sanctioned Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. For TechnipFMC鈥

Baker Hughes CEO 'Cautiously Optimistic' About Oil Demand Recovery

Apr 21, 2021

Oilfield equipment and services provider Baker Hughes Co top boss on Wednesday reiterated he is 'cautiously optimistic' about oil demand recovering this year from the coronavirus blow, echoing a view he shared on the company's last earnings call鈥

Halliburton Expects International Activity Growth to Accelerate

Apr 21, 2021

Halliburton Co on Wednesday reported a 6% rise in first-quarter adjusted profit from the previous three months, as a rebound in oil prices from pandemic lows fueled drilling activity and demand for oilfield services.Higher oil prices during the quarter boosted drilling鈥

Oilfield Services Firm Hunting Says 1Q Earnings in Line with Expectations

Apr 21, 2021

Oilfield services group Hunting Plc said on Wednesday its first-quarter earnings were in line with expectations despite a hit to the company's Texas facilities in February when the U.S. state faced severe cold weather.The company said it recorded鈥

Wood Secures 5-Year North Sea Services Deal with TAQA

Apr 06, 2021

Wood, an energy industry consulting and engineering company, has secured a new contract with oil company TAQA to provide integrated facility services across the TAQA's North Sea assets.With the award of a five-year Integrated Facilities Services agreement鈥

Sapura Energy Refinances $2.5B in Debt

Mar 30, 2021

Malaysia's largest oil and gas services provider Sapura Energy on Tuesday said it has refinanced 10.3 billion ringgit ($2.48 billion) of its debt for a period of seven years.The company said the refinancing includes an $820 million term loan facility to be offered by banks in U鈥

Expro, FTAI Ocean Partner Up in Light Well Intervention

Mar 17, 2021

Oilfield services company Expro has entered an exclusive alliance with vessel provider FTAI Ocean for the supply of the DP3 M/V Pride well intervention vessel to provide full light well intervention (鈥淟WI鈥) services to the subsea oil and gas sector鈥

ADNOC Suspends Petrofac from Competing for New Contracts over Bribery Case

Mar 15, 2021

Abu Dhabi-based oil and gas giant ADNOC has suspended oilfield services firm Petrofac from competing for new ADNOC contracts 'until further notice,' over a bribery case related to contracts awarded in 2013 and 2014.'Petrofac Ltd announces it鈥

Oilfield Services Firms Expro and Frank's Set to Merge

Mar 11, 2021

UK-based oilfield well services company Expro and Dutch-based drilling and completions solutions provider Frank鈥檚 International on Thursday announced a definitive agreement under which the companies will combine in an all-stock transaction. Upon the closing of the transaction鈥

CGG CEO Joins TechnipFMC Board

Mar 02, 2021

Sophie Zurquiyah/Credit: CGGOilfield services company TechnipFMC has appointed Sophie Zurquiyah, who currently serves as Chief Executive Officer of the French seismic data firm CGG, to its Board of Directors and Audit Committee, effective April 1鈥

Saipem CEO: "2021 is certainly not a back to normal year"

Feb 25, 2021

Italian energy services group Saipem said it was unable to provide guidance for the year due to the ongoing health pandemic after it missed earnings expectations, sending its shares down around 9%.'2021 is certainly not a back to normal year鈥

Technip Energies Shares Soar on First Trading Day

Feb 16, 2021

Shares in Technip Energies skyrocketed on Tuesday, the first trading day after Franco-American oilfield company TechnipFMC split its engineering and construction activities from its upstream oil services business.Shares were up 31.5% at 11.83 euros at 0901 GMT ($14鈥

TechnipFMC Splits the Company in Two

Feb 16, 2021

Oilfield services company TechnipFMC on Tuesday said it had completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC and Technip Energies.TechnipFMC, created in 2017 through a merger between France-based Technip and U鈥

Schlumberger CEO: Stage is Set for Oil Demand Recovery

Jan 22, 2021

Schlumberger on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world's top oilfield services provider's fourth-quarter results beat estimates, aided partly by growing drilling demand.Easing of COVID鈥

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