Category: Oil field services

Weatherford shares rise on mixed Q2 report

Weatherford International posted larger second-quarter losses as revenues declined from operations in the Middle East, North Africa and Asia, the company reported Thursday.  More »

North American production bolsters Halliburton profits 21 percent

Halliburton cleared a 21 percent profit boost in the second quarter as demand for oil production equipment climbed in North America and drills kept spinning in the eastern hemisphere, the company said Monday.  More »

Schlumberger reports profit drop amid overall sales growth

Schlumberger’s profit fell 24 percent in the second quarter despite a revenue increase.  More »

Baker Hughes earnings up 47 percent

Oilfield service company Baker Hughes’ profits rose 47 percent in the second quarter amid unprecedented demand for its services in North America, the company said Thursday morning.  More »

Report: 10 percent more Eagle Ford wells this year

Operators working in the Eagle Ford Shale started drilling 2,364 new wells in the first six months of the year, according to the latest Baker Hughes Well Count.  More »

Rosneft to buy Weatherford operations in Russia, Venezuela

Russian oil giant Rosneft will buy Weatherford International’s land drilling and workover operations in Russia and Venezuela for $500 million cash, the companies announced Monday morning.  More »

Expert: Pa. didn’t address fracturing health impacts

By Kevin Begos Associated Press PITTSBURGH — Pennsylvania’s former health secretary says the state has failed to seriously study the potential health impacts of one of the nation’s biggest natural gas drilling booms. Dr. Eli Avila also says the state’s current strategy is a disservice to people and even to the industry itself because health […]  More »

Illinois has hired few workers to oversee fracturing

More than a year after a compromise paved the way for high-volume oil and gas extraction in Illinois, the agency in charge of overseeing the practice has hired just four of 53 new employees it says it needs as it continues working to complete rules drillers must follow.  More »

Furthering your education while you work in oil & gas? Before you start, here’s what you should know

You’ve done some great work in the oil & gas industry, but you get that feeling that you really need some more education (an MBA, a technical Master’s) not only to bolster your own skill set, but also signal to your colleagues and managers that you’ve got the credentials necessary for that “next level”.  More »

Industry raids universities for oil engineering talent

Universities are in a constant struggle to hire and retain enough professors to keep up with surging enrollment in petroleum engineering programs nationwide.  More »

Norwegian oil services strike averted

Norway’s Industri Energi union and the oil and gas producer lobby reached an agreement on pay, averting a strike at companies including Halliburton Co., Schlumberger and Baker Hughes.  More »

Technical or managerial track? A common dilemma for young professionals…

The dilemma is one I hear often from young professional engineers in the oil & gas industry: should I pursue a technical track or a managerial track, and should I pursue either with an operator or a service company?  More »
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