Category: Oil field services

Kirby Corp. grows onshore with hydraulic fracturing boom

Kirby Corp., a Houston-based barge shipping company, is growing its business on shore. Since hydraulic fracturing took off, Kirby has found a growing market for its diesel engine services division. The engines power hydraulic fracturing pumps, and demand has been rising in recent years.  More »

NOV CEO: Rig count may fall modestly in 2015

National Oilwell Varco saw higher demand for rig equipment and aftermarket services.  More »

Apollo buys Houston oil field firm

Apollo Global Management is diving deeper into U.S. shale oil and gas with the purchase of one of the largest private companies in Houston.  More »

Weatherford posts $77 million in profits, could announce two divestitures this year

Oil field service company Weatherford International could announce at least two major divestiture before the end of the year, including one that may occur “imminently” and perhaps within the next week,.  More »

Markets for advanced rigs rising, Nabors CEO says

Rising prices for the Bermuda rig contractor’s most advanced machines are helping Nabors crank out more of them for operators in U.S. shale plays.  More »

Oil firms reach for subsea standards to cut costs, FMC CEO says

The next generation of tools designed to help energy companies process oil and gas deep under the oceans could follow uniform industry designs, FMC Technologies CEO John Gremp said.  More »

Nabors earnings rise after last year’s loss

Nabors Industries collected $61 million in profit in the third quarter on higher North American drilling activity, a year after it faced losses on asset impairments and other charges.  More »

FMC Technology profit rises 46 percent

FMC Technologies on Tuesday posted a 46 percent boost to its third-quarter bottom line, largely because of a rise in subsea technology sales and its North American high-pressure fluid control business.  More »

Halliburton execs point to U.S. shale as profits leap 70 percent

U.S. shale plays have become laboratories for experiments with more production stages, more sand and, in West Texas, a lot more horizontal rigs – a development Halliburton executives say has required an unprecedented level of oil-field service intensity.  More »

Oil rigs slump by most in two months after prices slide

Rigs targeting oil in the U.S. fell by the most in two months as producers curbed drilling following the biggest price rout since 2012.  More »

Schlumberger CEO: Oil will recover, spur E&P spending

The slow but steady global economic recovery is still intact, and absolute oil demand has changed little despite fears of oversupply that have sent crude prices hurtling downward in recent days, Schlumberger’s chief executive told investors on Friday.  More »

Schlumberger profit jumps 13.6 percent

Schlumberger profits jumped 13.6 percent in the third quarter as sales in North America and in its production segment picked up.  More »
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