Category: Oil field services

Baker Hughes profits up 23 percent

Oilfield servicer Baker Hughes reported a 22.8 percent increase in profits in the first quarter, citing efficiency gains and growing demand for its technology.  More »

Schlumberger boosts profit as oil explorers seek technology edge

Rising demand for more advanced oilfield technology to tap hard-to-reach crude around the world spurred a record first-quarter profit for Schlumberger Ltd.  More »

Community colleges leading the charge to educate the next generation of oilfield workers

This past week I had the privilege of speaking at the Spring Summit for an organization called UPSTART 360, which aims to bring together HR professionals in the oil & gas industry to tackle some of the toughest staffing problems companies face today. I spoke at one session, giving some outlooks for hiring trends in the field of petroleum engineering, but the session that really made an impact on me was one I chaired that same day, on partnerships between the educational system and industry to train the next generation of oilfield workers.  More »

Baker Hughes acquires Houston reservoir-software firm

Baker Hughes is planning to buy a Houston-based software company in a deal that would add to its digital tools designed to enhance the performance of oil and gas reservoirs.  More »

Private equity funnels millions into oil field technology firm

Private equity firms Energy Ventures and Epi-V will funnel $41.5 million into Norwegian oil field equipment provider DWC.  More »

The first example of a “killer app” for Google Glass in the oil & gas industry? (video)

My first project with Google Glass applied to the oil & gas industry was a simple demonstration of some of the information engineers could potentially pull up in the field.  A few weeks ago I gave a demonstration of a related project I’m working on in my free time, called “the Digital Tally Book”.  I […]  More »

Weatherford moving to Ireland as Swiss executive pay rules change

The board of Geneva-based oil field service firm Weatherford International has voted to shift its corporate headquarters to Ireland later this year, six months after the Swiss government handed investors authority to rein in top-drawer executive pay.  More »

Kinder Morgan announces $1 billion carbon dioxide expansion

Kinder Morgan Energy Partners will spend about $1 billion as part of a project to expand its enhanced oil recovery program.  More »

Juggling family and field work when considering how to start an oil & gas career

Achieving proper work/life balance is tough. Achieving that balance when your life involves a family you have to take care of and when you your career involves long trips to remote field locations is even tougher. To the extent that field work is in my opinion necessary for any young technical professional starting out their career in oil & gas, how does one weigh up the future benefits of this work with the current personal costs?  More »

Report: Increased rig demand lifting drillers’ prospects in 2014

Helmerich & Payne and other early adopters of new rig advances have held an edge over latecomers with older models, but the technology gap is narrowing and a recent upturn in demand may begin leveling the field, according to a report released this week.  More »

Industry marks milestone for hydraulic fracturing

On March 17, 1949, Halliburton conducted the first commercial fracking job, according to the American Petroleum Institute.  More »

Chesapeake Energy files to spin off $2.2B oil field unit

Chesapeake Energy filed regulatory documents Monday in preparation for the public spinoff of its $2.2 billion oil field service business, set for an undisclosed date this year.  More »
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