Oifield Services News


Oilfield Services giant SLB Beats First-quarter Profit Estimates

Apr 21, 2023

SLB beat Wall Street estimates for first-quarter profit on Friday, as elevated crude prices and tight supplies fueled demand for its oilfield services. Global crude prices averaged $81.24 a barrel in the January-March quarter, down nearly 20%…

Halliburton Tops Wall St. Quarterly Profit Estimates

Jan 24, 2023

U.S. oilfield services firm Halliburton Co  on Tuesday topped Wall Street profit estimates for its fourth quarter and said its shale oil-well fracking equipment remains fully booked with oil prices driving increased drilling. The largest provider…

New Contracts for Tekmar's Pipeshield, Subsea Innovation

Jan 10, 2023

Offshore services firm Tekmar Group said Tuesday that its group companies Pipeshield International Limited and Subsea Innovation Limited had secured several significant contracts.According to Tekmar, Pipeshield International Limited has won…

Wood Group Must Buy Back Shares to Avoid Takeover, Investor Says

Dec 08, 2022

Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid becoming a takeover target, sending shares in the oil services provider up by the most in six weeks.It is the first public campaign for his $600 million multi-strategy fund…

Duo Launches RenQuip to Fill Energy Market's Tool Manufacturing and Equipment Rental Gap

Mar 07, 2022

Two experienced industry veterans Marc Gerrard and John Morgan have launched RenQuip Limited, a new Dyce, Aberdeen-based tool manufacturing and equipment rental company 'that will bridge the gap between the petroleum and renewables sectors.''RenQuip’s…

Current News

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Equinor's Eggen Wildcat in North Sea Proves Dry

QatarEnergy in 15-Year LNG Supply Deal with Bangladesh

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

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