Oilfield Services News

Eni Sells 10% of Saipem for $420M

Jun 12, 2024

Italian oil giant Eni has completed the sale of 10% of the share capital of Saipem, securing a little over $420 million (€393 million) in proceeds.The settlement of the transaction will take place on June 14, 2024, Eni sad.Following the placement…

OEG Energy to Buy Dutch Offshore Services Firm Bluestream Offshore

Nov 20, 2023

Offshore solutions firm OEG Energy Group Limited said Monday it had agreed to acquire Bluestream Offshore, a specialist in subsea and topside services based in the Netherlands, for an undisclosed consideration.Based in Den Helder, Bluestream…

IKM Testing to Keep Supporting Equinor's Offshore and Onshore Facilities Until 2Q 2028

Nov 17, 2023

Norwegian oil and gas company Equinor has awarded IKM Testing a four-year extension to a major framework agreement that covers all of Equinor's offshore installations and onshore facilities in Norway until the second quarter of 2028. 'IKM Testing…

Halliburton, Oil States Partner Up to Provide Deepwater Managed Pressure Drilling Solutions

Nov 06, 2023

Oilfield services players Halliburton and Oil States Industries have entered into a strategic collaboration that combines their technologies to provide deepwater managed pressure drilling (MPD) solutions.According to Halliburton, MPD provides…

Tenaris Net Profit Falls on Americas Slowdown, Launches New Buyback Plan

Nov 02, 2023

Italian steel pipe maker Tenaris late on Wednesday posted a 10% decline in third-quarter net profit due to a slowdown in North and South America and lower shipments to offshore projects and Argentina.The company's shares were up 7.9% by 0833 GMT…

Technip Energies Meets Q3 Result Expectations Despite Russian-exit

Nov 02, 2023

France's Technip Energies on Thursday reported a lower but still slightly better-than-expected third-quarter revenue, supported by project deliveries and growth in order backlog despite Russian-exit headwinds. The energy infrastructure firm posted adjusted revenue of 1…

Saipem Says Recovery on Track after Positive Q3

Oct 26, 2023

Italian energy services group Saipem has made significant progress in its turnaround and is close to completing the problematic projects that forced it to raise capital last year, its CEO said on Thursday.Commenting on third-quarter results…

Halliburton Profit Jumps 32% on Higher Global Drilling Demand

Oct 24, 2023

Halliburton reported a 32% rise in third-quarter profit on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America.Oil and gas companies, who rely on service providers for drilling, well construction…

Oilfield Services Giant Moving to Resume Work in Venezuela

Oct 20, 2023

The largest oilfield service firm, SLB, is planning a quick return to Venezuela's oilfields following the broad relaxation of U.S. sanctions on the country's oil industry, its chief executive said on Friday.The U.S. on Wednesday lifted most…

SLB Profit Beats on Strength in Global Drilling Activity

Oct 20, 2023

SLB edged past estimates for quarterly profit on Friday as strength in the overseas drilling market to meet the insatiable global appetite for oil drove demand for its oilfield equipment, offsetting weakness in North America.Oilfield services…

Axess Technologies to Replace Risers on Equinor's North Sea Platforms

Oct 12, 2023

The Norwegian offshore energy industry services company Axess Technologies has secured a riser replacement contract with the Norwegian offshore energy giant Equinor.The contract, of an undisclosed value, will see Axess Technologies replace three…

Baker Hughes Lands Two Contracts with Vår Energi for Norwegian Offshore Work

Sep 29, 2023

Oilfield services giant Baker Hughes said Friday it had secured two 'major' contracts from the Norwegian oil and gas company Vår Energi.The first contract, a nine-year engagement, is for well intervention. In addition to the interventions scope…

Norwegian Major Awards 10-year Drilling Waste Management Deal to TWMA

Sep 19, 2023

Drilling waste management specialist TWMA said Tuesday it had secured a 10-year contract with the Norwegian oil and gas giant Equinor, for drilling waste management services.The contract includes five scopes of work, including bulk transfer…

SLB to Add $5B in Revenue This Year, Sees Similar Growth in 2024

Sep 07, 2023

SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday.SLB, the world's largest oilfield service company and former Schlumberger…

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SLB Beats Quarterly Profit Estimates on International Drilling Demand

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ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

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