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Thursday, 18 May 2017 14:58

WGEG predicts rig market to decline

Westwood Global Energy Group (WGEG) predicts to see stagnation in terms of dollar demand through to early next decade before…
Published in OE Press: 2017 / May
Marathon Oil has renewed a contract for work on its three Brae platforms in the North Sea with Aberdeen-based oilfield…
Monday, 01 May 2017 08:16

Amid stagnation, MMO looks promising

The oilfield service (OFS) industry can, at times, be intimidating in its complexity and depth. Furthermore, mega-mergers (e.g. GE –…
Published in OE Press: 2017 / May
Thursday, 06 April 2017 20:50

Rystad: 'Hiring poised to restart'

According to new research from analysts Rystad Energy, service companies are expected to start recruiting in the offshore industry again…
Published in OE Daily: 2017 / April
Monday, 02 January 2017 08:55

Key oilfield themes for 2017

The past year has undoubtedly been one of the toughest for the oil and gas industry in recent memory. As…
Rystad Energy’s new report claims that there is hope in the oilfield service industry despite the current downturn, with an…
Published in OE Press: 2016 / June
Weatherford's CEO is not kidding when he describes the "brutality of length of this down cycle." His firm has felt…
Published in OE Press: 2016 / May
Friday, 18 December 2015 09:56

Little respite expected in 2016

Energy analysts Douglas Westwood say the oilfield services market has seen a 39% drop in capex in the last year,…
Tuesday, 18 August 2015 08:22

Accenture to buy Schlumberger unit

Global management consultancy and services firm Accenture has agreed to acquire Schlumberger Business Consulting (SBC), Schlumberger's management consulting unit. Accenture…
Friday, 24 April 2015 09:18

North American job cuts mount

International oilfield services firm Weatherford will cut another 2000 jobs from its workforce, taking the total number of planned job…
Published in OE Daily: 2015 / April
Thursday, 05 February 2015 11:06

Weatherford latest to announce cuts

US oilfield services giant Weatherford has joined its big three competitors in announcing a headcount reduction amounting to thousands as…
Thursday, 15 January 2015 09:28

GE/McDermott launch new consultancy

A new oilfield consultancy has been launched by GE Oil & Gas and McDermott International to “transform the development of…
Tuesday, 06 January 2015 08:28

Edison lines up first NCS well

Oilfield services firm AGR has been awarded a three-year well management services contract with options with Edison Norge, supporting Edison…
Friday, 14 November 2014 08:07

Halliburton, Baker Hughes in merger talks

Baker Hughes and Halliburton are in ‘preliminary discussions’ in regards to a possible merger between the two oil services providers,…
Sunday, 09 November 2014 07:14

Lux Assure adds ME agents

Oil and gas asset integrity and corrosion management firm LUX Assure has appointed three Middle Eastern agents in recent months…
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2018-10-22 09:22:50pm