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(Reuters) – Flowco Holdings has raised $427.2 million after pricing its U.S. initial public offering above its targeted range, the oilfield services provider said on Wednesday. Flowco priced its offering of 17.8 million shares at $24 each. The company had marketed to list its shares in the range of $21 and $23. Strong equity markets, …
Oilfield Services Provider Flowco Raises $427 mln in US IPO Read More »
(Reuters) – The U.S. Interior Department said on Wednesday that a congressionally mandated oil and gas drilling lease auction in Alaska’s Arctic National Wildlife Refuge received no bids from energy companies. Outgoing President Joe Biden’s administration billed the outcome as proof the 19 million-acre refuge, home to species including polar bears and Porcupine caribou, should …
Alaska Wildlife Refuge Drilling Auction Yields No Bids, US Says Read More »
Win empowers him to attack climate policies he’s dubbed a scam Republican will also push policies to produce more oil and gas Donald Trump’s victory promises to shake up US energy and environmental policy, with sweeping implications for oil production, offshore wind development and electric vehicle sales. The win empowers him to deliver on his …
From Oil to EVs, Here’s What a Trump Victory Means for Energy Read More »
Bloomberg The boss of the world’s biggest oil-services company says his industry isn’t moving fast enough to do its part in the fight against global warming. SLB Chief Executive Officer Olivier Le Peuch said he and his peers have a responsibility to find ways to reduce greenhouse gas emissions from drilling, fracking and pumping. Yet progress during …
Oil Industry Criticized From Within Over Climate Efforts Read More »
Oilfield service companies and drillers have put the brakes on hiring and further job cuts could loom as natural gas producers respond to sliding prices by slashing spending on new wells to reduce excess production. Already some 4,680 oilfield jobs have been lost since December, according to data from trade group Energy Workforce & Technology …
U.S. Oilfield Job Losses Could Swell as Natural Gas Prices Plunge Read More »
Baker Hughes Expects North America Oilfield Spend to Decline in 2024 (Reuters) – U.S. oilfield technology firm Baker Hughes said on Wednesday it expects spending on drilling and well completion in North America to fall in 2024 as commodity prices remain volatile. Shale producers have looked to reduce drilling to counter weak prices. Many U.S. …
Baker Hughes Expects North America Oilfield Spend to Decline in 2024 Read More »
Halliburton Profit Beats on International Strength (Reuters) – Halliburton’s fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities internationally boosted demand for oilfield services and equipment. The Houston-based company said adjusted net income stood at 86 cents per share for the three months ended Dec. 31, compared with 80 cents …
Halliburton Profit Beats on International Strength Read More »
(Reuters) – SLB beat analysts’ estimates for quarterly profit on Friday and said it expects strong growth in its international business this year as resilient offshore and overseas drilling activity boosted demand for its oilfield services and equipment. Schlumberger has banked on international growth, primarily from the Middle East, Europe and Africa, in recent years as …
SLB Beats on Fourth-Quarter Profit on Strong International Demand Read More »
