OFS-Oilfield Services

HOUSTON, May 28, 2024 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has been awarded a two-year frame agreement extension with Equinor, a multinational energy company, for the delivery of completions, liner-hangers, and slot recovery services. To deliver on this scope, Weatherford will offer its Accuview® downhole monitoring solutions with …

Weatherford Awarded Framework Extension with Equinor for Completions and Slot Recovery Read More »

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ended March 31, 2024. In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on May 6, 2024. For the first quarter of 2024, the Company reported net income from …

Superior Energy Services Announces First Quarter 2024 Results and Conference Call Read More »

CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This …

Precision Drilling announces 2024 first quarter unaudited financial results Read More »

First-quarter highlights Orders of $6.5 billion, including $2.9 billion of IET orders. Revenue of $6.4 billion, up 12% year-over-year. Net income attributable to the Company of $455 million. GAAP diluted EPS of $0.45 and adjusted diluted EPS* of $0.43. Adjusted EBITDA* of $943 million, up 21% year-over-year. Cash flows from operating activities were $784 million and free cash flow* was $502 million. Returns to shareholders of $368 million, including $158 million of share repurchases. HOUSTON …

Baker Hughes Company Announces First-Quarter 2024 Results Read More »

  First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21% First quarter operating income of $233 million increased 26% year-over-year First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year First quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 …

Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance Read More »