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The private equity owners of Flowco have kicked off preparations for an initial public offering of the oilfield services provider that could value it at as much as $2 billion and come as early as the first half of 2025, according to people familiar with the matter. Jefferies, JPMorgan Chase and Piper Sandler have …
Flowco’s Owners Prepare to Take Oilfield Services Firm Public in 2025, Sources Say Read More »
The number of workers in US oil fields and the amount they’re paid have now fallen for two straight months to their lowest levels this year, indicating the wave of mergers and acquisitions in the sector are taking a toll on employment. The overall number of front-line US oil and gas workers fell 1.2% on a month-over-month …
Oil Field Jobs and Pay Drop as U.S. Shale Consolidation Takes Hold Read More »
Amerino Gatti appointed as executive vice president of Oilfield Services & Equipment (OFSE) business segment Maria Claudia Borras appointed as chief growth & experience officer Muzzamil Khider Ahmed appointed as chief people & culture officer HOUSTON and LONDON, Sept. 03, 2024 (GLOBE NEWSWIRE) — Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) announced …
U.S. oilfield services firm Halliburton said on Tuesday it has incurred and is likely to continue to incur expenses related to its response to a cyber attack in August. The incident, in which an unauthorised third party accessed and removed information from Halliburton’s systems, caused disruptions and limited access to portions of its business applications, …
Halliburton Says Expenses Incurred in Response to August Cyber Attack Read More »
U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter. Halliburton said it was aware of an issue affecting certain systems at the company and was working to determine the cause and impact of the problem. The company was also working with “leading external experts” …
Top U.S. Oilfield Firm Halliburton Hit by Cyberattack, Source Says Read More »
By Reuters (Reuters) – Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region. However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment. …
Baker Hughes Sees Lower North America Activity; Bets on Foreign Demand Read More »
Summary SLB, Halliburton warn of weak North America activity SLB shares up 3.4%, Halliburton shares down 4.9% North America activity to trough in H2 2024 – Halliburton CEO SLB sees strong growth in Middle East, Asia (Reuters) – Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global …
Oilfield Services Firms SLB, Halliburton Post Profit Gains on Global Demand Read More »
SLB and Halliburton See Strong International Oilfield Demand Companies meet or exceed earnings per share expectations Oilfield service firms are shifting into overseas markets SLB and Halliburton Co., two of the world’s biggest oilfield service providers, said they see strong international demand for crude drilling after posting earnings that met or exceeded expectations, supporting their shift into …
SLB and Halliburton See Strong International Oilfield Demand Read More »
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 »
Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far. AGROTERRA Russia seized companies belonging to agricultural group AgroTerra and placed them …
