Halliburton CFO: New frac fluid “tastes like beer”
Halliburton CFO Mark McCollum did something most sane people would be reluctant to do – he took a swing of fracking fluid a few weeks ago.
View ArticleEnsco pumping investment into new rigs
Ensco, one of the leading offshore service providers, is aggressively investing its resources, gambling that robust dayrates of up to $600,000 per day for offshore platforms will make up for the costs...
View ArticleServices companies stand to profit if Pemex makes changes
Proposals to open Mexico’s energy industry to outside investment could make a good thing even better for oil field services companies operating there.
View ArticleSapped U.S. shale budgets to come in lower than 1980s bust
Deep budget cuts are expected to prompt another exile of drilling rigs from Texas and North Dakota, with the average U.S. land rig count dropping by about 300 this year, Cowen says.
View ArticleSome drillers set to boost spending as oil rises, Evercore says
HOUSTON – The long financial drought that has deeply bruised energy service companies may be nearing an end. As oil prices hover near $50 a barrel, record oil company spending cuts the past two years...
View ArticleMany laid-off oil field workers have left industry behind, survey finds
Click through the gallery above to see how the oil crash affects the wider economy. HOUSTON – Many of the laid-off mechanics and roustabouts that ran drilling rigs during the oil boom have found new...
View ArticleU.S. drillers poised to hike spending by a quarter next year, Evercore says
If oil prices hold onto recent gains, drillers could pump billions back into U.S. oil fields next year, setting the stage for an industry comeback after two years of deep cutbacks. In North America,...
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