oilfield services

ADNOC awarded a new round of contracts to international service companies, intending to apply directional drilling and LWD to boost production by getting a better assessment of its reservoirs.

Schlumberger, Baker Hughes warn of an uncertain future for their work in Russia while Halliburton prepares for a full wind down. In turn, all look to North America for revenue growth.

A recent survey by the Dallas Fed indicates significant improvement in oil and gas companies’ outlooks, tempered by high levels of uncertainty in oil prices, ongoing supply-chain limitations, and workforce shortages. Small operators outpace large operators in expected increases in production.

Altus brings well intervention technologies, including tractor and power mechanical application solutions.

Drillers are feeling good about higher oil prices, but only to a point.

The deal enhances the contractor’s presence in West Africa and provides for expansion in Southeast Asia.

Criterion Energy Partners' immediate focus is to deliver direct heat and power to industrial customers in the Texas Gulf Coast region.

Oilfield services giant is the latest to receive a contract related to TotalEnergies’ $10-billion Ugandan development.

Data from the US Bureau of Labor Statistics point to a fourth consecutive month of job growth in the sector, led by Texas additions.