oilfield services
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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.
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Oilfield services giant is the latest to receive a contract related to TotalEnergies’ $10-billion Ugandan development.
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SponsoredTAQA aspires to be a leader in managing integrated projects in the Middle East-North Africa by providing technical services across the life cycle of oilfields as well as offering unique technologies for Geothermal and Carbon Underground storage projects
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Data from the US Bureau of Labor Statistics point to a fourth consecutive month of job growth in the sector, led by Texas additions.
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The contractor expects international revenue will see double-digit growth in the second half of 2021 as compared to the same period last year.
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Halliburton and Baker Hughes see oilfield services sector heading in the right direction this year after a painful 2020.
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Sentiments are clearly improving amongst the hard-hit oilfield service companies who all saw revenue grow in the fourth quarter of last year.
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Supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn, and just as the industry could finally hope for better days, the COVID-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low of $446 billion.
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The $120 million per year, 5-year contracts will provide well-intervention services to Equinor’s fixed platforms.
