Weatherford

The E&P sector has maintained a strong focus on capital discipline during its recovery from the 2014 oil price downturn, as investors look for companies to generate free cash flow to help pay down debt. How will this focus affect sector growth in the near term?

ForeSite users will be able to create and visualize customized data reports or select from a series of built-in visualization dashboards and reports that monitor key performance indicators and identify production optimization opportunities.

Weatherford said it will file for bankruptcy after reaching a deal with its biggest lenders to halve its debt load and provide financing during and after the process.

These most recent deals bring the services company's divestiture total to $1 billion over the past 1 1/2 years.

A rise in oil prices close to 3-year highs should further stimulate a recovering oilfield services and equipment sector, despite lower than expected late-2017 activity in US shale.

Schlumberger and Weatherford called off a joint venture, with Schlumberger buying Weatherford’s US fracturing assets outright.

McDermott and CB&I will form a vertically integrated onshore-offshore construction and engineering services provider. Other deals include Jacobs Engineering Group acquiring CH2M and the expected close by year end of the Schlumberger and Weatherford OneStim JV.

Schlumberger and Weatherford are forming a joint venture to tackle the North American unconventionals oilfield services market.