The U.S. energy sector is navigating a paradoxical landscape: rig counts are declining, yet crude oil and liquefied natural gas (LNG) production continue to climb. This trend, driven by improved drilling efficiencies and strategic focus […]
Norwegian energy major Equinor has awarded a contract for plug and abandonment services on the Oseberg East field off Norway to oilfield services giant Baker Hughes. The plug and abandonment campaign planning phase, as well […]
As part of the Sandstone Teams services, we offer a review of oil and gas deals for our clients. We gain valuable insights into actual data points across various fields in the U.S. One key […]
All of the majors reported lower earnings for the first quarter. Already, some energy companies active in the shale patch are cutting their drilling budgets for the year. Oilfield services providers are bracing for impact […]
“In the US, the repeal of the LNG permitting moratorium and the Administration’s stated goal of increasing US LNG exports has led to an improvement in orders for US LNG projects,” Simonelli said during the […]
Oilfield services giant Baker Hughes has signed a deal with Brazilian oil and gas major Petrobras to provide fully integrated completion systems as well as an agreement for a definitive solution for stress corrosion cracking […]
Baker Hughes has been awarded a “major” contract to provide a modularized LNG system and power island to support Venture Global LNG projects in the US, the firm said on Thursday. In addition, Baker Hughes […]
North America dropped one rig week on week, according to Baker Hughes’ latest rotary rig count, which was released on May 17. Although the U.S. added one rig week on week, Canada dropped two during […]
US energy services firm Baker Hughes has secured an order from compatriot engineer Black & Veatch to supply the planned Cedar LNG project in Canada with electric driven liquefaction technologies. Baker Hughes said in a […]
North America’s rig count decreased by 21 week on week, according to Baker Hughes’ latest rotary rig count, which was released on March 28. The region’s rig count now stands at 772, comprising 621 rigs […]
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