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HomeOFS

OFS

Crude Oil News

Inflation starts to ease in the shale patch

May 17, 2023 Mariel Alumit

US oil and gas producers are finally seeing some relief from soaring inflation, but any cost savings are likely to be put back into shareholder returns rather than invested in production growth. During first quarter […]

Shale
Crude Oil News

Shale Oil Drilling Getting Cheaper

May 10, 2023 Mariel Alumit

The cost of drilling for shale oil is dropping for the first time in about two years as demand for equipment and workers wavers. Prices for key oilfield inputs such as steel pipe and fracking […]

U.S
Exploration and Production

Energy Workforce: U.S. oilfield employment increased to highest levels since March 2020

May 8, 2023 Mariel Alumit

(WO) — Employment in the U.S. oilfield services and equipment sector increased by 5,143 jobs to its highest level since March of 2020 to reach 662,454 in April, according to preliminary data from the Bureau […]

DeepOcean
Earnings

Oil & gas work ‘key revenue driver’ for DeepOcean, with offshore wind outlook positive

April 18, 2023 Mariel Alumit

Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, […]

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