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HomeOilfield Service

Oilfield Service

Petrofac
International News

Petrofac bags $350m services deal in Equatorial Guinea

April 18, 2024 Mariel Alumit

Offshore engineering specialist Petrofac has been awarded a technical services contract by Equatorial Guinea’s national oil company GEPetrol to support operations on the region’s offshore Block B. Under the contract, valued at around $350m over […]

Crude Oil News

Deal Spotlight Episode #5: Chord + Enerplus and the Quest for 3-mile Lateral Locations

April 10, 2024 Michael Tanner

Bakken consolidation is here! Pumped to be back for this latest Deal Spotlight covering Chord + Enerplus.  This deal makes sense in lots of ways: acreage, development timelines etc… One of the things quoted many […]

Energy Stocks
Big Oil Companies

Energy Stocks Rally Under The Radar

April 9, 2024 Mariel Alumit

Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago. Energy stocks have outperformed the top tech stocks this […]

ChampionX
M & A

SLB To Acquire ChampionX, Return $7 Billion To Shareholders; CHX Stock Jumps

April 2, 2024 Mariel Alumit

Oilfield services giant SLB on Tuesday announced plans to acquire chemistry solutions and drilling technology provider ChampionX (CHX). SLB stock retreated early Tuesday while CHX stock, an S&P Midcap 400 component, jumped. SLB (SLB), formerly Schlumberger, plans to […]

Climate Crisis

ENB #200 Doomberg and Chris Wright -Energy Conflicts and Solutions: Integrating Global Dynamics, Finance, and Policy

March 20, 2024 Stu Turley

Ending “Energy Poverty” is a passion of mine. Elevating out of poverty requires low-cost, sustainable kWh delivered to homes. The global push to destroy the energy sector in the name of gaining more control is, […]

Africa Oil
Crude Oil News

Africa Oil increases stake in massive Venus discovery in Namibia’s Orange basin

March 18, 2024 Mariel Alumit

(WO) – Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately $64 […]

Dolphin Drilling
Crude Oil News

Dolphin Drilling inks $154m semisub contract with Oil India

March 18, 2024 Mariel Alumit

Dolphin Drilling Semisub rig owner Dolphin Drilling has won a drilling contract for one of its rigs from oil and gas player Oil India Limited. Under the terms of the contract, Dolphin Drilling will deploy […]

Wintershall Dea
Big Oil Companies

Wintershall Dea, Aker BP increase recoverable volume estimate from Adriana oil and gas discovery in Norwegian Sea

March 5, 2024 Mariel Alumit

(WO) – Wintershall Dea and its partners, Petoro, Aker BP, and PGNIG, have successfully completed drilling for an appraisal well on the Adriana gas and condensate discovery in the Norwegian Sea. They are now evaluating […]

Crude Oil News

Deal Spotlight Episode #4 Navigating the Oil Patch: Insights into Mergers, Metrics, and Market Trends

March 4, 2024 Stu Turley

This is a Deal Spotlight with John Ferrell, Co-Founder / CEO at WellDatabase, and Michael Tanner. They cover great use of techniques in evaluating oil and gas deals. They even cover the Diamondback and Endeavor […]

Oil
Crude Oil News

U.S. Oil and Gas Rig Count Rises to Highest Since September- Baker Hughes

March 4, 2024 Mariel Alumit

U.S. energy firms this week added oil and natural gas rigs for a second straight week to their highest since September, energy services firm Baker Hughes said in its closely followed report on Friday. The […]

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