Hints and tips:
...Analysts warn current oil prices could start to put financial pressure on some producers, especially after oilfield services inflation raised their so-called “break-even” price, the level they need to cover...
...To boost their pricing power, oilfield service firms need to team up....
...services company....
...Jason Gabelman, an analyst at TD Cowen, said the deal would most likely allow Exxon to “sidestep a potentially difficult process of building its own CO₂ pipeline in service of its own CCS ambitions” and...
...While many operators said there were signs this rampant oilfield services inflation was beginning to decelerate, it will remain all too sticky for some in the shale patch....
...The companies, both focused on the Bakken oilfield of North Dakota and Montana, said on Monday they would combine in an all-stock deal in response to investor pressure to cut the fat and drive efficiency...
...Running out the clock The University of Texas has used its lucrative swath of America’s largest oilfield to build an endowment that rivals Harvard....
...Among the disasters, the stock and bond prices of oilfield services firm Weatherford and shale-gas specialist Chesapeake have collapsed this year. Additional reporting by Joe Rennison and Miles Kruppa...
...Private operators, which account for about 15 per cent of onshore US oil production, have led the resurgence, taking advantage of falling costs caused by the drop in demand for oilfield services from publicly...
...The SFO’s Unaoil case triggered a string of criminal investigations into engineering and oilfield service companies thought to have dealings with the company....
...High profile casualties included Chesapeake and Whiting. Services providers were hit especially hard as operator cutbacks left them out of work....
...The North Face refused an order from Innovex Downhole Solutions, a Houston-based oilfield services group, for about 400 company-branded North Face jackets that it intended as gifts for staff....
...The recent price crash has already pushed many highly leveraged US oil and gas companies into bankruptcy with shale pioneer Chesapeake Energy the biggest casualty to date....
...In an April 16 note downgrading Diamond’s debt to the 17th point on its 21-point scale, rating agency Moody’s said the oilfield services sector would be “one of the sectors most significantly affected” by...
...Few people are travelling or renting cars and the company can no longer afford to service its debts....
...Of these, 33 were oil and gas producers, 15 oilfield services companies and two midstream companies....
...Both Mr Grande, in charge of midstream energy companies and refiners, and Mr Watters, who looks after upstream companies and oilfield services, said they doubt companies will be able to depend on sales of...
...What began as a high-end limousine service in San Francisco is now a regular habit for more than 100m people worldwide....
...services companies....
...UK oilfield services company Petrofac has agreed to sell its 20 per cent stake in the Greater Stella Area of the North Sea for $292m to Ithaca Energy, as it reverses its foray into production....
...Heavy oil is better for making diesel fuel, while the lighter crude produced from US shale oilfields is better for petrol....
...services companies warned this week....
...It has been hit by a series of problems including downturns in the market for gas-fired power plants and oilfield services, and legacy liabilities from insurance operations it sold in 2006....
...Today’s share price jump pushed Netflix’s market capitalisation through $100bn for the first time, putting it ahead of the likes of Nike and Goldman Sachs, and just behind oilfield services company Schlumberger...
...GE is planning a spin-off of its healthcare division, which makes medic equipment, and an “orderly separation” of its 62.5 per cent stake of its oilfield services group Baker Hughes....
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