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Showing results for Hermat Oilfield Services Inc
...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....
...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...
...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....
...The SFO’s Unaoil case triggered a string of criminal investigations into engineering and oilfield service companies thought to have dealings with the company....
...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....
...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...
...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...
...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....
...Schlumberger, the oilfield services group, says that in 2014, 13 per cent of jobs it worked on at US onshore wells were supported by technical experts watching from its Houston campus....
...The number of rigs drilling the horizontal wells used for shale oil production has more than doubled from its low of 248 in May last year to 652 last week, according to Baker Hughes, the oilfield services...
...The charges are the latest blow for GE, which has been struggling as a result of downturns in some of its key markets, including power generation equipment and oilfield services....
...The signs of capacity shortages are also good news for oilfield services companies such as Halliburton and Schlumberger, enabling them to raise rates after steep cuts during the industry downturn that began...
...The SFO's Unaoil probe has caught up a number of other companies, including Petrofac , the London-listed oilfield services group which is also under investigation by the anti-corruption watchdog....
...Like all oilfield service providers, both groups have been hit hard by the downturn in investment by oil and gas companies since crude prices crashed in 2014....
...services group....
...Mr Mumford said the management team, led by Les Thomas, a former executive at oilfield services company, Wood Group, had put Ithaca in a “healthy” position....
...In 2009, Stephen Chu, then President Barack Obama’s energy secretary, said he hoped the US would have up to 10 coal-fired plants with carbon capture in service by 2016....
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