Oil Field Service Companies
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Ivanhoe unit starts drilling for tight gas in China
… s announcement “highlights the range of companies including Western majors, independent explorers, and oil field service companies that have moved into domestic Chinese unconventional gas exploration.” Earlier this month, Baker Hughes Inc …
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DOJ will not challenge proposed nanotechnology research
… Aug. 27 -- The US Department of Justice will not challenge a proposal by a group of oil and gas producers, oil field service companies , and the University of Texas at Austin to jointly research and develop nanotechnology applications for oil …
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SPECIAL REPORT: Discoveries, undeveloped opportunities persist as offshore Europe oil output falls
… of the revenue comes from outside the UK where the London market has even hosted the IPOs of several Russian oil field service companies . A few years ago frequent questions to our firm were from companies seeking sources of finance, whereas nowadays …
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DRILLING MARKET FOCUS: Coiled tubing market grows steadily, attracts new players
… units. HydraRig has expanded to 320 staff from about 120 in 5 years. It provides CT units to all the major oil field service companies (Fig. 3). The company moved to a new Fort Worth facility in 2004, in order to expand and build more component pieces …
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Rising profits also raise pressures on producers
… short-term income variations. Publicly traded independents increased net income in 2005 over 2004 by 78% and oil field service companies , by 139%. High price responses Increased revenues from elevated oil and gas prices have encouraged producers …
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MARKET WATCH: Oil prices rise in New York market
… corporate stock prices despite recent reports of poor first-quarter financial results by some of the largest oil field service companies . "We have frequently cited this type of market action as an important indicator when stocks stop going down …
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US House committee chair asks EPA about groundwater agreement
… Grumbles, EPA's assistant administrator for water, described the MOA between EPA and the three biggest US oil field service companies during a hearing by the committee on Oct. 31. "This MOA, which appears unenforceable, had been executed …
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Venezuela seizes gas compression plants, faces union unrest
… s President Hugo Chavez said state-owned Petroleos de Venezuela SA (PDVSA) is continuing to nationalize oil field service companies in the country, with Houston-based Exterran confirming its facilities as the latest seizure. “We continue …
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CSIS: Independents affected most by global recession
… technology also will determine where companies direct their E&P expenditures, the panelists agreed. "Major oil field service companies are where it is now. It has evolved dramatically in the last 20 years," said Alan R. Crain Jr., senior …
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More natural gas drilling likely
… pressure pumping services, drillbits, and coiled tubing and wireline logging services," Wood said. Several oil field service companies already have initiated price increases in the second quarter, he said. Wood cited recent data from the US …
