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oilfield

Oilfield firm Baker Hughes beats profit estimates on international demand, LNG bets

January 23, 2024
Oilfield firm baker hughes beats profit estimates on international demand, lng bets - photo licensed by shore news network.

(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment …

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Chesapeake Energy sees 5% to 7% drop in oilfield service costs in 2024

August 2, 2023
Chesapeake energy sees 5% to 7% drop in oilfield service costs in 2024 - photo licensed by shore news network.

By Arathy Somasekhar HOUSTON (Reuters) – U.S. oil and gas company Chesapeake Energy on Wednesday said it expects deflation in oilfield service costs by 5% …

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Oilfield firm SLB halts all shipments to Russia

July 14, 2023July 14, 2023
Oilfield firm slb halts all shipments to russia - photo licensed by shore news network.

(Reuters) – Top oilfield services firm SLB on Friday said it is halting shipments of products and technology into Russia from all its operations over …

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Diamondback Energy sees oilfield inflation easing

May 2, 2023
Diamondback energy sees oilfield inflation easing - photo licensed by shore news network.

By Liz Hampton DENVER (Reuters) – U.S. shale producer Diamondback Energy on Tuesday said rig prices are falling and steel costs are set to decline …

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SLB wins Russia business as oilfield rivals exit after Ukraine invasion

January 19, 2023
Slb wins russia business as oilfield rivals exit after ukraine invasion - photo licensed by shore news network.

By Liz Hampton (Reuters) – Following Moscow’s invasion of Ukraine, world’s largest oilfield firm SLB has boosted its business in Russia by cherry-picking service and …

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Brazil’s Petrobras reaches deal with regulator on govt stake in oilfield

December 15, 2022
Brazil's petrobras reaches deal with regulator on govt stake in oilfield - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding …

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Chesapeake Energy sees 10% oilfield inflation in 2023 compared to 2022

June 22, 2022
Chesapeake energy sees 10% oilfield inflation in 2023 compared to 2022 - photo licensed by shore news network.

(Reuters) – Shale producer Chesapeake Energy is anticipating roughly 10% oilfield inflation in 2023 compared with the current year, Chief Executive Officer Nick Dell’Osso said …

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U.S. oilfield services firm Halliburton warns of risk to Russian assets

April 22, 2022
U. S. Oilfield services firm halliburton warns of risk to russian assets - photo licensed by shore news network.

(Reuters) – U.S. oilfield services firm Halliburton Co on Friday warned it may face Russian government seizure of its $340 million in assets in the …

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Libya halts operations at El Feel oilfield, Zueitina port due to protests

April 17, 2022April 17, 2022

BENGHAZI – Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been …

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Alaska oilfield gas leak estimated at 7.2 million cubic feet

April 5, 2022April 5, 2022

By Yereth Rosen ANCHORAGE, Alaska -More than 7.2 million cubic feet of natural gas escaped in a leak at a key Alaskan oilfield, forcing workers …

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