(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 from LNG producers, as well …
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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% to 7% next year as …
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(Reuters) – Top oilfield services firm SLB on Friday said it is halting shipments of products and technology into Russia from all its operations over an expansion of Western sanctions. …
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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 by about $20-$25 per foot, …
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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 equipment contracts from rivals who …
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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 the government’s stake in its …
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(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 on Wednesday at a conference …
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(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 country and a future charge …
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BENGHAZI – Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been suspended after protesters calling for …
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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 to evacuate and cutting production …
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By Liz Hampton – The U.S. oilfield services and equipment sector added 7,450 jobs in December, even as overall hiring in the United States slowed, according to a report released …
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WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Monday said Texas-based oilfield services company ProPetro Holding Corp and its founder and former chief executive officer have agreed to …