Sunday, December 22, 2024
Halliburton CEO sees consolidation in oilfield services as shale matures - Oil and Gas 360

Halliburton CEO sees consolidation in oilfield services as shale matures

From Reuters Slowing growth in the maturing U.S. shale industry and spending cuts by oil and gas customers will lead to a consolidation of oilfield-service suppliers, Halliburton Chief Executive Officer Jeff Miller told investors on Wednesday. The largest U.S. supplier of fracking services to oil and gas producers expects its third-quarter results will be at the low end of its

Ugandan oil pipeline plan suspended due to collapse of Tullow-Total deal - Oil and Gas 360

Ugandan oil pipeline plan suspended due to collapse of Tullow-Total deal

From Reuters Work on a pipeline to export Ugandan oil has been suspended, an industry official said on Wednesday, after Tullow Oil’s (TLW.L) plan to sell a stake in the project to France’s Total (TOTF.PA) and China’s CNOOC (0883.HK) was called off last week. “All East African Crude Oil Pipeline (EACOP) activities including tenders have been suspended until further notice