Drilling – Oil & Gas 360

Congratulations to Chris Wright, Liberty Energy Chairman & CEO, for his nomination as U.S. Secretary of Energy!- oil and gas 360

Congratulations to Chris Wright, Liberty Energy Chairman & CEO, on his nomination as U.S. Secretary of Energy!

November 18, 2024

Liberty Energy CEO Chris Wright (NYSE:LBRT), a keynote speaker at our 29th EnerCom Denver—The Energy Investment Conference last August, has been nominated to be President-elect Donald Trump’s head of the Department of Energy. We are proud to re-post Chris’ keynote speech and believe it fully captures why the country needs a free-market energy professional like Chris to better the lives

Liberty Energy Inc. comments on nomination of Chris Wright as U.S. Secretary of Energy and announces succession planning for Chairman and CEO

November 18, 2024

(Oil & Gas 360) – DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) today commented on the announcement by President-elect Donald J. Trump regarding his nomination of Chris Wright, Liberty’s Founder, Chairman of the Board, Director and Chief Executive Officer, for the position of U.S. Secretary of Energy. The appointment of Mr. Wright as Secretary of Energy is subject to

Halliburton opens new facilities in Namibia to strengthen oil and gas operations, economy

November 18, 2024

(World Oil) – Halliburton announced it will open new facilities in Namibia highlighting the importance of the country’s growing oil and gas industry. The facilities, which will support the company’s in-country operations, are located in Windhoek, Walvis Bay, Swakopmund and Lüderitz. With a combined footprint of 20,000 m², the facilities create a strong presence in the region. The Windhoek office will

$Weaker U.S. fracking drags Halliburton earnings below estimates- oil and gas 360$

Weaker U.S. fracking drags Halliburton earnings below estimates

November 7, 2024

(Oil Price) – Halliburton Company (NYSE: HAL) missed analyst estimates for its third-quarter earnings as weaker North American revenues combined with the impact of an August cyberattack and hurricanes in the U.S. Gulf of Mexico dragged profits down. Halliburton, one of the world’s top three oilfield services providers and leader in the U.S. fracking services market, reported on Thursday adjusted net income per

NOIA congratulates Trump, highlights vital role of offshore energy

November 6, 2024

(World Oil) – As the political landscape shifts with the election of President-elect Trump, the promise of American offshore energy remains unwavering. From the robust oil and gas production in the Gulf of Mexico to the burgeoning offshore wind projects, carbon capture and storage investments, and critical minerals sectors, American energy production continues to benefit every citizen, transcending political affiliations.

Nighthawk Completion Services partners with Backcast on investment deal, growth strategy

November 5, 2024

(World Oil) – Nighthawk Completion Services has received a majority investment and growth equity commitment from an investor group led by Bruce Ross, including Backcast Partners and certain energy service executives. “This investment will help Nighthawk accelerate its growth,” said Cody Nevilles, CEO of Nighthawk. “Due to Bruce’s operating and transactional experience in the energy sector, he quickly delivered a

Halliburton announces new solution for oil recovery and sand control

November 1, 2024

(World Oil) – Halliburton has announced the addition of SandTrap® XL to its sand consolidation portfolio. This latest innovation addresses the industry’s challenge of excessive sand production with a low-viscosity resin system. Activated externally, it enables solids control over large intervals. SandTrap XL delivers consolidation strength to formation grains and preserves the original permeability of the rock. This new generation of sand

SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico

October 30, 2024

(World Oil) – SLB today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico. This award marks the latest milestone in the long-standing relationship between SLB OneSubsea and bp and is the first engineering, procurement and

Baker Hughes wins Petrobras contracts to supply flexible pipe systems in Santos basin

October 28, 2024

(World Oil) – Baker Hughes announced today significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The agreement was signed Oct. 15, 2024, following an open tender. The multi-year project includes risers and flowlines for hydrocarbon production and associated gas and water injection with support for equipment storage, maintenance and

Energy majors team up with Techouse to cut emissions from offshore installations

October 25, 2024

(World Oil) – Technology company Techouse has teamed up with several energy companies, including TotalEnergies and Equinor, plus SINTEF Energy Research, to develop and test a compact, lightweight once-through steam generator (OTSG) that can enable substantial reduction in fuel consumption and CO2 emissions from power and heat production at offshore installations. “Previous research and development has proved that implementing gas turbine

TDI-Brooks completes geotechnical program offshore Turkey, Black Sea

October 22, 2024

(World Oil) – TDI-Brooks has successfully completed its fifth geotechnical investigation for DenAr Ocean Engineering S.A. The RV Nautilus was dispatched to the Black Sea from the U.S. East Coast to facilitate this operation. The geotechnical aspect of the investigation included 49 Gravity Cone Penetrometer Tests (gCPTs), 50 Jumbo Piston Corers (JPCs), 48 Cone Penetration Tests (CPTs), and 41 BCs.

Oilfield services giant SLB reports strong Q3 results

October 18, 2024

(Oil Price) – The world’s biggest oilfield services provider, SLB (NYSE: SLB), expects to exceed its commitment of returns to shareholders this year as its third-quarter profit beat estimates and cash flow generation remained strong despite softened short-cycle activity. SLB reported on Friday earnings per share (EPS), excluding charges and credits, of $0.89 for the third quarter, up by 5% sequentially and 14%

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