Service & Supply
Service & Supply , Dividends/Buybacks
NOV Announces $1B Repurchase Program, Ups Dividend
NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Finance , Investment , Rig Counts , Service & Supply , Acquisitions & Divestitures , Trends
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Dividends/Buybacks , Service & Supply
Baker Hughes Hikes Quarterly Dividend
Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Service Contracts , Service & Supply , Midstream , Technology
Baker Hughes Awarded Saudi Pipeline Technology Contract
Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Service & Supply , Liquefied Natural Gas (LNG) , Service Contracts
Technip Energies Wins Marsa LNG Contract
Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.
Earnings , Acquisitions & Divestitures , Service & Supply
SLB’s ChampionX Acquisition Key to Production Recovery Market
During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
Technology , Service & Supply , Field Development
Defeating the ‘Four Horsemen’ of Flow Assurance
Service companies combine processes and techniques to mitigate the impact of paraffin, asphaltenes, hydrates and scale on production—and keep the cash flowing.
Pipelines , Service & Supply , Natural Gas
Ozark Gas Transmission’s Pipeline Supply Access Project in Service
Black Bear Transmission’s subsidiary Ozark Gas Transmission placed its supply access project in service on April 8, providing increased gas supply reliability for Ozark shippers.
Acquisitions & Divestitures , Mergers , Service & Supply
Energy Systems Group, PacificWest Solutions to Merge
Energy Systems Group and PacificWest Solutions are expanding their infrastructure and energy services offerings with the merger of the two companies.
Acquisitions & Divestitures , Service & Supply
The JF Petroleum Group Acquires General Contractor GE Goodson Service
Following the transaction, GE Goodson will operate as The JF Petroleum Group’s Midland branch on a go-forward basis.