Service & Supply
Business , Service & Supply
OFS Sector Loses Jobs, but Trade Org Says Growth Potential Remains
According to analysis by the Energy Workforce & Technology Council, the OFS job market may still have potential for growth despite a slight decrease in the sector in April.
Offshore Technology Conference (OTC) , Natural Gas liquids (NGL) , Crude Oil , Emissions , Service & Supply
OTC: SLB Exec Says Goal is to Expand Production, Lower Emissions
Despite rapidly expanding global renewables capacity, oil and gas products will still supply around half of global energy demand by 2040, an SLB executive said during the 2024 Offshore Technology Conference.
Business , Deepwater , Field Development , Service & Supply
Valaris’ 1Q Sets Positive Tone for Offshore
Coming out of first-quarter 2024, drilling contractor Valaris expects a sustained upcycle for the offshore drilling industry supported by demand growth, OPEC+ production cuts and supportive commodity prices.
Dividends/Buybacks , Exploration & Production , Service & Supply , Midstream
1Q24 Dividends Declared in the Week of April 29
With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Service Contracts , Service & Supply , Field Development
ProPetro to Provide eFrac Services to Exxon’s Permian Operations
ProPetro has entered a three-year agreement to provide electric hydraulic fracturing services for Exxon Mobil’s operations in the Permian Basin.
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.