Archer and IKM in for Baker Hughesโ pumping and tubing division
A pair of firms are making a play for Baker Hughesโ coil tubing and pumping business, potentially paving the way for its takeover of rival Altus Intervention.
A pair of firms are making a play for Baker Hughesโ coil tubing and pumping business, potentially paving the way for its takeover of rival Altus Intervention.
Saipem (MIL: SPM) has announced the appointment of a new chief executive after incumbet Francesco Caio resigned with immediate effect.
Legislation for the energy profits levy passed through the House of Commons recently to the dismay of many in the industry.
Marketing for sale its business in Russia and impairments on its assets in Ukraine saw Halliburton (NASDAQ: HAL) take $366m of impairments in the first half of 2022.
Baker Hughes reported lower than expected first-quarter earnings and said the rest of the year will be impacted by โbroad-based inflation and supply pressures,โ exacerbated by โunfortunate geopolitical eventsโ including uncertainty in Russia.
Oilfield services giant Baker Hughes has signed a deal to acquire wells specialist Altus Intervention.
Oilfield services firm Hunting plans to appoint a former top boss at Schlumberger to its board.
Aberdeen-based oilfield services firm Enerquip has hailed a landmark move into a new market with its first ever contract to supply equipment to Uganda.
Oilfield equipment specialist OSSO has announced its move to a larger headquarters in Aberdeen.
The Omicron virus variant has plunged the world into yet more uncertainty in recent months โ but even so, 2021 will be remembered as the year when the pandemic loosened its grip on global energy markets and the supply chain could start to recover from last yearโs 14% drop in global energy spending. Investments grew 7% this year, putting economies, energy demand and the supply sector on the road to recovery.
Aberdeenshire-based engineering company Infinity expects to double its headcount over the next three years in an aggressive push for growth.
Energy software firm FutureOn is hoping the formation of a new strategic partnership will allow it to maintain โstreamlined and effectiveโ operations.
Schlumberger (NYSE: SLB) enjoyed a boost to profits in the third quarter as the oilfield services giant plans to โclose 2021 with strong momentumโ.
Halliburtonโs chief executive has praised the โeffectivenessโ of its โstrategy and executionโ after the company reported a healthy balance sheet.
Bosses at oilfield services firm Tendeka are toasting new international contracts worth more than ยฃ22 million for work over the next three years.
UK-based energy services firm Expro has delivered its last set of results before its "merger" with Dutch rival Frankโs International.
Baker Hughes trimmed its losses in the second quarter as drilling activity continued to rebound from the pandemic-driven oil bust.
Halliburtonโs chief executive says the companyโs strategy is โworking wellโ after a relatively healthy financial start to the year.
Baker Hughesโ new North Sea vice president for oilfield services (OFS) has made decarbonising operations one of her key priorities.
Oilfield services firm Expro has formed an exclusive partnership with FTAI Ocean for the supply of its well intervention vessel.
Exproโs chief executive says he doesnโt anticipate its amalgamation with Frankโs International to lead to any โsignificant headcount changesโ in Aberdeen.
Sparrows Group has bagged a five-year contract worth more than ยฃ1 million for work in the US.
Offshore contractor Bilfinger Salamis has indicated it is open to the possibility of trade union recognition, around five years after it allegedly stopped acknowledging them.
Baker Hughes and Akastor ASA have announced plans to form a joint venture company to provide global offshore drilling solutions.
Oilfield technology firm Hunting has formed a strategic partnership with Well Data Labs (WDL) and agreed to provide the firm with $2.5 million (ยฃ1.8m) in convertible capital financing.