The UK offshore services sector (OFS) has had a rough time over recent years, given the COVID-19 pandemic, declining oil and gas activity, political uncertainty and limits on the pace of the energy transition.
Kintore-based engineering firm Brimmond is toasting its best-ever financial year amid a surge in demand.
Halliburton (NYSE: HAL) is warning that oilfield services are likely to be tight for the foreseeable as companies scramble to up production.
A pair of firms are making a play for Baker Hughes’ 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 “broad-based inflation and supply pressures,” exacerbated by “unfortunate geopolitical events” 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 – 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 year’s 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 “streamlined and effective” operations.
Schlumberger (NYSE: SLB) enjoyed a boost to profits in the third quarter as the oilfield services giant plans to “close 2021 with strong momentum”.
Halliburton’s chief executive has praised the “effectiveness” of its “strategy and execution” after the company reported a healthy balance sheet.
Bosses at oilfield services firm Tendeka are toasting new international contracts worth more than £22 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 Frank’s International.
Baker Hughes trimmed its losses in the second quarter as drilling activity continued to rebound from the pandemic-driven oil bust.
Halliburton’s chief executive says the company’s strategy is “working well” after a relatively healthy financial start to the year.
Baker Hughes’ 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.
Expro’s chief executive says he doesn’t anticipate its amalgamation with Frank’s International to lead to any “significant headcount changes” in Aberdeen.
Sparrows Group has bagged a five-year contract worth more than £1 million for work in the US.