Oilfield services provider Baker Hughes ( NYSE: BKR ) reported a loss for the third quarter, like its competitors Schlumberger and Halliburton, amid lower demand for drilling services and equipment Continue Reading
President Donald Trump told supporters at a rally that Democratic candidate Joe Biden planned to ban all fracking, taking aim at his opponent’s energy plans that would affect one of Continue Reading
More than $14 billion in big Permian deals this week Concho and Parsley were worth 75% more at beginning of 2020 More than 40 US E&P bankruptcies this year A Continue Reading
Baker Hughes remains committed to the oil and gas industry despite its ongoing challenges, but is also looking to grow its business portfolio to support energy transition, the company said Continue Reading
A new study finds ongoing operations and construction in Texas’ pipeline industry provided nearly $49 billion in economic impact last year. Ongoing operations and construction in Texas’ oil and gas Continue Reading
Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts and executives said. Pioneer Natural Resources Co, one Continue Reading
Pioneer Natural Resources Co PXD.N said on Tuesday it would buy smaller rival Parsley Energy Inc PE.N for $7.6 billion, including debt. Parsley, focused on the Permian basin, will receive Continue Reading
In a year marked by huge spending cuts across the oil and gas industry amid urgently revised budgets and slashed investments, some analysts are now expecting a light at the Continue Reading
ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that Continue Reading
Halliburton Company ( NYSE: HAL ), the largest fracking services provider in North America, sees activity across the shale patch stabilizing as it reported another net loss this year due Continue Reading
