Schlumberger Suffers Credit Hit
Schlumberger had its debt rating lowered by S&P Global Inc. (Bloomberg) — Schlumberger Ltd. had its debt rating lowered by S&P Global Inc. as belt-tightening in the U.S. shale patch Continue Reading
Small shale companies under pressure, says Fed official
Independent shale drillers in the US are facing pressure to either expand or be acquired, Robert Kaplan, president of the Federal Reserve Bank of Dallas, has said. Despite the classic “wildcatting” Continue Reading
The Biggest Losers In The Shale Slowdown
Schlumberger saw its debt rating downgraded by S&P due to the unfolding slowdown in drilling by U.S. shale companies. The largest oilfield service company in the world has seen its Continue Reading
Is The Oil Glut Coming Back?
Oil had its worst week of the year, and the plunge in prices have renewed concerns about the global economy , oil demand and a stubborn crude oil surplus. Oil Continue Reading
This Oilfield Service Player Is Looking To Make A Comeback
Introduction The collapse of deepwater drilling in the Gulf of Mexico, (GoM) beginning in 2014, with no real recovery yet in sight, has spread a lot of misery around the Continue Reading
U.S. oil drillers cut rigs for third week in a row: Baker Hughes
(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as weaker oil prices encourage drillers to follow through Continue Reading
US Drillers Drop Five Rigs
The U.S. dropped five oil rigs and gained one gas rig for a net loss of four rigs this week. The U.S. dropped oil rigs for the third week in Continue Reading
Producing More with Less Cash and a Flat Rig Count
Senior economist for the Dallas Fed shares how oil and gas companies can spend less money, keep the rig count flat and grow production. How can oil and gas companies Continue Reading
Buffett’s Betting on Oil, and He’s Rarely Wrong
Sunset in the Permian Basin, the world’s #1 producing oilfield and the big prize in the Occidental/Anadarko deal. Getty I’ve long been a believer that there’s always opportunity in the Continue Reading
Shell starts production at giant Appomattox field in Gulf of Mexico
Royal Dutch Shell has started producing oil and gas at its Appomattox deep water platform in the Gulf of Mexico, one of the largest projects launched in the basin in Continue Reading