Capital Discipline Drives E&P Sector as Investors Look for Better Returns
The E&P sector has maintained a strong focus on capital discipline during its recovery from the 2014 oil price downturn, as investors look for companies to generate free cash flow to help pay down debt. How will this focus affect sector growth in the near term?
Kuwait Oil Pursues Offshore E&P, Signs With Halliburton for Services
Kuwait Oil Co. signed a $597-million offshore drilling services contract with Halliburton for six high-pressure/high-temperature exploration wells on two jackup rigs in the Arabian Gulf.
Service Companies Show Pricing Power Growth
New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.
Halliburton Breaks Ground for Chemical Manufacturing Plant in Saudi Arabia
Halliburton broke ground in Saudi Arabia for the first oilfield chemical manufacturing reaction plant in the Kingdom.
Halliburton Facilities, Business Lines Achieve API Q2 Registration in Angola
Halliburton received API’s risk-based quality management system registration for its Angola facilities and product service lines.
Aggressive Cost-Cutting: Is it Sustainable?
Onshore development is increasing production, while investors demand greater operational efficiencies. Operators and service companies are striving to strike the balance between fiscal discipline and growing their production. How low can costs go, and for how long?
Oilfield Services Q3 Review: Promising Outlook After Tough Times
A rise in oil prices close to 3-year highs should further stimulate a recovering oilfield services and equipment sector, despite lower than expected late-2017 activity in US shale.
Supply and Demand in Unconventionals: Where Do Service Companies Fit?
Service company executives examine how the oil price downturn affected supply and demand for their services in the unconventional sector, and strategies they have undertaken to stay afloat as operators adjust to uncertainty.
IT/OT Convergence Plays Critical Role in Cybersecurity Protocol
Industry CIOs examine the challenges operators and service companies face in understanding cybersecurity threats.
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29 August 2019