Archives for February 2018
U.s. rig count rises as inventories fall
The nation’s overall drilling rig count rose slightly this week as crude inventories fell and U.S. oil exports are on the rise. Source: FuelFix
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GE remains committed to Baker Hughes for now
Houston’s Baker Hughes has some breathing room to focus on growth as the energy sector slowly rebounds now that General Electric is affirming its commitment to the oilfield services firm at least until next year....
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Schlumberger and Subsea 7 plan new joint venture
The world’s largest oilfield services firm, Schlumberger, said Friday it plans to form a joint venture with London-based Subsea 7 to offer more integrated deepwater services. Source: FuelFix
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Canadian firm buying Houston's Tucker Energy
Calgary-based Step Energy Services said it is buying Houston’s Tucker Energy Services for $275 million to establish a foothold in the U.S. shale business. Source: FuelFix
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Does carbon capture have new life after win on tax break?
Two weeks after Congress passed a budget deal that more than double the tax credits earned carbon capture projects, the question hanging over the burgeoning industry is whether this will translate into actual construction. Source:...
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