News
National Oilwell Varco buying Flotek’s drilling technology arm
Flotek Industries is selling its Drilling Technologies segment to National Oilwell Varco for about $17 million. The deal is expected to close by mid-May. RELATED: Flotek puts equipment, services businesses on the block The company...
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A sign of the times: OTC hauls less gear onto the show floor
Another sign of the woes of the offshore industry: The movers who truck gear into the annual Offshore Technology Conference hauled more than 1 million pounds less onto the floor this year than last. Dallas...
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Oil falls sharply on supply worries; OPEC gains gone
Crude’s losses accelerated, erasing gains sparked by OPEC’s November output agreement, as concerns over a supply glut mounted. U.S. stocks fluctuated after falling in oil’s tow as earnings boosted insurers. West Texas Intermediate crude fell...
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OTC Commentary: How digital technology is transforming oil
By Ahmed Hashmi Fourteen years ago, at its 2003 annual energy conference here in Houston, Cambridge Energy Research Associates (CERA) presented a bold vision of how digital technology might transform the world of oil and...
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Q & A: How new technologies shear deepwater costs
The recovery in energy prices won’t produce a mad rush into deep-water fields anytime soon, but drillers are still spending billions this year on more cost-efficient projects that can outlast cheap oil, says the executive...
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