- Joe Barone, Shale Directories
- Blog
- December 10, 2019
O&G down, but certainly not out
It’s not hard to miss the signs: * The onshore Lower 48 U.S. states working-rig count has dropped more than 26% since the first week of 2019.- Joe Barone, Shale Directories
- Blog
- October 21, 2019
Schlumberger loses $11.4B amid big pretax charges
The world’s largest oilfield services company surpassed Wall Street expectations on third-quarter revenue, but took a huge hit on the bottom line due to pretax charges, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 10, 2019
Halliburton cutting 650 jobs in US
Oilfield services giant Halliburton said Wednesday it’s cutting another 650 U.S. jobs as oil and gas producers have slashed spending amid weak prices and investor demands for stronger financials, Reuters reported.- Joe Barone, Shale Directories
- Blog
- October 8, 2019
Third-quarter energy sector activity drops: Dallas Fed
Third-quarter energy sector activity declined, according to the Federal Reserve Bank of Dallas quarterly energy survey, Kallanish Energy reports. The business activity index — the survey’s broadest measure of conditions facing 11th District energy companies — fell to -7.4 in the third quarter, from -0.6 in the second quarter.- Joe Barone, Shale Directories
- Blog
- September 26, 2019
Dallas Fed survey: O&G activity contracts, employment falls
Energy sector activity declined in the third quarter, according to executives responding to the Federal Reserve Bank of Dallas Energy Survey, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 13, 2019
Osfs should prepare for recession, Rystad warns
The oilfield services (Ofs) sector will shrink in 2020, as oil and gas producers chop spending in response to lower crude prices, ending three years of growth, according to Rystad Energy.- Joe Barone, Shale Directories
- Blog
- August 6, 2019