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  • Two multiphase compressor units at the OneSubsea facility in Norway.

    Schlumberger to acquire Cameron in transformational $14.8B deal

    Oilfield services giant Schlumberger has reached a definitive merger agreement with Cameron in which the companies will combine in a stock and cash transaction to create the industry's first “pore-to-pipeline” company offering complete integration between downhole and surface technologies.  


    Wood Mackenzie: Global gasoline glut to hit refiners

    Wood Mackenzie’s latest long-term oil products market forecast shows that a surplus of gasoline is expected to flood the market as early as 2017, which, combined with a deficit of middle distillate and fuel oil, will put significant pressure on refiners by the end of the decade.


    Encana divests Haynesville natural gas assets for $850M

    Encana Oil & Gas (USA) Inc. has agreed to sell its Haynesville natural gas assets, located in northern Louisiana, to GEP Haynesville LLC, a joint venture formed by GeoSouthern Haynesville LP and funds managed by GSO Capital Partners LP.


    Accenture to acquire Schlumberger Business Consulting

    Accenture has entered into an agreement to acquire Schlumberger Business Consulting, the management consulting unit of Schlumberger.  


    California hydraulic fracturing update

    California has taken strides to update the state’s oil and gas regulatory program. One milestone was the passage of SB 4 in 2013, a bill that demonstrated how California take a different approach to hydraulic fracturing and unconventional shale gas development as compared to the State of New York. Here, an update.  


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    Commodity Indices

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    Rig Count

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    US 877 8
    Canada 196
    12
    International 1118 28

    Source: Baker Hughes Inc.
    US & Canada rig counts updated weekly. International updated monthly.

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