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  • OIL MARKETS

    Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective.

    SECTIONS: OGJ150 | OGFJ100P
    COMPANIES | OIL MARKET WATCH

    Schlumberger

    (SLB)

    Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production.

    News, Products and Stock Info

    DW discusses evolution of subsea EPC

    07/27/2015

    Douglas-Westwood has provided commentary on the evolution of subsea engineering, procurement, and construction in the company’s DW Monday report for July 27.

    IHS: Oil price decline slows growth of oilfield chemicals market

    07/14/2015 Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oilfield specialty chemicals at the service company level reached $25...

    Key Energy Services names Drummond as president and COO

    06/23/2015 Key Energy Services Inc. (NYSE: KEG) says that Robert Drummond has joined the company as president and COO. With Drummond assuming the role of president, Richard J. Alario will remain Key's chairma...

    IWCF appoints Conroy as first chief technical officer

    06/08/2015

    The International Well Control Forum (IWCF), an independent organization that sets international well control standards, has appointed David Conroy as its first chief technical officer. 

    Circle Oil appoints new CEO

    05/29/2015

    Circle Oil Plc has appointed Mitchell Robert Flegg as CEO and a director of the company, effective June 1.

    OneSubsea awarded $330M contract for subsea production system offshore North Africa

    05/29/2015

    OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $330 million for a gas project offshore North Africa.

    FMC Technologies names Pferdehirt as president

    05/13/2015

    FMC Technologies Inc. has appointed Douglas J. Pferdehirt as president of the company. Pferdehirt assumes this responsibility from John T. Gremp, who remains chairman and CEO.

    DW: Industry layoffs contributing to another lost generation?

    05/04/2015 Douglas-Westwood’s May 4 edition of DW Monday comments on how current oil and gas industry layoffs may be leading to another lost generation of workers, reminiscent of the shortage of experienced w...

    Schlumberger to lay off 11,000 employees

    04/16/2015

    Due to the effects of low oil prices on the market, Schlumberger Ltd. will soon be laying off approximately 11,000 employees.  

    Cameron appoints Rounce to new executive role

    04/01/2015

    Justin Rounce has assumed the newly created role of vice president of marketing and chief technology officer for Cameron, effective March 23. 

    Schlumberger Website

    http://www.slb.com/

     

    OGJ150

    Gulfport Energy names Gaydosik CFO

    Jul 10, 2014 Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil &...

    Revenue, net income show small increases in 4Q2012

    May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

    Helix completes sale of oil and gas business

    Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

    Revenue, net income drop sharply in 3Q12

    Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

    WPX Energy makes natural gas discovery in Niobrara formation

    Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

    OGFJ100P

    Private company update

    Jul 8, 2015 Independent research firm IHS has provided OGFJ with updated production data for the OGFJ100P periodic ranking of US-based private E&P companie...

    Private company update

    Apr 10, 2015 Independent research firm IHS has provided OGFJ with updated production data for our OGFJ100P periodic ranking of US-based private E&P companie...

    LLOG makes deepwater Gulf of Mexico discovery

    Oct 23, 2014 Covington, LA-based LLOG Exploration and its partner, Ridgewood Energy, drilled a successful exploration test at the Mississippi Canyon 79 “Otis” p...

    Vantage Energy files for $400M IPO

    Jul 8, 2014

    Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

    Rock Oil increases capital commitment, adds to management

    Jun 10, 2014 Wells Fargo Energy Capital and BNP Paribas have made investments and capital commitments to Rock Oil Holdings LLC. In addition, Rock Oil has named ...

    Oil & Gas Companies

    Saudi Aramco restructures with creation of supreme board

    Following the January death of Saudi Arabia’s King Abdullah, the country has been reorganizing its energy industry, and this process has included the creation of a supreme board to oversee state-run Saudi Aramco, according to Bloomberg.   &nb...

    LINN plans to close Denver office, eliminate positions

    LINN Energy plans to eliminate 55 positions in Denver, Colorado, and close its office there, according to Fuel Fix, which reported that LINN stated its intentions in a letter to the Colorado Department of Labor and Employment.

    Petrobras discovers oil and gas in Amazon and Espírito Santos basins

    Petróleo Brasileiro SA (Petrobras) has confirmed the discoveries of oil and gas accumulations in Brazil’s Amazon and Espírito Santos basins.

    Gunvor Group to withdraw petition for PA Resources bankruptcy

    Gunvor Group has informed the company that it intends to withdraw its petition for bankruptcy in PA Resources AB.

    Statoil makes second gas discovery in Aasta Hansteen area

    Operator Statoil has, together with PL602 partners, made a gas discovery in the Roald Rygg prospect in the Norwegian Sea. This is the second Statoil discovery in the Aasta Hansteen area in 2015.

    IFR forms subsidiary for Mexico oil and gas initiative

    International Frontier Resources Corp. has formed a Mexican subsidiary, Petro Frontera SAPI de CV, that will allow for the study of, and bidding on, assets in Mexico's initial oil and gas Energy Reform bid round in 2015; the acquisition and partic...

    Calvalley to liquidate due to crisis in Yemen

    Calvalley Petroleum Inc.’s board of directors has decided to restructure and liquidate the company. Subsequently, Calvalley will enter into an arrangement agreement with Calvalley Energy Ltd. (CVE), a wholly owned subsidiary of Calvalley organized...