Halliburton

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While it’s been said before, the US oil and gas production renaissance is nothing short of astonishing in terms of incremental volumetric production growth and the speed with which it occurred. It is interesting to drill down into new market developments that have manifested as a result of the production boom, like the emergence of… Keep reading →

Greenland:  A Laboratory For The Symptoms Of Global Warming

Ed. note: This is a new weekly column by Elie Mystal, Managing Editor of Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. OVER-REGULATED Chinese Diplomacy: Let me get this straight: our new “deal” with China involves the U.S. agreeing to… Keep reading →

Rio Hosts Annual Oil And Gas Conference

News broke late last week the world’s second and third largest oil field services providers Halliburton and Baker Hughes were in merger negotiations. The combined company would more effectively compete with Schlumberger, the world’s largest oilfield service company. The deal briefly went hostile when it was reported over the weekend that Halliburton would make a… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

The Wall Street Journal reported late Thursday that oil services giants Halliburton and Baker Hughes were involved in “quickly progressing” merger negotiations, which caused shares of both firms to jump. “The Journal, citing unidentified people familiar with the matter, said talks were progressing quickly and a deal could come soon.” [Fuel Fix] A new study using… Keep reading →

Halliburton Co. in Fort Worth, Texas

As US- and EU-led economic sanctions against Russian energy players crank up, the degree to which Western interests could be collaterally damaged is again being called into question. The EU has shied away from sanctioning Russian gas industry participants because the bloc is so reliant on Russian gas supply, but oil market pressure could also… Keep reading →

Firstfrack

Happy birthday, fracking! What a fantastic, 65-year ride it has been – and here’s to another 65 years and more. Advanced hydraulic fracturing and horizontal drilling launched an oil and natural gas renaissance in this country – bringing dynamic job creation, economic stimulus that radiates well beyond the oil and natural gas industry proper and… Keep reading →

Stocks Look To Open Higher To Start The Week

MarketWatch has compiled a list of hedge funds’ top ten energy stocks as of the end of June. On the list are Anadarko – which yesterday announced the sale of 10% of Mozambique Offshore Area 1 to India’s ONGC for $2.64 bln – as well as Occidental, Hess, and oilfield services firms Schlumberger and Halliburton.… Keep reading →

Senate Democrats Hold Hearing On Contractors In Iraq

Some of the world’s leading oil field service companies are accused of anticompetitive behavior in which the firms allegedly colluded to manipulate the hydraulic fracturing services market. The companies face a class action lawsuit under the Sherman Antitrust Act. “The class action complaint alleges that major oilfield services companies conspired to manipulate the market for… Keep reading →

PHILIPPINES-ECONOMY-FOREX

Cost estimates for various methods of wastewater disposal and recycling vary, depending on both the reservoir in question, and the information source. A seven-well recycling and reuse program using electrocoagulation in Eddy County, New Mexico, substituted over 8 million gallons of produced water for fresh water, and saved $70,000-$100,000 per well in water management costs, according… Keep reading →


The largest energy services companies are set to benefit from a focus on oil drilling in the US as the shale oil boom in North America continues, analysts at Barclays claim, even as drilling for natural gas in shale – largely an “efficiency game” – becomes commoditized.

Much has been made of the boom in development of both oil and natural gas fields in the US, stemming from advances in the efficiency and deployment of hydraulic fracturing. That technological advance has created a price dynamic that weighs on the very industry that has taken advantage of it, while comparatively high global oil prices have made drilling for crude – a more complicated business – more attractive. Keep reading →

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