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Halliburton Tumbles on Tepid Revenue Forecast, Middle East Recovery Warning

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

  July 21 (Reuters) – Halliburton  shares fell more than 6% on Tuesday after the U.S. oilfield services provider forecast weaker third-quarter revenue and flagged uncertainty about the ​pace of recovery in the Middle East. The conflict in the Middle East has dominated ‌energy markets this year as a major oil-producing region remained on edge …

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Oil-Service Companies Set to Reveal War’s Impact on Earnings

Conventional Energy, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil, US News / By

ways by Bloomberg AI Halliburton, SLB Ltd., and Baker Hughes Co. are expected to report hits to their bottom line due to the Iran war’s impact. The companies’ earnings reports will offer insight into the path forward in the Middle East and clues on how quickly global oil field activity could rebound in 2027. Investors …

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Weatherford Announces Definitive Agreement to Acquire NCS Multistage, Expanding Completions Portfolio and Unconventional Resource Exposure

Energy Topics & Technology, Latest, Mergers and Acquisitions, OFS-Oilfield Services, Press Releases / By

HOUSTON, June 01, 2026 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) and NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS Multistage”) today announced that Weatherford has entered into a definitive agreement to acquire NCS Multistage. Under the terms of the agreement, NCS Multistage stockholders have an election to receive either Weatherford …

Weatherford Announces Definitive Agreement to Acquire NCS Multistage, Expanding Completions Portfolio and Unconventional Resource Exposure Read More »

EU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26

Energy Topics & Technology, Latest, Mergers and Acquisitions, OFS-Oilfield Services, US News / By

(Reuters) – EU antitrust regulators will decide by June 26 ​whether to clear oilfield services ‌firm Baker Hughes’ $13.6 billion acquisition of Chart Industries, according to a ​European Commission filing. Baker Hughes announced the ​deal in July last year ⁠to boost its presence in ​industrial technology servicing liquefied natural ​gas and data centres and also leverage its industrial …

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OPEC Cuts 2026 Global Oil Demand Growth Forecast

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil / By

Summary OPEC cuts Q2 oil demand forecast by further 500,000 bpd amid Iran war impact OPEC+ output drops by 1.74 million bpd in April on Hormuz closure Raises 2027 demand ​growth prediction by 200,000 bpd to 1.54 million bpd (Reuters) – OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining …

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NEW PIPELINE FEARS ARE POLITICAL, MISGUIDED & OUT OF TOUCH: How Technology, Engineering, and Monitoring Have Transformed Energy Transportation

Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, OFS-Oilfield Services, Oil, Pipelines, US News / By

Over the last 30 years, North America’s oil and natural gas pipeline industry has undergone a major technological transformation. Modern pipelines are dramatically safer, more durable, and more closely monitored than the systems built in the mid-20th century. Advances in metallurgy, welding, leak detection, automation, digital monitoring, and integrity management have significantly reduced the risk …

NEW PIPELINE FEARS ARE POLITICAL, MISGUIDED & OUT OF TOUCH: How Technology, Engineering, and Monitoring Have Transformed Energy Transportation Read More »

Equinor Extends Drilling, Well Services Contracts for $1.8 Billion

CDN and International News, Energy Topics & Technology, Latest, OFS-Oilfield Services / By

  (Reuters) – Norway’s Equinor said on Monday it was extending key ​supplier deals for drilling and well services ‌with a combined value of around 17 billion Norwegian crowns ($1.83 billion) to maintain production from the Norwegian continental ​shelf. The company said in a statement it ​was exercising one-year options under three contracts ⁠for integrated …

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S&P Global Announces New Strategic Direction for Upstream Energy Business

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

Divests its geoscience and petroleum engineering software portfolio to global technology firm SLB in order to sharpen focus on proprietary data and insights Launches Titan, a new customer facing AI-powered platform for upstream data and insights Partners with SLB to distribute S&P Global Energy data and develop new tools NEW YORK, April 24, 2026 /PRNewswire/ …

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SLB Quarterly Profit Slips as Iran War Dents Middle East Oilfield Activity

Conventional Energy, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil, US News / By

The entrance to oilfield service provider SLB’s office in Houston, Texas, showing the former Schlumberger’s new name and logo, is seen in this handout image taken June 2023. Courtesy of SLB/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY./File Photo  (Reuters) – SLB reported a fall in first-quarter profit on …

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Halliburton Beats Profit Estimates on Oilfield Services Demand in Latin America, Europe

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, OFS-Oilfield Services, Oil / By

Halliburton beats profit estimates on oilfield services demand in Latin America, Europe (Reuters) – Halliburton  beat Wall Street estimates for first-quarter profit on Tuesday, as steady demand in Latin America ​and Europe helped offset a slowdown in activity in ‌the Middle East due to the Iran war. Revenue in the U.S. oilfield services provider’s international …

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