Baker Hughes: U.S. Oil Drillers Cut Rigs Again
U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row after drilling slowed for nine straight months as independent producers cut…
Schlumberger Names New CEO, Tops Revenue
Schlumberger NV said on Friday Chief Operating Officer Olivier Le Peuch will replace longtime Chief Executive Officer Paal Kibsgaard, as the company looks to shore up its…
US Shale Producers Curb 2019 Spending
U.S. shale producers are slamming the brakes on next year's drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases…
Shale Innovator Mark Papa Joins Schlumberger Board
Oilfield services company Schlumberger NV has appointed shale pioneer Mark Papa and energy researcher Tatiana Mitrova to its board of directors, according to a filing on Monday with the U.S.
US Shale CEOs Meet with Saudi Aramco Board
Two of the U.S.
Pressured for Profit, Oil Majors Bet Big on Shale Technology
Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once - without ever setting foot on a rig. Part of a team working to cut the cost of drilling a new shale well by a third…
Growing U.S. Shale Activity Confounds OPEC
As oilfield workers for Lilis Energy Inc threaded together drill pipes one recent morning in the Permian Basin, a bulldozer cleared sagebrush to make way for the company's fifth well since January.
Private Equity Mulls U.S. Energy IPOs
Private equity funds are looking to sell shares in two U.S. energy companies, people familiar with the plans said this week, deals that could end a year-long drought for…
Silver Run Takes Majority Stake in Oil Producer Centennial
Silver Run Acquisition Corp, run by energy industry veteran Mark Papa, said on Friday it had taken a controlling stake in oil producer Centennial Resource Development LLC…
Oil Industry: Climate Deal a Chance to Innovate
If a crisis is a terrible thing to waste, the oil industry sees the Paris climate accord not as a death knell, but an opportunity to innovate and even grow. The move is…
U.S. Shale Oil Needs $80 to Grow
U.S. oil production growth will stop this month and begin to decline early next year due to low oil prices, the former head of oil firm EOG Resources, Mark Papa, said on Tuesday. Papa, now a partner at U.S.
