US Oilfield Service Firm SLB Says it Can Rapidly Boost Venezuela Operations
By and SLB says it is receiving lots of inquiries from customers about Venezuela Company had over $1 billion in annual revenue from Venezuela a decade ago Rival Halliburton has…
US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed…
Libya inks Waha oil expansion deal with TotalEnergies, ConocoPhillips
(Bloomberg) – Libya signed a deal with TotalEnergies SE and ConocoPhillips that would more than double production capacity of their Waha Oil venture, with investments likely to reach $20…
SLB North American Revenue Jumps after ChampionX Acquisition
The acquisition of ChampionX helped the world’s biggest oilfield services provider, SLB (NYSE: SLB), raise its North America revenue by 15% in the fourth quarter versus Q3 despite the softer…
US Control of Venezuela Oil Risks Debt Restructuring Showdown with China
(Reuters) – U.S. control of Venezuela’s oil exports has ensnared barrels that had been servicing debt to China, lining up another potential showdown between the two superpowers that could further…
SLB Beats Quarterly Profit Estimates on Strong North America Activity
(Reuters) – SLB beat Wall Street estimates for fourth-quarter profit on Friday, helped by steady demand for its oilfield equipment and services in North America. U.S. crude production was expected…
US, Kazakhstan Energy Ministries Discuss Cooperation
(Reuters) – Kazakhstan’s energy ministry said on Friday that it had held talks on energy cooperation with the U.S. Department of Energy and the U.S. embassy in the Central Asian…
US Natgas Futures Surge 68% This Week on Frigid Weather Forecasts
(Reuters) – U.S. natural gas futures rose on Friday and has gained over 68% so far this week, lifted by forecasts for extreme cold over the next two weeks that…
North Dakota Oil Production up 12,000 bpd in November vs October to 1,189,000 bpd – State Regulator
(Reuters) – Oil production in North Dakota rose 12,000 barrels-per-day (bpd) to 1,189,000 bpd in November, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production…
How the U.S. Controls Iraq’s Oil Revenues
(Reuters) – The United States, since its 2003 invasion of Iraq, has held effective control over the country’s oil revenue dollars, giving Washington extraordinary leverage over Baghdad’s affairs, with implications…


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