Halliburton posts Q3 profit as drilling rebounds, eyes jump in customer spending
Oct 19 (Reuters) - U.S. oilfield firm Halliburton Co (HAL.N) on Tuesday posted its third consecutive quarterly profit and said customer spending in the United States could jump 20% next year, as stronger oil prices and drilling activity boost demand for services and equipment.
U.S. Oil Rig Count Climbs In Lockstep With Crude Prices
The number of oil and gas rigs in the United States rose by 10 this week, according to Baker Hughes, bringing the total number of additions since the start of the summer to 95.
The number of oil and gas rigs in the United States rose by 5 this week, according to Baker Hughes, bringing the total number of additions since the start of the summer to 85.
"Six times more expensive than last year": US shale activity builds as gas prices threaten Euro shutdowns
Oil prices remain within shouting distance of the US$80 per barrel mark while high gas and electricity prices might force European manufacturers to temporarily shut down plants to conserve fuel this winter.
U.S. July production increased by 31 kb/d to 11,307 kb/d from June only because June was revised down from 11,307 kb/d in the August report to 11,276 kb/d in this report.
U.S. Drillers Add More Rigs Amid Rising Oil Prices
The number of oil and gas rigs in the United States rose by 7 this week, according to Baker Hughes, bringing the total additions over the last four weeks to 31.
U.S. June production was essentially flat, only down by 5 kb/d from May. The revision to May was a surprise. May was revised up by 81 kb/d to 11,312 kb/d.
Frac Spread Counts To Continue Steady Rise As Oil Market Rebalances
HOUSTON–The U.S. completion market has seen a robust recovery off the bottom in 2020, with frac spreads leading the charge higher. We believed that companies wanted to limit 2020 decline curves at 10%-15% (final was about 13%), making it easier to stem declines in 2021 and get back to stable growth.
Big Oil and the energy transition: Can profitability be sustained?
BP joined rivals Shell, Chevron and TotalEnergies in rewarding investors with share buybacks last week as rebounding crude-oil prices carried earnings and cash flow to pre-pandemic levels.
Oil Slumps as Market Ignores U.S. Draw to Focus on UAE `No-Deal`
OPEC+ sources, speaking anonymously, told the media on Wednesday that the standoff over August production quotas between the United Arab Emirates and Saudi Arabia had been resolved as the two had apparently reached a deal.