CNOOC Limited announced on Monday that the Wenchang 9-7 Oilfield Development Project, located in the western Pearl River Mouth Basin, has commenced production. The main production facility is a new ...

Halliburton this week warned of a second-quarter earnings hit due to tariffs and reduced North American oilfield activity. Baker Hughes projected deeper spending cuts by global producers.

This boost will be attributed to increase in Al-Shaheen, Qatar's largest oilfield. The field has seen multi-phase development plans over the last few years, with $6 billion allocated in the ...

LYU DIANJIE/YANG CHUYI/FOR CHINA DAILY On the morning of April 13, in the vast Gobi Desert in the Junggar Basin, the 17th drilling platform of the Jiqing Operation Area in the Xinjiang Oilfield of ...

Halliburton on Tuesday warned of a second-quarter earnings impact from tariffs and lower oilfield activity in North America as producers evaluate drilling and completions at weak oil prices ...

Halliburton reported lower first-quarter profit on Tuesday, as a slowdown in North American drilling activity weighed on demand and the oilfield services provider recorded a $356 million pre-tax ...

For the Middle East and North Africa (MENA) region’s oilfield services (OFS) sector, the effects are indirect but may be significant if unmitigated by national oil companies (NOCs) and OFS ...

Halliburton HAL-N on Tuesday warned of a second-quarter earnings impact from tariffs and lower oilfield activity in North America as producers evaluate drilling and completions at weak oil prices ...

US tariffs have disrupted global oilfield supply chains, leading to increased costs and prompting shifts in sourcing strategies. Regional MENA oilfield service companies are benefiting from these ...

UK- based engineering consultancy Wood announced on Monday that it has been awarded two new engineering and procurement framework agreements worth $11 million in Iraq by TotalEnergies EP Ratawi Hub as ...

The results next week should provide an insight into how the top three oilfield service companies in the world are dealing with the uncertainty caused by the U.S. trade tariffs and the recent drop in ...