Is C&J Energy Services/Keane Merger the Start of Oilfield Services Sector Consolidation?
On June 17, 2019, C&J Energy Services and Keane Group announced a $1.8-billion all-stock merger agreement, with the assumption of $225 million in debt. The...
Oil and Gas News
Well Intervention Market to Reach US$12.5 Billion by 2026, Increasing Investment in Offshore Assets to Drive Growth
The global well intervention market will gain significantly from the increasing demand for oil and gas from offshore areas. As per the report in 2018,...
U.S. Becomes a Net Exporter of Crude Oil
by Alex Mills
Not very long ago, the U.S. imported vast amounts of oil from all over the world. Most of it came from countries that were a...
Quorum Software Acquires Archeio Technologies
HOUSTON – Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, announced today that it...
Oil and Gas Industry Gearing Up for Robotics Adoption to Drive Productivity and Efficiency
The oil and gas industry is gearing up to deploy robotics across a wide range of applications in the upstream, midstream and downstream segments, primarily...
Oilfield Service Market to Rise Sustainably at 3.7% CAGR with Growing E&P Activities across Onshore and Offshore Areas
The onshore segment is expected to undergo a declining phase during the forecast period 2018-2026. On the flip side, the offshore segment is projected to...
Policymakers Increasingly Intolerant of Criminal Activity Targeting Critical Infrastructure
In recent years, we’ve watched as environmental activists have adopted more aggressive tactics designed to block the development of infrastructure projects that benefit our nation,...
100-Year Celebration of KMA Oilfield Slated
by Alex Mills
The oil and gas industry has been the driving force behind commerce, culture and community throughout Texas for more than a century. The early days...
Have Crude Oil Prices Peaked?
by Ryan Dusek
It goes without saying benchmark West Texas Intermediate (“WTI”) crude oil prices have been on a wild ride over the past seven to eight months....
Prospects for Oil Boom Dimmed by Tank Truck Driver Shortage
St. Petersburg, FL — Due to an acute shortage of tanker truck drivers in the oil-rich Permian Basin region of western Texas, U.S. U.S. shale...