Halliburton Reduced Net Profit in the First Quarter by 7%
American oilfield services company Halliburton Co. reduced net profit in the first quarter by 7%, although revenue grew by 2%. As stated in the company’s press release, its net profit in January-March amounted to $606 million compared to $651 million for the same period the previous year. Earnings per share …
Oilfield Service Company SLB Increased Net Profit by 14% in the First Quarter
US oil services company SLB (formerly Schlumberger) increased its net profit by 14.4% in the first quarter of 2024, driven by growth in international markets. Net income in the January-March period was $1.068 billion, or 74 cents per share, compared with $934 million, or 65 cents per share, in the …
SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025
Revenue of $8.71 billion increased 13% year on year GAAP EPS of $0.74 increased 14% year on year EPS, excluding charges and credits, of $0.75 increased 19% year on year Net income attributable to SLB of $1.07 billion increased 14% year on year Adjusted EBITDA of $2.06 billion increased 15% …
The Division of the TAGRAS Holding for the First Time Received an Influx of Oil from the Anomalous Bazhen to the Khanty-Mansi Autonomous Okrug
The TNG-Group company received an influx of oil from the Zaozernaya well No. 1 in the Khanty-Mansiysk Autonomous Okrug – Ugra. The project was implemented by order of the Federal State Budgetary Institution “All-Russian Research Geological Petroleum Institute” on the basis of a state assignment from the Federal Agency for …
IT Program Consolidates Pressure Analysis in Wells
Artificial intelligence optimizes the collection and processing of information from many objects simultaneously. In modern conditions, when developing oil fields, it is important to know the current pressure at the bottom of the well. This allows us to judge the serviceability of downhole pumping equipment (DPE) and the performance of …
Oil Field Services Under Restrictions
The RPI company analyzed the Russian well workover market. According to expert estimates, the well workover (WW) segment is the second largest in terms of money in the oilfield services market, after the production drilling segment. Its share in recent years has been in the range of 10-13% of the …
Oil Service TagraS-Holding Earned 82 Billion Rubles in a Year
The revenue of the oil service holding “TAGRAS” (Almetyevsk) at the end of 2023 increased by 6% – to 82 billion rubles. Investments amounted to 6.7 billion rubles. The Devon News Agency learned about this from the materials of TagraS-Holding. At the same time, the largest division, TNG-Group, earned 21.6 …
The Net Profit of the Oil Service “OFS Technology” Tripled in 2023
The company noted that positive dynamics were achieved due to several factors – increasing activity on current projects and implementing new projects. The net profit of the oil service company OFS Technologies (formerly Baker Hughes in Russia) grew to 6.4 billion rubles in 2023, the company reported. This is more …
Izhevsk Plant Localizes Hydraulic Equipment in Tatarstan
The PromGidravlika-S company from Udmurtia is going to localize the production of hydraulic equipment in Naberezhnye Chelny or Kazan. The director of the company, Alexey LIKHACHEV, spoke about this at a meeting of the Scientific and Technical Council of Tatneftekhiminvest-Holding JSC (Kazan). The company produces hydraulic cylinders for oil production, …
A New Way To Revive Wells Has Been Found
Tatneft drills sidetracks on a casing liner without conducting geophysical research. Today, many of Tatneft’s fields in Tatarstan are at a late stage of development. There are a number of problems associated with this. Among them are the aging of the operating stock, a high degree of depletion of reserves …