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Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
On Thursday, West Texas Intermediate rose about 1% to hover above $74 per barrel, while Brent traded near $77. Both contracts are up roughly 10% and 8%, respectively, since early December.
NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas.It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
This category includes articles on companies that provide services to the petroleum exploration and production industry but that do not typically produce petroleum themselves. Energy portal Subcategories
The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on ...
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Diamondback Energy, Inc. is an American company engaged in hydrocarbon exploration headquartered in Midland, Texas. As of December 31, 2020, the company had 1,788 million barrels of oil equivalent (1.094 × 10 10 GJ) of estimated proved reserves, of which 52% was petroleum, 24% was natural gas, and 24% was natural gas liquids.
Weatherford International plc is an American multinational oilfield service company, [2] headquartered in the US and operating in 75 countries globally across the oil and natural gas producing regions. [3] The company provides technical equipment and services used for drilling, evaluation, completion, production, and intervention on gas and oil ...