North American Blue Energy Partners (NABEP) is deploying 11 new 550-hp workover rigs in Venezuela. According to the company, they are the first new mobile repair-and-maintenance rigs to operate in the country’s oil fields in more than 15 years. Two new 1,500-hp drilling rigs also arrived on Oct. 7, and NABEP said more equipment is […]
Halliburton reported second-quarter 2026 revenue of $5.7 billion, up from $5.4 billion in the first quarter, as stronger North American stimulation and well construction activity helped drive sequential growth. Net income totaled $534 million, or $0.64 per diluted share, while operating income increased to $778 million. Chairman, President and CEO Jeff Miller said the company expects continued momentum in […]
Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources in a $16.4-billion deal that will add roughly 370,000 barrels of oil equivalent per day to production and strengthen the supermajor’s position in one of the continent’s most strategic gas corridors. The acquisition gives Shell […]