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Coronavirus: Pressure grows to re-open factories

2020-02-07 23:36:37| BBC News | Business | UK Edition

Global firms are waiting for China to re-start production to avoid further disruptions.

Innovation Grows Exponentially For Downhole Drilling Tools

2020-02-03 13:00:00| OGI

The latest in rotary steerable systems, drillbits, expandable liners, LWD and unconventional logging tools is cutting costs and providing valuable downhole data to operators.

Tags: tools innovation grows drilling

Facebook grows profit 7% in Q4 after sharp rise in operating costs, taxes

2020-01-29 22:52:00| Telecompaper Headlines

(Telecompaper) Facebook reported a stronger increase in costs than revenue in the fourth quarter, leading to a slowdown in its profit growth. Revenues were up 25 percent to USD 21.1 billion, while operating costs jumped 34 percent to USD 12.2 billion. Along with a sharp increase in taxes, net profit rose just 7 percent, to USD 7.3 billion or USD 2.56 per share.

Tags: costs operating rise profit

Exxon Mobil Grows Guyana Oil Find Estimates To More Than 8 Bboe

2020-01-27 14:48:56| OGI

The company said Jan. 27 that the Uaru exploration well made the 16th discovery on the block, hitting about 29 m (94 ft) of high-quality oil-bearing sandstone reservoir.

Tags: find oil mobil estimates