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Liberty Oilfield Services Sees Tepid Recovery After Posting Smaller Loss
2021-02-05 11:20:00| OGI
Liberty Oilfield Services said it expects to maintain about 30 active hydraulic frac fleets in the first quarter of 2021, with the possibility of adding more later in the year if economic conditions improve.
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US Oilfield Services Sector Lost Over 91,000 Jobs Due to Coronavirus
2020-12-08 20:05:00| OGI
Oilfield sector employment rose 0.4% in November as companies sought to balance increasing oil and gas production with the uncertainty caused by a surge in COVID-19 cases.
Report: US Job Losses in Oilfield Services Sector Top 100,000
2020-09-09 11:20:00| OGI
The situation in 2020 is very different than it was in 2015-2016," said Leslie Beyer, president of PESA, when a price war cut into U.S. output.
Parched US Shale Patch Crushes Oilfield Services Sector
2020-08-04 15:25:00| OGI
Schlumberger, Halliburton and Baker Hughes shift focus overseas and away from U.S. shale as domestic revenues dry up.
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Why Outlook for Oilfield Services Sector Is Down, But Not Out
2020-07-10 23:00:00| OGI
Oilfield services companies will need to preserve capital and ride out the storm before they can expect to see an uptick in activity.