Energy Industry Intel & Commentary
Over the years, technology has played a heralded role in the oil and gas industry. It still does today. Pick up any trade publication and chances are you’ll find at least one well-worn tribute to its importance. Yet, the fixation on hi-tech hasn’t been without problems. It’s even been value-destroying at times. We’d argue the industry’s intractable struggle …
Sooner or later nations—their leaders and voters—are going to have to fully wake up to the fact that climate change simply isn’t the immediately solvable crisis they were led to believe. And that means we need to adjust how we approach and respond to it.
When it comes to shaping the public’s views, it’s fair to say climate fanaticism—and the lens through which it sees the world—is prevailing.
As the oil and gas sector stirs with a hopeful sense of purpose, several of its largest and most influential suppliers are pursuing distinctly different strategies. It’s not just about which products and services will propel the industry forward. To some extent, the balance of power between providers and customers is at stake. On one end of the …
Continue reading “Integrated Oilfield Suppliers Plot Divergent Paths”
GE Oil & Gas and Baker Hughes shocked the oil and gas world with the announcement they will come together to create the industry’s number two supplier. From a financial standpoint, the transaction is effectively an acquisition of Baker Hughes by GE. In practical terms, it’s more like a merger. Both companies will contribute their …
Continue reading “GE Deal Offers Baker Hughes a New Beginning”
Schlumberger’s bid for Cameron Int’l is big news in a flinching industry. The vision behind the deal is ambitious — even a bit brash. It’s more than just the consolidation of two large oilfield suppliers. The technical aspects of the plan could unleash industry ripples for decades to come. Cameron’s long-time focus has been on …
For many, the misfortune and missteps that have befallen Transocean in recent years have been painful to watch. The bludgeoning began with fallout from the company’s role in the Macondo disaster. Since then, the formerly top-rated offshore driller in EnergyPoint’s surveys has been waylaid by internal and external setbacks — poorly timed investments, credit downgrades, …
Continue reading “Can a Struggling Transocean Reclaim Its Edge?”
If the devil lies in the details when it comes to Halliburton making its acquisition of Baker Hughes work for stakeholders, so might the opportunity. We’ve pointed out in the past the convergence of performance as seen by customers among the industry’s largest suppliers. We see elements of this same effect in the latest customer …
Continue reading “Halliburton & Baker Hughes: The Devil’s in the Details”
Each of the major segment winners in EnergyPoint Research’s 2013 survey garnered high praise from oilfield customers for their long-standing commitment to quality, performance and customer satisfaction. The annual Oilfield Products & Services Customer Satisfaction Survey, conducted for the last decade, tracks the performance of oilfield suppliers in meeting the needs of the industry. The …
Continue reading “Ensco, Vallourec, Newpark and H&P Grab Top Spots”
FMC Technologies, a leading oil equipment company, consistently outranks its peer-group average in EnergyPoint Research’s customer satisfaction surveys. The company has grown into a dominant player over the years partly on the strength of a vigorous research and development program that began bearing fruit in time for today’s exuberant revival of subsea drilling and development. …
Continue reading “FMC Technologies An Oil Equipment Company To Watch”