Energy Industry Intel & Commentary
Are positive changes are underway at Nabors Industries? The company, which currently rates Low overall but is trending Upward in EnergyPoint’s oilfield customer satisfaction ratings, seems to be undergoing a cultural and strategic transformation under the leadership of Tony Petrello, who recently replaced Gene Isenberg as CEO. As COO, Petrello was seen by many as complicit …
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Horizontal drilling, multi-stage fracturing and other innovative technologies have forever changed both economics and mechanics underlying oil and gas development in U.S. onshore markets. Moreover, it’s looking increasingly like these methods will spread to other parts of the globe. Unlike for certain other segments, suppliers deserve much of the credit for today’s shale renaissance. And that’s …
In the wake of the BP Macondo Gulf of Mexico oil spill, the oil and gas industry is, and will remain for years to come, under the microscope. And it’s not only politicians and environmentalists peering through the crude-stained eyepiece. The gawking multitudes this time include the media, investors, John Q. Public, and even industry …
It doesn’t take long for even the most casual observer to understand the role health, safety and environmental (HSE) plays in the relationship between customers and suppliers in the oil and gas industry. Put simply, HSE performance is the first and last factor many consider when selecting an oilfield supplier. In general, EnergyPoint’s data indicate …
Demand for North American (NAM) land-drilling services has leveled off for the time being. A warm first half of winter and expectations for shoulder-month reductions in gas demand have given many producers pause regarding their drilling programs. We believe a modest slowdown in activity could prove a blessing in disguise for many drillers, who could …