Oilfield services provider Schlumberger Ltd. reporting a nearly 13 percent jump in profit driven by robust spending among customers searching for new sources of crude and natural gas. Unless the global economy goes into the tank, Schlumberger said it expects continued brisk spending on exploration and production as energy companies try to benefit from high [...]

Baker Hughes Inc. never stopped counting oil rigs in North Dakota, but in 1998 the company removed the state from its list of those with major drilling activity. The list is widely disseminated by the media.
Baker Hughes at the time cited a lack of drilling in North Dakota. The company does not have figures for [...]

The number of rigs actively exploring for oil and natural gas in the United States rose by six this week to 1,928. A year ago, the rig count stood at 1,790.
Of the major oil- and gas-producing states, Texas gained 14 rigs, Oklahoma added five and Alaska and California each gained one. Louisiana lost nine rigs, [...]

Superior Well Services, Inc told the press about the latest news saying that it purchased substantially all of the operating assets of Nuex Wireline, Inc. (”Nuex”) for approximately $6.0 million in cash. Nuex provides cased hole completion services. The operating assets include 5 cased hole trucks and various tools and logging systems that are compatible [...]

Baker Hughes Incorporated announced that the company is providing corrected information for regional operating profit before tax for its Middle East Asia Pacific (MEAP) and Europe, Africa, Russia, Caspian (EARC) regions for the thirteen quarters from the quarter ending March 31, 2005 through the quarter ended March 31, 2008 and is identified on the attached [...]

Schlumberger Ltd announced that its shares jumped Friday after the oilfield services provider said its second-quarter profit rose 13 percent and issued a bullish outlook. Analysts praised the results. The stock rose $4.72, or 4.9 percent, to $101.50 in late-morning trading.
The Houston-based company said high oil and natural gas prices led to heavier spending [...]

Schlumberger Ltd told the press that a better-than-expected jump in quarterly profit on Friday and the world’s largest oilfield services company gave an upbeat outlook for energy companies’ spending on oil and gas exploration that helped push its shares up 4 percent. Schlumberger Chief Executive, Andrew Gould, Citing customer response to higher prices, he repeated [...]

Precision Drilling Trust’s released a report that its cash distribution has been approved by the board of trustees of $0.13 per trust unit of Precision. The distribution will be payable on August 15, 2008 to unitholders of record on July 31, 2008. The ex-distribution date is July 29, 2008. Holders of Class B limited partnership [...]

Bonanza Oil and Gas Inc, a Nevada Corporation and an independent oil and gas company, is pleased to announce the merger between Bonanza Oil and Gas, Inc. and Black Pearl Energy, Inc. As a result of the merger, Black Pearl Energy, Inc. merged into a wholly owned subsidiary of Bonanza Oil & Gas, Inc. with [...]

GeoGlobal Resources Inc told the press that on June 10, 2008 and June 27, 2008, respectively, it filed with the US Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2008. Concurrently, it [...]