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Serving the oilfield service sector with news, analysis and business opportunities.

PLS publishes news and analysis on the oilfield service sector through its OFS module. The gold banner report, published every 3 to 4 weeks, covers the active sector with news and analysis on drilling, completions, field operations and technology.

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News Date
Stallion buys up Al’s potable water services in PA
Stallion Oilfield Services acquired Al’s Water Service, a provider of potable water transportation and services to industries. Al’s is based in Washington, PA, which will enable Stallion to...
Feb 12, 2018
Technip FMC buys majority stake in Island RLWI sub
TechnipFMC agreed to acquire a 51% stake in a subsidiary of Island Offshore that offers riserless light well intervention (RLWI) project management and engineering services for plug &...
Feb 12, 2018
Transocean completes acquisition of Songa Offshore
Transocean wrapped up its $3.4 billion acquisition of Songa Offshore, buying 97.5% of Songa shares, and will initiate a compulsory acquisition of the remainder. The transaction completes 12 months of...
Feb 12, 2018
Statoil to pay $10-15MM for West Hercules’ labor
Statoil contracted North Atlantic Norway’s West Hercules semisubmersible rig for drilling two exploration wells in the Barents Sea in 2018 with options to drill another five exploration wells. The...
Feb 12, 2018
Mammoth sub signs $245MM extension in Puerto Rico
A Mammoth Energy Services infrastructure subsidiary has doubled the size of its contract to repair the electrical grid in Puerto Rico as the island continues to recover from Hurricane Maria. The...
Feb 12, 2018
Statoil contracts Aker Solutions for subsea systems
Statoil awarded contracts for subsea production systems and services for the Troll Phase 3 project in the North Sea and the Askeladd project in the Barents Sea to Aker Solutions. The two contracts...
Feb 12, 2018
Trinidad Drilling moving 8 rigs to Permian Basin
Trinidad Drilling Ltd. is moving eight rigs to the Permian Basin in response to increased customer demand, moving three from Saudi Arabia and the rest from other US and Canada sites. The rigs brought...
Feb 12, 2018
US industrial sand production grew faster than pricing
The volume of US industrial sand and gravel mining in 2017 increased by 35% YOY to an estimated 105 million tonnes, the highest total since 2014, according to the US Geological Survey. Increased...
Feb 12, 2018
BHGE expects $700MM in synergies even without GE
Baker Hughes a GE company is already preparing for its independence as General Electric looks for divestment options. But BHGE shared no new details at its 4Q17 earnings conference call about how or...
Feb 12, 2018
Core Labs 4Q17 results show companies seeking hi-tech
Core Laboratories operating margins increased 400 basis points YOY in 4Q17 and 200 bps sequentially to 19%. The improving margins came from clients seeking higher-technology services and products,...
Feb 12, 2018

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