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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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  • Increase understanding of field services & infrastructure
  • Published every 3 weeks; 17+ issues per year
  • Covers drilling rigs, field services, completions, equipment, OFS performance, supply, costs
  • Includes properties, oilfield services,
    rigs & equipment for sale
  • Incl discounts for other PLS products & events

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News Date
OFS - Analyst Notes - October 02, 2018
Stifel analyst finds plenty of buys in OFS Stifel’s Stephen Gengaro argues that that near-term concern is no reason to eschew oilfield-services stocks. He predicts a strong growth to...
Oct 02, 2018
Frac sand starts to cool off as Q3 wraps up
After two years of explosive growth, the frac sand industry is finally losing momentum. Covia Holdings and Hi-Crush Partners idled facilities citing changing market dynamics. Some analysts...
Oct 02, 2018
GE replaces CEO but no changes announced for BHGE
General Electric ousted Chairman and CEO John Flannery after just over a year in the role, replacing him with Lawrence Culp Jr., who previously led Danaher Corp. Flannery’s tenure included mixed...
Oct 02, 2018
Noble buys jackup with at least 3 years of work lined up
Noble Corp. purchased a new Gusto MSC CJ46 design jackup from the PaxOcean Group and was awarded a three-year drilling contract in the Middle East. The company also has an option for the purchase of...
Oct 02, 2018
Tenaris agrees to buy 48% stake in Saudi Steel Pipe
Tenaris agreed to acquire 47.79% of the shares in Saudi Steel Pipe, a welded steel producer, from a private group for $144 million. The acquisition expands the pipemaker’s industrial presence in the...
Oct 02, 2018
Akita Drilling completes $158MM acquisition of Xtreme
AKITA Drilling acquired all of the issued and outstanding common shares of Xtreme Drilling, completing the C$209 million (US$158 million) transaction. The combination creates a North American land...
Oct 02, 2018
Aker and TechnipFMC add to subsea cooperation with Equinor
Aker Solutions and TechnipFMC signed two collaboration agreements for subsea equipment and services on the Norwegian continental shelf and beyond with Equinor, which operates close to 600 subsea...
Oct 02, 2018
OFS - Contracts Briefs - October 02, 2018
Seadrill Partners secured a onewell contract with multiple options with ExxonMobil for the semi-submersible West Aquarius in Canada. Backlog for the firm portion of the contract is expected to be $24...
Oct 02, 2018
OFS - People Briefs - October 02, 2018
Calgary-based Precision Drilling Corp. added David Williams to its board of directors. Williams served as CEO of Noble Corp. from January 2008 to January 2018. Prior to joining Noble in 2006,...
Oct 02, 2018
OFS - A&D News Briefs - October 02, 2018
Gulf Island Fabrication agreed to sell its North Yard facilities in Aransas Pass, Texas, to an undisclosed buyer for $28 million. The sale, which includes certain associated equipment but...
Oct 02, 2018

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