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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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  • Published every 3 weeks; 17+ issues per year
  • Covers drilling rigs, field services, completions, equipment, OFS performance, supply, costs
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    rigs & equipment for sale
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News Date
Shareholders sign off on Transocean-Ocean Rig merger
Transocean closed its acquisition of Ocean Rig UDW, creating a company with a fleet of 57 floaters. Ocean Rig brings to Transocean nine high-spec ultra-deepwater drillships, with two more under...
Dec 12, 2018
Tidewater completes combo with GulfMark to create OSV giant
Tidewater Inc. and GulfMark Offshore completed their merger, creating the largest global offshore support vessel fleet. GulfMark shareholders now have 26% of the combined company after receiving 1.1...
Dec 12, 2018
BHGE predicts new subsea system will slash project costs
Baker Hughes, a GE company launched Subsea Connect, its new approach to subsea development, from planning to equipment to digital solutions to maximize uptime. BHGE said Subsea Connect can reduced...
Dec 12, 2018
Trican Well Service sells its shares in Keane Group
Trican Well Service sold its remaining stake in Keane Group and expects to net $56 million. Houston-based fracker Keane repurchased about 10% of the 5.25 million shares sold but received no proceeds...
Dec 12, 2018
McDermott issues first preferred stock in 20 years
McDermott International placed $300 million of 12% redeemable preferred stock and warrants with funds managed by Goldman Sachs’ merchant banking division. The preferred equity placement was...
Dec 11, 2018
Hyduke looks for options as subsidiary goes bankrupt
A Hyduke Energy Services subsidiary filed for bankruptcy while the parent company attempts to reinvent itself. The Alberta-based steel fabricator has listed for sale its headquarters and main...
Dec 11, 2018
Forum replaces CEO with chairman after 18 months
Forum Energy Technologies chairman Christopher Gaut is returning to the CEO position that he held from 2010 to May 2017. He replaces Prady Iyyanki, who was Forum’s COO before being elevated 18 months...
Dec 11, 2018
OFS - Analyst Notes - December 11, 2018
Weatherford (NYSE: WFT; Nov. 16—$0.85; Overperform to Market Perform) While we still remain confident that oil prices head higher over the next few years, and WFT FCF will outperform...
Dec 11, 2018
OFS - People & Companies - December 11, 2018
 Halliburton CFO Chris Weber has left the company to pursue other opportunities after just over a year in the post. Weber joined Halliburton in June 2017 from Parker Drilling where he had been...
Dec 11, 2018
OFS - A&D Briefs - December 11, 2018
 Weatherford International completed the sale of its Precision Drilling Services Saudi Arabia, including 11 land drilling rigs and associated customer contracts, to ADES International for $92.5...
Dec 11, 2018

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