Author: Chris Mathews

Waste Management spent more than $200 million on acquisitions during Q3, including in Arizona and Indiana.

Owen Kratz, president and CEO of Helix, said the firm’s bottom line was negatively impacted by the strengthening U.S. dollar impacting its foreign operating results, which generated unrealized non-cash foreign currency losses during Q3.

“It is clear to us that last cycle’s playbook did not work, and we do not intend to repeat the growth-at-all-cost strategy the industry has taken in prior cycles,” said Robert Drummond, president and CEO of NexTier

Anthony Petrello, chairman, president and CEO of Nabors, said the company expects additional rig growth from its largest customers through the end of 2022 and a high utilization of its drilling rigs throughout 2023.

“Given the strong free cash flow generation profile of our portfolio, we feel confident that we can continue to invest in our business to support strong organic growth, make strategic technology investments and meet our capital return commitments,” sai…

“The overall macro-environment for the sector continues to be supported by strong fundamentals, despite inflationary and geopolitical headwinds,” President and CEO Girish Saligram said.

Halliburton CEO Jeff Miller argues years of underinvestment in the oil and gas industry have led to a global supply shortage.

Schlumberger and nearly all of its affiliated brands will be organized under the new “SLB” brand.

In a recently completed field study, Cemvita used its oil-eating microbes to produce carbon-neutral hydrogen from a depleted oil well in the Permian Basin. The company has subsequently created a hydrogen-focused subsidiary, Gold H2 LLC, to scale its pr…

“International revenue also exceeded third-quarter 2019 levels, on a rig count that is still approximately 25% lower than in 2019,” Schlumberger CEO Olivier Le Peuch said.