Liberty Oilfield Services Inc., which will become North America’s second-biggest fracking provider with the acquisition of a Schlumberger unit, expects to one day topple Halliburton Co. from the No. 1 spot. “Customer demand has told us to grow at this pace, and then deals like this come to us,” Liberty Chief Executive Officer Chris …
The COVID-19 pandemic has left U.S. refineries with a problem. What to do with growing supplies of diesel fuel, a byproduct of refining oil for gasoline. Reports suggest that some refineries aren’t eager to reopen and resume production of gasoline after Hurricane Laura hit the Gulf Coast states last week. Demand for gasoline is …
Schlumberger’s decision to sell its fracking unit is indicative of what has happened to the U.S. oil and gas industry because of the COVID-19 pandemic. The move to eliminate the company’s hydraulic fracturing unit in North America and combine it with public company Liberty Oilfield Services in Denver leaves fewer than 100 fracking operations …
While the federal government has given COVID-19 pandemic aid to many businesses and industries, its move to assist the oil and gas industry gets a different take from observers and some journalists. Their take is that the Trump administration is cozy with oil and gas and while allowing the industry to pay lower prices …
