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Tag Archives: nabors drilling

Weatherford cuts 3,000 jobs

Texas oil, pumpjack

Weatherford International plans continued cost cuts to bring its net debt from $6.5 billion at the end of 2016 to less than $3 billion over the next four years, said CEO Krishna Shivram on a Feb. 2 conference call, reports the Houston Business Journal. Part of the plan to reduce costs comes in the form of job cuts. The company ...

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Panel formed to investigate Gulf platform worker’s death

Offshore oil and gas drilling rig operating in the Gulf of Mexico. (Image: Adventures of KM&G-Morris via Flickr - CC2)

NEW ORLEANS (AP) — Federal regulators have formed a four-member panel to investigate the death of a man who was working on an oil platform rig in the Gulf of Mexico. The Interior Department’s Bureau of Safety and Environmental Enforcement says Roy Miller, a Nabors Drilling employee, was fatally injured last Thursday during “maintenance activities” performed for Houston-based oil and ...

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Contract driller Nabors expects current-quarter results to fall

Nabors-Industries-logo

Contract oil and gas driller Nabors Industries Ltd forecast a decrease in third-quarter results, saying it expected current depressed market conditions to prevail for an extended period. The company on Tuesday posted a second-quarter loss, compared with a profit a year earlier, hurt by lower drilling activity in North America due to weak oil prices. Oil producers have cut rig ...

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At oil expo, products go beyond petroleum industry

gun

BISMARCK, N.D. — On the exposition floor of this week’s Williston Basin Petroleum Conference in Bismarck, it wasn’t just oil technologies and services that were being touted. A&A Engraving Inc.’s booth was offering a look at their customizable firearms. Many of the weapons are engraved with things related to the world of oil. A chrome-plated AR-15 assault rifle with “3 ...

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