Iraq in Deal with Schlumberger to Drill in Majnoon
Iraq has agreed a deal with U.S.
Schlumberger, Baker Hughes Warn of N. America Slowdown
Schlumberger Ltd and Baker Hughes, the world's top two oilfield services firms, warned on Friday of a slowdown in North America and a challenging year ahead as crude oil prices stay volatile.
Halliburton Beats Street on North American Demand
Halliburton Co swung to a quarterly profit that handily beat analysts' expectations, boosted by higher demand for its equipments and services in North America. Shares of…
Baker Hughes Raises Cost-cutting Target for 2016
Oilfield services provider Baker Hughes Inc bumped up its savings target for 2016 after a tight leash on costs helped the company post a much smaller than expected quarterly loss.
Cost Cuts Pay off for Baker Hughes
Oilfield services provider Baker Hughes Inc reported a much smaller-than-expected quarterly loss as the company's aggressive cost-cutting measures paid off. Baker Hughes…
Schlumberger Seeing Early Signs of Recovery
Schlumberger Ltd, the world's No.1 oilfield services provider, said there were early signs of recovery in most parts of the world, following a two-year slump in oil prices…
Schlumberger Reports 17% Fall in Revenue
Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 17 percent fall in quarterly revenue, hurt by weaker drilling activity and pricing pressure. Net…
US Oil Drillers Add Rigs for 5th Week in a Row
U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast doubts on…
Baker Hughes Disappoints on Weaker Drilling Volume
Baker Hughes Inc reported a bigger-than-expected quarterly loss, hurt by lower drilling activity and pricing, and the oilfield services provider said it did not expect North…
U.S. Drillers add Rigs for Fourth Straight Week
U.S. drillers this week added oil rigs for a fourth consecutive week, according to a closely followed report on Friday, with the recent return to the well pad expected to…
Schlumberger Sees Oil Supply Deficit if Demand Growth Holds
Schlumberger Ltd, the world's No. 1 oilfield services provider, said it expects a "significant global supply deficit" of crude oil, assuming steady growth in demand, given…
Baker Hughes to Buy Stock, Debt after Halliburton Deals Fails
Baker Hughes Inc said it planned to buy back $1.5 billion of shares and $1 billion of debt, using the breakup fee it will receive following the collapse of its proposed buyout by Halliburton Inc.
Schlumberger issues Revenue Warnings
Schlumberger Ltd said it expected a "significant" fall in second-quarter revenue as it scales back operations in Venezuela due to payment problems, and a prolonged slump…
Schlumberger Profit Nearly Halves as Oil Spending Cuts Weigh
Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 48.6 percent slump in quarterly profit, as spending cuts by oil producers continued to take a toll.
Schlumberger's Q1 Revenue Falls 15% from Q4
Schlumberger Ltd's revenue is expected to fall 15 percent in the first quarter from the fourth quarter, Chief Executive Paal Kibsgaard said, as oil and natural gas producers…
Halliburton to Cut 5,000 Jobs in New Round of Layoffs
Oilfield services provider Halliburton Co , pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8 percent, or by 5,000 jobs, company…
Halliburton Profit Beats Street
Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly adjusted profit as deep cost cuts helped offset the impact of a drop in drilling activity.
Schlumberger posts first quarterly loss in 12 years
Schlumberger Ltd, the world's No.1 oilfield services provider, reported its first quarterly net loss in 12 years as it recorded more than $2 billion in restructuring and asset impairment charges.
US Oilfield Firms Hesitate over Post-sanctions Iran
For U.S. oilfield services companies suffering the worst revenue slump in decades it would at first seem like a lifeline: The lifting of sanctions on Iran by six world powers…
Baker Hughes Deal Likely to Close in 2016 -Halliburton Exec
Oilfield services company Halliburton's proposed $35 billion acquisition of rival Baker Hughes Inc will likely close in 2016 instead of this year as talks with U.S. regulators continue…
