The spread of the coronavirus coupled with an oil-price war between Russia and Saudi Arabia threatens to devastate the oil services industry and its workers.
March 23, 2020Business
Chevron Sees ‘Boom Boom Boom’ Permian Despite Signs of Slowdown
Chevron Corp. sees a “boom boom boom kind of economy” in West Texas, shrugging off signs of a Permian Basin slowdown showing up in everything from jobs to hotel rooms.
October 22, 2019Business
Halliburton Cuts Fracking Jobs, Gear in US, Canada
Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear.
July 22, 2019GovernmentBusinessFuel
Oil-Services Investors Unmoved by Latest US Sanctions on Russia
Investors of the world’s biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia.
April 9, 2018Business
US Oil Rebound Hits Roadblock, Lack of Truckers
Five years ago, the thought of $55-a-barrel oil would have given Piotr Galitzine heartburn. Now it’s keeping one of his steel-pipe shops in Houston open 24/7 and fueling a flurry of orders.
March 7, 2017Business
Schlumberger to Buy Cameron in $14.8 Billion Oil Services Deal
Schlumberger Ltd., No. 10 on the Transport Topics Top 100 list of private carriers in North America, agreed to buy Cameron International Corp. for $14.8 billion, allowing the world’s largest oil field-services provider to bundle its offerings and gear more effectively.
August 26, 2015