Schlumberger Ltd. cut another 2,000 jobs in the first quarter as the world’s largest provider of oilfield services sees the industry in an unprecedented downturn. The global headcount dropped to Continue Reading
Forty-seven years (!) after Simon and Garfunkel released ‘The Boxer’, and the bulls and the bears are slogging it out again. After trading blows in recent days, the bulls appear Continue Reading
Schlumberger Ltd. said earnings and revenue fell as energy companies continued to spend less on… Schlumberger Ltd. on Thursday said it laid off another 2,000 employees during the first quarter Continue Reading
A central tenet in the thesis by analysts about the oil markets rebalancing has been that as prices declined, oil companies would be forced into bankruptcy. That in turn would Continue Reading
At some point – hopefully sooner than most think – the price of crude oil and natural gas will rise to levels reflecting full replacement cost, including the cost of Continue Reading
Oil production from the North Sea posted gains in 2015 for the second year in a row, but the recent uptick in output could be a blip in the region’s Continue Reading
Think sea level rise will be moderate and something we can all plan for? Think again. Sea levels could rise by much more than originally anticipated, and much faster, according Continue Reading
While the oil industry continues to cut jobs, projects and costs amid low crude prices, one region is making a surprise comeback after years of declining activity, company executives and Continue Reading
A U.N. expert says commitments so far under the Paris Climate Agreement are short of what’s needed to keep climate change in check. Photo by Debbie Hill/ UPI GENEVA, Switzerland, Continue Reading
The great ice sheets on the continent are starting to melt. An airport hangar outside Paris shook with cheers, toasts and foot-stomping in December as diplomats ushered a landmark climate Continue Reading
