Wall Street is trimming third quarter forecasts for oilfield services companies who are struggling as oil companies continue to pressure their suppliers to reign in costs. Anadarko photo. Oilfield services companies showing weakness in well completions [Read more]
The CEO of Schlumberger told an audience at a Barclays conference in New York on Tuesday that Permian pipeline bottlenecks will likely slow growth in oil production and investments in the area. San Antonio Express-News photo [Read more]
Two oilfield service giants, Schlumberger and Baker Hughes did not meet second quarter revenue forecasts as slow international growth overshadowed record US crude production. Company photo. Baker Hughes total Q2 revenue $5.55 billion Schlumberger and [Read more]
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