Schlumberger to buy oilfield gear maker Cameron in $14.8 bn deal
The deal is the latest example of energy companies joining forces to help them cope with slumping oil prices , down 60 percent since June last year and hitting new lows each day.
Aug 26, 2015, 23:04 PM IST
U.S. economy stumbles in first quarter as weather, low energy prices weigh
U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending.
Apr 30, 2015, 02:18 AM IST
Schlumberger cuts 11,000 more jobs as earnings fall
Oil-services giant Schlumberger said Thursday it would cut 11,000 more jobs as its first-quarter earnings tumbled after low crude prices forced it to cut drilling.
Apr 17, 2015, 04:13 AM IST
Schlumberger fined $232.7mn for breaking Iran, Sudan sanctions
French-US oil services giant Schlumberger Ltd. was fined $232.7 million by the Justice Department Wednesday for violating sanctions on Iran and Sudan.
Mar 26, 2015, 02:37 AM IST
Schlumberger cuts 9,000 jobs due to low oil prices
Oil services company Schlumberger Thursday said it was firing 9,000 workers due to plunging oil prices that have forced petroleum companies to cut drilling budgets.
Jan 16, 2015, 05:12 AM IST
