The onshore rig count for the US totalled 450 units as of Friday, March 11, according to data released by Baker Hughes on Sunday, marking a 67-year low since the…
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Saudi Aramco has awarded a USD 1.7-billion EPC contract for gas infrastructure to CPECC.
READ MOREOilfield services giant Halliburton will axe some 5,000 jobs over the next few weeks, the company said on Friday. Representing around 8% of its global workforce, the…
READ MOREThe European Commission has paused its inquiry into the proposed USD 35-billion merger between oilfield services giants Halliburton and Baker Hughes due to a failure to…
READ MORETurnover growth for the top 100 global hydrocarbons companies will decline from an estimated 18.6% in 2015 to 5.3% in 2016, according to the UK auditing firm EY’s…
READ MOREThe merger of US petroleum giants Halliburton and Baker Hughes will be subject to an investigation by the European Commission, the executive body of the EU announced on…
READ MOREOil dropped to around USD 37 per barrel Thursday on the back of global oversupply concerns after making slight gains on decreased US crude inventories on Wednesday.…
READ MOREA survey released by international consultancy Aon Hewitt shows that nearly 31% of US oil and gas companies expect a general pay freeze in 2016. The survey, which was…
READ MORESchlumberger announced another round of job cuts for next year adding to more than 10,000 redundancies this year because of falling oil prices.
The estimates for Job…
READ MOREGlobal oil and gas industry job cuts may exceed 250,000 by the end of 2015 because of the low price, with oilfield services giants such as Schlumberger and Baker Hughes…
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