Halliburton cleared a 21 percent profit boost in the second quarter as demand for oil production equipment climbed in North America and drills kept spinning in the eastern hemisphere, the company said Monday. More »
Investors wiped out as much as $4.4 billion from BP’s market value Thursday after a new round of U.S. sanctions on Russia was announced, but it’s not clear the sanctions will impact the company at all. More »
A Canadian driller is teaming up with Schlumberger to combine its walking rigs with the oil-field giant’s powerful rotary steering systems and other tools in a bid to literally cut corners in drilling shale reservoirs. More »
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