Their declaration follows a joint letter that was sent to the top UN official in charge of climate talks earlier this year, in which six European oil companies split from their U.S. peers and banded together to call for governments to agree to carbon pricing.
The worsening oil bust will force Schlumberger to cut additional jobs in the fourth quarter as the company braces for extended pain across the industry that’s unlikely to subside for at least another year, CEO Paal Kibsgaard said in a conference call with investors Friday.
Two hundred and twenty-two years after the death of Marie Antoinette, and the crude complex is trying not to lose its head. After a week of dragging its feet and looking downbeat, oil prices are finally mustering a bounce into the weekend, as bad news is not good news….it’s great! Crude is not only being […]
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