Oil Service Companies

Energy Quote of the Day: ‘This is What I Hate About this Industry’

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Oil Prices Fall To Lowest Level In Four Months

The fallout from declining oil prices continues materializing on a daily basis – several companies announced workforce reductions this week – and Baker Hughes is one of the latest to make that difficult decision. “This is what I hate about this industry, frankly, is these brutal cycles we have to go through,” said Martin Craighead, chief executive… Keep reading →

 /  Published January 22, 2015 at 3:00 PM

Energy Quote of the Day: ‘Halliburton has Already Left the Market and Schlumberger is Likely to Follow’

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Halliburton Co. in Fort Worth, Texas

As US- and EU-led economic sanctions against Russian energy players crank up, the degree to which Western interests could be collaterally damaged is again being called into question. The EU has shied away from sanctioning Russian gas industry participants because the bloc is so reliant on Russian gas supply, but oil market pressure could also… Keep reading →

 /  Published September 15, 2014 at 3:00 PM