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Home» Articles posted by David Wethe

World’s Biggest Fracker Halliburton Sees Signs of Rebirth as Slump Ebbs

Posted on October 19, 2020 by David Wethe in Transport Topics

Halliburton Co. expects the rout in North American shale to peter out after history’s worst crude crash decimated many of its customers.

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Shale Loses Another Global Giant After Schlumberger’s Frack Sale

Posted on September 1, 2020 by David Wethe in Transport Topics

Schlumberger has become the biggest oil service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs.

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Schlumberger Shrinks Staff to Lowest Since Pre-Shale Era

Posted on July 24, 2020 by David Wethe in Transport Topics

Schlumberger Ltd. posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of COVID-19 could derail the nascent recovery in global energy demand.

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Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns

Posted on July 22, 2020 by David Wethe in Transport Topics

Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded an historic oil bust.

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Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump

Posted on July 20, 2020 by David Wethe in Transport Topics

Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.

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