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Oil & Gas

Schlumberger posts $10.1 billion loss in 2019


Schlumberger, the largest oil-field service company in the world, lost $10.1 billion in 2019 as a result of hefty write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States and Canada.

North Sea

Oil giant targeted in climate protest


Climate change protesters blockaded the headquarters of oil giant Shell yesterday in the first in a series of protests across the Granite City.


Libya tots up oil earnings


While high-level meetings continue in trying to bring some sort of resolution to Libya’s conflict, the National Oil Corp. (NOC) has continued producing hydrocarbons and its commitment to transparency.