Schlumberger has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts.
third quarter results
Oil major BP said today that its profits more than doubled in the third quarter of 2017, but its chief executive still thinks there is “room for improvement”.
Delays to the UK North Sea Breagh project have had a severe and immediate impact on oil and gas firm Sterling Resources, it said yesterday.
The London market struggled to find direction today after markets on Wall Street were shut due to fears over the impact of Hurricane Sandy.
A buoyant session for blue-chip financial stocks failed to boost the London market today amid renewed fears over the global economy and subdued trading on Wall Street.
London's leading shares index crept higher today after Greece took an important step towards avoiding a default and the Bank of England said it would pump £50billion into the economy.
London's leading shares index exploded into life today after US jobs figures smashed expectations and boosted recovery hopes for the world's largest economy.
Shares in energy service firm Cape slumped today after the company warned its third quarter results would be hurt by weak margins at its Aberdeen-based UK offshore division.
LOWER oil prices in recent months could see profits at the world's largest energy companies dented as they reveal their third-quarter results this week, according to analysts.
US oilfield services firm Halliburton today posted record revenues and profits, led by strong growth in North America.