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Wednesday, January 27, 2021

Bloomberg David Wethe

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Robots are taking over oil rigs as roughnecks become expendable

The robot on an oil drillship in the Gulf of Mexico made it easier for Mark Rodgers to do his job stringing together heavy,...

Halliburton posts North American profit on shale recovery

Halliburton reported fourth-quarter adjusted profit that beat analysts' estimates as North American shale producers lead the rest of the world into an oilfield recovery.The...

Schlumberger reports 4Q loss

Schlumberger reported a fourth-quarter loss as oil's slump continued to weigh on demand for drilling services.The world's largest oilfield service provider posted a net...

Oil drillers are expanding again after losing half-million jobs

The oil industry is expected to boost spending for the first time in three years after slashing almost half a million jobs globally during...

Shale fracking rebound starts with costlier grains of sand

The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America's fracking fortunes...

Rare oil-patch hot spot emerges in America’s earthquake capital

Brian Kalt's got a pretty funky plan to stop the surge in earthquakes in Oklahoma and save the state's reeling oil industry.The key is...

Schlumberger beats estimates as shale helps lead recovery

Schlumberger's earnings beat expectations after the world's largest oilfield services provider cashed in on an early U.S. recovery as it waits for the rest...

Halliburton ready to sacrifice market share to boost profit

After boosting North American sales for the first time during the downturn, Halliburton Co. is determined to raise prices for its services to lock...

Schlumberger joins Halliburton in calling oil cycle’s bottom

The world's two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil...

Halliburton sheds more jobs, looks to North America recovery

Halliburton Co. cut another 5,000 jobs in the second quarter as it positioned itself for a recovery in North America in the second half...

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