Schlumberger Ltd., the world’s largest oilfield contractor, said international profit margins are poised to rise. The company’s shares gained 6.6 percent.
U.S. natural-gas companies are getting hit with the highest costs in four years as they shift more production to oil to escape low gas prices.
The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields.
Schlumberger Ltd., the world’s largest oil-services company, is reducing work in Venezuela because of trouble getting paid by state-owned Petroleos de Venezuela SA.
Oil refiners will deliver the lowest returns among energy stocks in the next 12 months, according to a survey of 175 senior energy executives and institutional investors.
The U.S. moratorium on deep-water oil and gas drilling in the Gulf of Mexico prompted by BP Plc ’s spill will crimp second-half profits, Pride International Inc. and National Oilwell Varco Inc. said.
"Historically Schlumberger has been that place."
- Kurt Hallead on Oct 16, 2014