Baker Hughes Inc. is looking at deals as it tries to extract bigger profits from the boom in U.S. shale-oil exploration. That may put Key Energy Services Inc. and Lufkin Industries Inc. on its wish list.
Transocean Ltd. said its internal investigation found BP Plc was largely responsible for last year’s fatal drilling catastrophe in the Gulf of Mexico and reiterated its refusal to help BP pay claims stemming from the worst U.S. offshore oil spill.
The U.S. Supreme Court made it easier for investors to press securities fraud suits, ruling for shareholders who accuse Halliburton Co. of misrepresenting its financial condition while under Dick Cheney’s leadership.
The U.S. Supreme Court agreed to hear an appeal from shareholders trying to sue Halliburton Co. for securities fraud in a case that may make it easier for investors to press class-action suits in some states.
Halliburton Co., the world’s second- largest oilfield services provider, agreed to pay $35 million to Nigeria to settle charges related to alleged bribery in connection with a natural-gas liquefaction project.