Baker Hughes Reduces U.S. Spending Forecast Due to Delayed Oilfield Recovery

Baker Hughes Co. has revised its forecast for U.S. shale activity, indicating that a previously anticipated…

Oilfield Service Companies Struggle Amid Industry Consolidation

The wave of mega-mergers in the U.S. oil and gas sector that began last year and…

Halliburton Q2 Earnings: Strong Growth, But Slowdown in North America

American oilfield services giant Halliburton announced a rise in net income for the second quarter, driven…

Eni Sells 10% Stake in Saipem, Raising €393 Million

Eni, the Italian energy giant, announced on Wednesday the successful sale of a 10% stake in…