Latest News Updates From David Wethe

Business

Halliburton Cuts Fracking Jobs, Gear in US, Canada

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear.

July 22, 2019
GovernmentBusinessFuel

Oil-Services Investors Unmoved by Latest US Sanctions on Russia

Investors of the world鈥檚 biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia.

April 9, 2018
Business

US Oil Rebound Hits Roadblock, Lack of Truckers

Five years ago, the thought of $55-a-barrel oil would have given Piotr Galitzine heartburn. Now it鈥檚 keeping one of his steel-pipe shops in Houston open 24/7 and fueling a flurry of orders.

March 7, 2017
Business

Schlumberger to Buy Cameron in $14.8 Billion Oil Services Deal

Schlumberger Ltd., No. 10 on the Transport Topics Top 100 list of private carriers in North America,聽agreed to buy Cameron International Corp. for $14.8 billion, allowing the world鈥檚 largest oil field-services provider to bundle its offerings and gear more effectively.

August 26, 2015

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