Archives for April 2018
Schlumberger reports growing profit, long-term optimism
The world’s largest energy services company, Schlumberger, posted growing profits and revenues from last year as its chief executive touted the need for more global oil and gas investments to meet future demand needs. Source:...
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New Baker Hughes posts small, but growing profit
Houston’s Baker Hughes reported a small, but growing $70 million profit in the first quarter that swung from a loss courtesy of income tax benefits. Source: FuelFix
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Oil rally stalls
Oil’s rally stalled as OPEC and allied crude producers gathered in Saudi Arabia amid signs a worldwide glut has been mostly eradicated. Source: FuelFix
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CEO awarded $60 million to lead Linn Energy past bankruptcy
The same day Linn Energy Inc. exited bankruptcy, it awarded Chief Executive Officer Mark Ellis a $60 million compensation package, more than three times the amount Exxon Mobil Corp. paid its CEO Source: FuelFix
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