Archives for March 2020
Layoffs, pay cuts loom as Schlumberger plans to cut up to 30 percent from budget
Layoffs and pay cuts loom as Schlumberger, the largest oilfield service company in the world, plans to cut up to 30 percent from its budget amid crumbling oil prices and the economic effects of the...
Click here 0 1,237
Chevron cuts billions from its budget with oil stuck in the $20s
California oil major Chevron is cutting billions of dollars from its 2020 budget as the oil industry continues to feel the pressure of a price war and the coronavrius pandemic. Source: FuelFix
Click here 0 1,222
Oil finds firmer ground after fed unleashes support measures
Oil rallied with other risky assets after the U.S. Federal Reserve unveiled a sweeping set of measures to support the world’s largest economy. Source: FuelFix
Click here 0 1,301
FTS International furloughs hydraulic fracturing crews, cuts executive pay
Fort Worth oilfield service company FTS International is putting hydraulic fracturing crews on furlough as crude oil prices continue to fall and exploration and production companies continue to cut their budgets. Source: FuelFix
Click here 0 1,285
NexTier Oilfield Solutions cuts budget by more than half
Houston oilfield service company NexTier Oilfield Solutions is cutting its budget by more than half as work continues to evaporate amid record low crude prices. Source: FuelFix
Click here 0 1,202
