News
Schlumberger grows global headcount despite U.S. layoffs
Oilfield service giant Schlumberger grew its global head count in 2019 despite finishing the year with a $10.1 billion loss and laying off 1,400 workers in the United States. Source: FuelFix
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Energy transition threatens oil and gas exploration spending: Report
The growing threat of climate change and the evolving energy transition toward cleaner alternatives is threatening the future of spending on traditional oil and gas exploration worldwide, according to a new report. Source: FuelFix
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Baker Hughes closes 2019 with a profit while peers report huge losses
Houston oilfield service company Baker Hughes closed 2019 with a profit at a time when peers in the troubled sector are reporting multibillion losses. Source: FuelFix
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Tipping point approaching for offshore wind to blow past offshore oil and gas
The United States will likely spend more money developing offshore wind capacity than offshore oil and gas within the next five years, according to a new study. Source: FuelFix
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Asia virus is even affecting oil prices
Oil declined on concerns that a coronavirus outbreak in Asia could spread and curtail demand in a market that’s already contending with plentiful supplies. Futures slipped 0.8% to trade near $58 a barrel in New...
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