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Oil & Gas 360 - KLX Energy Services Completes Motley Acquisition

National Oilwell Varco Posts Nearly $5.4 Billion Loss During Second Quarter

July 30, 2019

From The Houston Chronicle Houston oilfield service company National Oilwell Varco reported a multibillion loss during the second quarter amid what executives are calling a “generational oilfield downturn.” NOV reported a nearly $5.39 billion loss on $2.13 billion of revenue during the second quarter. The figures translated into a $14.11 loss per share. The second quarter earnings were mixed compared

Job Cuts Expected at NOV Amid Ongoing Oil & Gas Industry Slump

July 25, 2019

From The Houston Chronicle Job cuts are expected at Houston oilfield service company National Oilwell Varco following the implementation of a company restructuring plan created in response to an ongoing industry slump in the U.S. shale basins. The drilling and oil well completion service company has started trimming its workforce by offering voluntary early retirement to eligible employees, the news

Petrobras Cutting Houston Jobs after Forming Gulf Joint Venture

December 12, 2018

From Houston Chronicle Brazilian state oil company Petrobras will terminate more than 50 Houston jobs next year after selling much of its Gulf of Mexico assets into a new joint venture. Petrobras, which has struggled financially amid a nationwide corruption scandal in Brazil, opted to sell its Gulf assets earlier this year into a JV in which it will only

National Oilwell Varco Posts Nearly $5.4 Billion Loss During Second Quarter

Job Cuts Expected at NOV Amid Ongoing Oil & Gas Industry Slump

Petrobras Cutting Houston Jobs after Forming Gulf Joint Venture

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