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 …
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 …
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 …
