Houston oil-field service company Baker Hughes closed 2019 with a profit as its peers in the troubled sector are reporting multibillion dollar losses.
Baker Hughes reported $128 million of net income in 2019, a 34 percent decline compared with …
Schlumberger, the largest oil-field service company in the world, lost $10.1 billion in 2019 as a result of hefty write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States and Canada.
The …
Rumors that Houston oilfield service company McDermott International is engaged in bankruptcy talks with lenders sent the company’s stock price plummeting by as much as two-thirds of its value after the close of market on Monday.
In a …
At the 2018 Oil and Gas Conference, Troy Meier, Chairman & CEO of Superior Drilling Products (ticker: SDPI) was interviewed by EnerCom’s Angie Austin.
Superior Drilling Products, Inc. was founded in 1993 by its CEO, Troy Meier. Before establishing Superior …
The world’s second- and third-largest oilfield service companies, Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI), announced the termination of their proposed merger agreement. The deal, which was worth $35 billion before …
