Oilfield Services Giants Start Year with Asset Sales

Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand.

Oilfield service providers are facing reduced spending by oil and gas producers as investors push for higher shareholder returns rather than more drilling activity.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.