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...The DoJ modelled the new package on a 2008 advisory opinion it issued giving Halliburton, one of the world’s biggest oilfield services providers, six months after closing to reveal potential misconduct at...
...The oilfield services group was among the first international companies to enter Iraq after the US invasion in 2003. It has a small presence in Ukraine....
...But Baker Hughes and Halliburton, the second- and third-biggest western oil services companies, announced plans to pull out later that year after the US imposed sanctions....
...Oilfield services groups are feeling the squeeze from a slowdown in activity in the US shale patch as companies scale back on oil and gas drilling....
...That stagnation has caused weaker demand for oilfield services groups, which carry out construction and drilling activity on behalf of operators....
...Baker is one of the world’s three leading providers of oilfield services alongside SLB and Halliburton, responsible for drilling wells and laying pipes across the world, from Texas to West Africa....
...The results were driven by a rising appetite for the company’s services outside the US, where a drop-off in shale drilling has dented demand for services groups....
...The oilfield services company reported net income of $651mn for the first three months of 2023, more than double levels a year ago. Revenue of $5.7bn was up by a third....
...We want to be rugged individualists who trust in our hands and live by our word, who don’t want the rich man’s dollar, his country club or his company....
...Much ado about Arctic drilling Drilling in the pristine Alaskan Arctic is an emotive subject....
...Thanks to streaming services such as Spotify, subscription models now make up more than 62 per cent of all global recorded music revenues....
...Amazon Web Services, the tech giant’s cloud computing unit, bought the centre from US power generator Talen Energy, which developed the site adjoining a nuclear power station....
...Halliburton became the latest oilfield services provider to report strong earnings for the final quarter of 2022 as a rush for more oil and gas drives demand for the companies that carry out the drilling...
...Alphabet: Google’s parent company is expected to report that revenue increased 10 per cent from a year ago thanks to a jump in advertising revenue and strong demand for its cloud services....
...company....
...Halliburton and Baker Hughes — two of the world’s biggest service providers — both warned of an impact from the shale patch deceleration as they released second-quarter earnings yesterday....
...Surging energy prices over the past year have pushed up drilling and production activity and triggered a rush to secure the equipment and personnel provided by services groups....
..., and encryption measures that put the government at odds with technology companies....
...The company, formerly known as Schlumberger, is the only major international oilfield services group still operating in Russia....
...for companies to pollute....
..., and will work to connect buyers and sellers of carbon removal services....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...As many professional workers have settled into now well established hybrid work patterns, banks and other financial services companies have stood out in recent weeks for the battles they are still having...
...Bank of America has come under fire from environmentalists for changing its tune on Arctic drilling and coal power plants....
...The Biden administration is being sued by both the oil and gas industry and green groups over its decision to severely restrict offshore drilling....
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