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Schlumberger to buy oilfield gear maker Cameron in $14.8 bn deal

Last Updated: Wednesday, August 26, 2015, 23:04

The deal is the latest example of energy companies joining forces to help them cope with slumping oil prices , down 60 percent since June last year and hitting new lows each day.

U.S. economy stumbles in first quarter as weather, low energy prices weigh

Last Updated: Thursday, April 30, 2015, 02:18

U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending.

Schlumberger cuts 11,000 more jobs as earnings fall

Last Updated: Friday, April 17, 2015, 04:13

Oil-services giant Schlumberger said Thursday it would cut 11,000 more jobs as its first-quarter earnings tumbled after low crude prices forced it to cut drilling.

Schlumberger fined $232.7mn for breaking Iran, Sudan sanctions

Last Updated: Thursday, March 26, 2015, 02:37

French-US oil services giant Schlumberger Ltd. was fined $232.7 million by the Justice Department Wednesday for violating sanctions on Iran and Sudan.

Amid US oil price crash, cost cutting ripples through industry

Last Updated: Saturday, January 17, 2015, 06:40

Any lingering doubt about the depth of the crisis facing the U.S. energy industry is quickly evaporating as even the biggest firms slash spending amid the steepest oil price crash since the recession, sending ripples across the vast sector.

Schlumberger cuts 9,000 jobs due to low oil prices

Last Updated: Friday, January 16, 2015, 05:12

Oil services company Schlumberger Thursday said it was firing 9,000 workers due to plunging oil prices that have forced petroleum companies to cut drilling budgets.

CCI rejects complaint against Schlumberger Asia Services

Last Updated: Thursday, February 7, 2013, 18:06

Fair trade regulator CCI has rejected a complaint that alleged Schlumberger Asia Services had indulged in anti-competitive practices while bidding for an ONGC contract.