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Combined net income of Halliburton, Baker Hughes and SLB in 2022 was the highest since 2014
Sector reaps rewards of tight market for materials, drilling equipment and labour
Schlumberger, Halliburton and Baker Hughes are partners of state-backed Rosneft and Gazprom
Bellwethers for global oil industry say activity is picking up but caution recovery still fragile
The supermajor offers to buy Noble Energy in a deal worth $13bn
Operating income exceeds forecasts as oil services company slashes spending
European groups including Saipem and TechnipFMC accelerating shift towards renewables
Oilfield services group, like rivals, has been hit by shale slowdown
Group’s North American revenues had been hit by weaker prices for its services
Oil services chiefs warn of a slowdown in new wells being brought into production
Q hits at ‘woefully inadequate’ attempts to turn round oilfield services group
Crude production in the country has dropped to less than half its level in 1998
Kingdom yet to ascertain how much is recoverable from shallow water fields
Under pressure from renewables, energy groups are again looking to tech for answers
US oilfield services company is one of many enjoying the rise in commodity prices
International Edition