Weatherford Sells Frack Fleet to Schlumberger
The revised $430 million deal is worth less to Weatherford than the original joint venture agreement, sending its shares down 17%.
Retail, Energy Lead Surge in U.S. Job Cuts
Employers reported 75,114 planned layoffs in January, up 218% on December and 42% on the year-ago period.
Schlumberger to Buy Rival Cameron for $12B
The proposed merger of oilfield services companies is the latest example of industry consolidation driven by the decline in oil prices.