Schlumberger, the largest oilfield services company in the world, says it’s drastically cutting over 25% of its workforce because of the continuing slump in crude and natural gas prices.
In January, Schlumberger announced that it planned to cut 10,000…
April 6, 2016 archive
Schlumberger Issuing Massive Layoff
Significant Inventory Decline Leads to Big Jump in Crude Oil Futures
The U.S. oil benchmark scored its biggest one day jump in three weeks Wednesday after weekly government data showed a large and unexpected fall in U.S. crude inventories and an increase in demand by refineries.
On the New York Mercantile Exchange, We…
Judge Throws Out Portion of Subrogation Case Involving Flint Energy Services
A district judge threw out a portion of a case involving Flint Energy Services, ruling a provision of Oklahoma’s 2013 workers’ compensation reform legislation is unconstitutional.
Grady County District Judge Richard Van Dyck ruled Monday that the stat…
Williams Sues ETE and Billionaire Founder Warren Over Disclosed Stock Deal
Two weeks after Tulsa was stunned by the possible loss of Williams Cos. in its merger with Dallas-based Energy Transfer Equity, Williams has filed suit against ETE and its billionaire founder Kelcy Warren over a private stock offering revealed in…
Williams Sues ETE and Billionaire Founder Warren Over Disclosed Stock Deal
Two weeks after Tulsa was stunned by the possible loss of Williams Cos. in its merger with Dallas-based Energy Transfer Equity, Williams has filed suit against ETE and its billionaire founder Kelcy Warren over a private stock offering revealed in early…
Lankford Targets President Obama Over Iranian Nuclear Agreement
Oklahoma U.S. Senator James Lankford wants to hold President Obama accountable on his nuclear agreement with Iran, filing a resolution Wednesday to make sure the President follows through on the commitment to reimpose sanctions if Iran violates the dea…
Why Some States Sided with EPA in Clean Power Plan Fight
A writer for the U.S. Chamber of Commerce analyzed the impact of the EPA’s Clean Power Plan, the one challenged by Oklahoma and more than two dozen other states and discovered those states fighting the plan will share the brunt of cutting the car…
Why Some States Sided with EPA in Clean Power Plan Fight
A writer for the U.S. Chamber of Commerce analyzed the impact of the EPA’s Clean Power Plan, the one challenged by Oklahoma and more than two dozen other states and discovered those states fighting the plan will share the brunt of cutting the carbon em…
State Recycling Law Amended by Governor
One of the bills signed into law Tuesday by Governor Mary Fallin concerns the state’s Recycling and Recycled Materials Procurement Act. HB 2407 was sent to her desk and removes the requirement that the Director of Central Services coordinate certain i…
Environmental Writer to Speak at UCO
New York Times environmental writer Justin Gillis speaks Thursday during an appearance at the University of Central Oklahoma in Edmond. His topic will be “Hot Times! Into a Warming Word” as he speaks at 2 p.m. in UCO’s Pegasus Theater.
His writing in…
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