schlumberger

Schlumberger will buy equipment maker Cameron International Corp.

WILLISTON -- Oilfield service companies eager for work amid plunging crude oil prices have until the end of Wednesday to bid for a guaranteed job: plugging a North Dakota well abandoned by a producer closing up shop in the No. 2 U.S.

The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger, the world’s No.1 oilfield services provider, said Monday. Spending cuts already announced by producers — to the tune of 25 to 60 percent — have...

Schlumberger Ltd. is denying allegations from a former employee seeking class action on a lawsuit over overtime pay. Chris Elliott, of Clearwater County, Idaho, alleged the oilfield services company didn’t pay him and other plaintiffs overtime when they served as “manual laborers...