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    We Have Indeed Reached the Bottom of the Cycle: SLB’s Kibsgaard
    But expect rising service costs and stricter return hurdles Paal Kibsgaard, CEO of the world’s largest oilfield service provider Schlumberger (ticker: SLB), gave his assessment of the global oil and oil services markets during the company’s third quarter conference call. “The business environment stabilized as expected in the third quarter, confirming that we have indeed … →
    Report: HollyFrontier Is Frontrunner To Acquire Petro-Canada Lubricants
    Refiner HollyFrontier Corp. is in advanced talks to acquire Suncor Energy Inc.’s Petro-Canada lubricants division for a little over $1 billion after submitting the highest bid in an auction, according to people familiar with the matter. The sources asked not to be identified because the deliberations are confidential. HollyFrontier and Suncor declined to comment.The potential deal would R...
    Misleading #ExxonKnew Ad Shows Campaign Always About Politics
    A new #ExxonKnew campaign ad released today by the League of Conservation Voters (LCV) targeting a House candidate in Nevada only provides further evidence that politics is what’s driving the entire effort. The ramifications of this ad are significant, considering that a federal district judge has just issued a discovery order raising questions about the … →