Oil prices will get a heck of a lot worse before they get better, a top industry analyst said on Tuesday.
The sharp drop in U.S. oil rig counts has helped lift crude prices off their lows, but it won't slow production or alleviate oversupply, Goldman said.
Halliburton will layoff between 6.5 and 8 percent of its global staff, the oil field services company said Tuesday.
Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.
Oil prices have rallied off post-crisis lows, possibly marking the rout's bottom as producers' cutbacks begin pinching supply, some analysts said.
National Oilwell Varco warned of a severe downturn in its business after orders for its drilling parts plunged nearly 90 percent.
Despite anecdotal evidence, a new study is dismissing the U.S. manufacturing renaissance as little more than a "myth."
Trying to pick the bottom of oil's surprise price plunge may be tougher this time around, with analysts turning to non-traditional indicators to make predictions.
Oil rig count numbers have a long way to drop, late to chase the price fall in gas prices.
A sale of parts of Halliburton's business to appease regulators could be a game-changer for smaller oilfield services companies, analysts say.
Baker Hughes confirmed Thursday it is in preliminary talks with Halliburton regarding a potential business combination in a release.
Greenlight Capital's David Einhorn reported a 9.99 percent stake in Civeo and said that its CEO should be replaced on Thursday.
Oil and gas firms are "routinely" underpaying their workers, according to an investigation from ProPublica.
The German industrial conglomerate Siemens AG is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash
The age of robots as mankind's master is beginning, but don't be Terminator-terrified. Profit from the rise of the machines.
Pipeline companies are viewed by Wall Street as engines of growth, especially as the oil boom in the U.S. continues.
Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.
BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
Oil-by-rail shippers have mostly ignored U.S. government requests for data that aim to prevent mishaps, officials said on Friday.