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3 mins read

Schlumberger revokes IIT job offers, lowers salaries after the massive crude oil price crash

The oilfield services multinational said that it is adjusting to the ‘sudden reduction in consum…

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5 mins read

Inside BP's plan to dominate the global solar industry and rival the world's largest operators

Welcome to Insider Energy, Business Insider's weekly energy newsletter. Sign up to get it in your i…

Benji Jones   


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5 mins read

Benji Jones,Ruqayyah Moynihan   


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5 mins read

Power Line: $2 billion for clean energy — Schlumberger job offers disappear — 22 top energy stocks

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Benji Jones   


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1 min read

Oil giant Schlumberger warns that job cuts aren't over

In a regulatory filing on Tuesday afternoon, the oilfield services giant said it expects to take a …

Akin Oyedele   


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1 min read

Oilfield Services Company Schlumberger Is Cutting 9,000 Jobs

In addition to announcing job cuts, Schlumberger reported earnings per share of $1.50, excluding sp…

Myles Udland   


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Oilfield services giant Schlumberger announces another round of massive job cuts

In a statement, CEO Paal Kibsgaard said: "In spite of the detailed preparations we made in the four…

Akin Oyedele   


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SCHLUMBERGER: The oil recovery 'appears to be delayed'

He also said, "As we enter the last quarter of the year, the oil market is still weighed down by fe…

Akin Oyedele   


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SCHLUMBERGER: The oil market has 'reached the bottom of the cycle'

To weather the downturn, Schlumberger has lowered prices for its clients and allocated capital most…

Akin Oyedele   


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6 mins read

Benji Jones   


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3 mins read

Insiders and leaked audio reveal new details of job cuts at Exxon

Power Line is Business Insider's weekly energy newsletter. Sign up to get it in your inbox every Fr…

Benji Jones   


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5 mins read

As oil gains stall, the nation's largest oil company looks to job cuts

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Benji Jones   


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3 mins read

One in four Indians in the working age is unemployed as corporate layoffs continue⁠— making crisis worse and delaying economic recovery

This comes in the backdrop of the ongoing job crisis due to the lockdown. Companies are aggres…

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1 min read

Job cuts surged 218% in January

John A. Challenger, CEO of Challenger, Gray & Christmas, said "The pace of downsizing in the en…

Akin Oyedele   


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1 min read

REPORT: Halliburton is cutting up to 6,500 jobs

Halliburton is slashing 8% of its workforce, the latest in a wave of job cuts that is sweeping thro…

Akin Oyedele   


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1 min read

Oil services company Weatherford is slashing 8,000 jobs

Due to the quickly changing market conditions, we are aligning and reducing our cost as well as org…

Myles Udland   


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2 mins read

Oil crash aftershocks send job cuts to a 3-year high

"We could be witnessing the after-effect of the severe and protracted recession. Much like the gene…

Akin Oyedele   


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6 mins read

The state of Wall Street's drug culture

In today's big story, we're looking at whether Wall Street has a drug problem.

Dan DeFrancesco   


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7 mins read

The top energy stories of 2020 - and what to expect in the year ahead

Welcome to Insider Energy, Business Insider's weekly energy newsletter. Sign up to get it in your i…

Benji Jones   


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4 mins read

IIT Kharagpur is the only Indian university to make it to top 100 in THE Impact Rankings 2020

Indian Institute of Technology (IIT) Kharagpur became the only Indian institute to feature in top 1…