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Schlumberger hits the mark in Q3

One of the largest oil industry subcontractors met expectations on the top and bottom lines in this year's third quarter, shows report released Friday.

Several hundred Norwegian oil workers temporarily laid off

More than 300 oil workers have been temporarily laid off during a strike by Norwegian union Industri Energi, which has now lasted a week. The lay-offs relate to companies Baker Hughes, Schlumberger and Halliburton, writes Norwegian media.

Another oil major fires 10,000 employees

"Abrupt cancellations" lead to losses totaling billions and massive layoffs at the world's largest oil service company, which has let more than every fourth employee go in just one year.

DNB: Two year rut ahead for oil service companies

The oil service companies are in the midst of a downturn so severe that it will continue the next two years, notes DNB Markets' oil service division on the basis of the 33 companies covered by its analysts.

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