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Liz Hampton

Parker Drilling files for pre-arranged Chapter 11 reorganization

12 Dec 2018

HOUSTON Oilfield services provider Parker Drilling Co said it filed for bankruptcy protection on Wednesday under an agreement with a group of debtors that will allow it to quickly restructure.

Parker Drilling files for pre-arranged Chapter 11 reorganization

12 Dec 2018

HOUSTON, Dec 12 Oilfield services provider Parker Drilling Co said it filed for bankruptcy protection on Wednesday under an agreement with a group of debtors that will allow it to quickly restructure.

Siemens to shut Texas turbines service facility, dismiss workers

11 Dec 2018

HOUSTON German engineering firm Siemens plans to dismiss about 200 workers at a gas turbines parts and components service center in Houston, Texas, next year due to weaker global demand, a company spokesman said on Tuesday.

Houston residents, by the thousands, mourn President George H.W. Bush

06 Dec 2018

HOUSTON Thousands of Houstonians turned up on Thursday to pay their respects to late President George H.W. Bush, a U.S. Northeast transplant who had made Texas his home, laying flowers at makeshift memorials and lining up to catch a glimpse of his funeral motorcade.

Schlumberger sees lower North American fourth-quarter revenues on drop in fracking

04 Dec 2018

HOUSTON Schlumberger, the world's largest oilfield services provider, warned on Tuesday that its fourth-quarter North America revenues will likely decline 15 percent sequentially on steeper-than-expected price declines in hydraulic fracturing.

Shares in oilfield firm Weatherford International drop below $1

13 Nov 2018

HOUSTON Shares of oilfield services firm Weatherford International on Tuesday slipped below $1 apiece, to a 29-year low, the latest sign that investors are losing confidence in its turnaround plan.

GE speeds plan to raise $4 billion cash, lifts sagging shares

13 Nov 2018

NEW YORK/HOUSTON General Electric Co plans to raise $4 billion (£3.08 billion) in needed cash by year end, the company said on Tuesday, speeding its planned sale of a stake in oilfield services unit Baker Hughes .

Colorado voters reject tougher rules on oil and gas drilling

13 Nov 2018

Colorado voters on Tuesday rejected a measure calling for greater distances between oil and gas drilling and public spaces, a move opponents said would have sharply limited new wells in the fifth-largest oil producing state in the nation.

CORRECTED-UPDATE 1-Colorado voters reject tougher rules on oil and gas drilling

07 Nov 2018

Nov 7 Colorado voters on Tuesday rejected a measure calling for greater distances between oil and gas drilling and public spaces, a move opponents said would have sharply limited new wells in the fifth-largest oil producing state in the nation.

Voters in three U.S. states reject initiatives to curb fossil fuel use

07 Nov 2018

Voters in Colorado, Arizona and Washington states rejected ballot initiatives that sought to curb fossil fuels use by restricting drilling, putting a fee on carbon emissions and mandating wider use of renewable energy.

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