Energy Finance

Archive for January, 2009

Schlumberger To Lay Off 5%

Thursday, January 8th, 2009 Posted in Uncategorized | Comments Off

Houston- and Paris-based Schlumberger plans to lay off 5% of its North American work force amid a downturn in oil and gas drilling. The cuts started Wednesday. The company will ... Read more..

Excuse Me, Mr. Obama?

Wednesday, January 7th, 2009 Posted in Uncategorized | Comments Off

Headlines in the Houston Chronicle today reveal a plan by Mr. Obama to cut Social Security and Medicare programs. Excuse me? No details were given. Hopefully, the plan is simply to ... Read more..

Banks Face Declining Credit Quality In 2009

Tuesday, January 6th, 2009 Posted in Uncategorized | Comments Off

Although government financial support has buoyed U.S. banks, the industry will likely experience overall credit quality deterioration through at least 2009, according to Jeff Sexton, New York-based analyst with Standard ... Read more..

Gas Rig Count Declines

Monday, January 5th, 2009 Posted in Uncategorized | Comments Off

Last week, the Baker Hughes gas-directed rig count declined by 80. The yearend gas rig count of 1,267 is decidedly lower than expectations, says Stephen Richardson, analyst at Morgan Stanley ... Read more..