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Tag Archives: schumberger

As natural gas pipes drop, budgets, jobs are scaled back

When “Dallas” was a top-rated television show back in the ’80s, oilmen were portrayed as wildcatters, the last of a breed of take-no-prisoners businessmen who took risk after risk. Wildcatters, even fictional ones like J.R. Ewing, and real ones like T. Boone Pickens, drilled where their gut told them. Sometimes they won, sometimes they didn’t. The wildcatters were true boom ...

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Weatherford eliminates COO role amid oil slump

Oil services company Weatherford International Plc <WFT.N> said it would eliminate the position of chief operating officer as it copes with a 60 percent slide in global crude oil prices. The company said COO Dharmesh Mehta would move to the role of executive vice president for corporate strategy. The chief operating officer position will not be filled as the company ...

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