David Wethe

(Bloomberg) -- SLB, the world's biggest oilfield services provider, warned that spending growth by oil explorers has waned in the past few months as customers take a cautious approach amid lower commodity prices.

Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as oil explorers around the world are returning to the sea.

Transocean is in talks to merge with rival offshore drilling contractor Seadrill, according to people familiar with the matter, just as oil explorers around the world are returning to the sea.

Phillips 66 , the biggest US fuelmaker by market value, told investors Tuesday it expects to surpass its $3 billion target for asset sales with more dispositions planned.

Oil and gas extraction has seen the fastest labor productivity gains of any sector in the past decade.

(Bloomberg) -- Diamondback Energy Inc., the largest independent oil and gas producer in the Permian Basin, warned that the US shale industry may be growing to its own detriment again.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowIstanbul Tries Free Public Transit to Help Job SeekersIn Warsaw, Falling Road Deaths Signal a Traffic Safety TurnaroundThe company is planning to hold its own output grow

(Bloomberg) -- A major US oil industry lobbying group is pushing for President-elect Donald Trump and the Republican-controlled Congress to boost

President-elect Donald Trump’s vows to “frack, frack, frack” are about to collide with a global crude glut that’s set to, finally, temper record shale production.

Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline.

(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus and begins to decline.