Chinese Oil-Field-Services Firm to Pay $3.4 Million to Settle Sanctions Violations  Wall Street JournalYantai Jereh Oilfield *Service* Group Co. allegedly used third-party companies in China and the United Arab Emirates in an attempt to export to …

Financial PostEncana and Husky post diverging results amid oil price slumpFinancial PostThe company's margins improved 25 per cent in the quarter despite the drop in oil prices, Encana president and CEO Doug Suttles said during an earnings call. “We do …

Barron'sOil Prices Slip On Falling OPEC ComplianceOilPrice.comOil prices posted more gains this week, as the EIA reported deeper inventory reductions with Brent briefly traded above $50 per barrel for the first time in nearly two months on Thursday. There …

Chron.comUS oil producers idle two rigsChron.comDrillers pulled two rigs out of the U.S. oil patch this week in a delayed reaction to lower oil prices, Baker Hughes said Friday. Oil companies idled one oil rig and one gas rig, bringing the total U.S. rig c …

Wall Street Journal (subscription)Schlumberger CEO Blames US Investors for Stagnant Oil PricesWall Street Journal (subscription)U.S. investors are driving down the price of oil by shoveling too much money into American shale companies, the chief executive …

Casper Star-Tribune OnlineOil field services struggle to keep up with increase in drillingCasper Star-Tribune OnlineHowever, a company that drills for oil and gas can wait only so long for prices to climb before finding a way to return to work. It is not a …

No quick relief in sight for Canada's oil field service industryThe Globe and MailWhite-collar layoffs at major oil companies in downtown Calgary grab the headlines, but the Canadian Association of Petroleum Producers reports that of the at least 35,00 …