Schlumberger, Baker Hughes Warn Of Weak Fourth Quarter

(Reuters) - The world's top two oilfield services firms warned on Friday of a challenging fourth quarter for the industry, as investment slows due to soft oil prices and energy firms reducing activity on offshore rigs.

Topics:  reuters    the   warn   fourth quarter   firms   
BING NEWS:
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    Total active rigs drilling for oil and gas in the U.S. fell by 3 to 615, the fourth straight weekly decline, according to the latest rig count report from Baker Hughes.
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    I write about observations of the market. In this series of articles, we aim to compare the Schlumberger-Cameron deal with the Halliburton-Baker Hughes merger, and show why we think Schlumberger ...
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