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Schlumberger’s $12.8 billion plan to construct a one-stop shop for oil field technology and equipment promises to reshape a battered industry that’s rapidly evolving to prepare for an eventual uptick…
A new wave of oil company bankruptcies is likely to hit the nation's pipeline companies, which draw revenues from producers who pay them to move and process their crude.
The higher production of oil in the U.S. from new and remote locations could affect gas prices in the near term as extraction costs are ramping up, said industry experts.