Oil Suffers Rout after Saudi Arabia Fires First Shot of Price War
Losing more than a quarter of their value, oil prices were set on Monday for their biggest daily rout since the first Gulf War, after Saudi Arabia cut its official prices in a market already reeling from the impact of the coronavirus on global demand. Saudi Arabia slashed its official …
Baker Hughes: BJ Services Reformed After Pressure Pumping Merger with Allied Energy Services
Baker Hughes Incorporated, CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the Merchant Banking Division of Goldman Sachs, announced today an agreement to create a pure-play North American land pressure pumping company. The new company, BJ Services, will leverage operational experience and industry expertise to …
Gazprom and Goldman Sachs discuss cooperation issues
A meeting between Andrey Kruglov, Deputy Chairman of the Management Committee – Head of the Department for Finance and Economics of Gazprom and Lloyd Blankfein, Chairman of the Board of Directors and Chief Executive Officer of Goldman Sachs took place today as part of St. Petersburg International Economic Forum 2012. The meeting participants discussed the status of the global economy and the …