Exploration & Production

Oilfield service giants Schlumberger and General Electric Co’s Baker Hughes missed second quarter revenue forecasts as slow international growth offset record production in the United States that boosted domestic demand for their services.The Houston-based companies were the first among their peers...






General Electric reported a smaller-than-expected drop in profit, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.The 126-year-old industrial conglomerate, whose power and financial-services units are struggling, said it expects to...






The British infrastructure arm of Kuwait’s sovereign wealth fund has agreed to buy oil and gas pipeline firm North Sea Midstream Partners (NSMP) for around 1.3 billion pounds ($1.7 billion) from ArcLight Capital, according to two sources.Wren House, the London-based infrastructure investment arm of...






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