WEATHER ALERT
Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasion
Read full article: Foreign Relations chair seeks answers from US oil firms on Russia business after Ukraine invasionThe head of the U.S. Senate Foreign Relations Committee has asked America's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine.
Only on 2: Group of local veterans travel to Washington D.C. to visit war memorials thanks to Honor Flight Houston
Read full article: Only on 2: Group of local veterans travel to Washington D.C. to visit war memorials thanks to Honor Flight HoustonNineteen veterans will depart to Washington D.C. Friday morning as part of ‘Honor Flight Houston’ in the first flight since the COVID-19 pandemic.
Baker Hughes joins oil rivals in pausing Russian operations
Read full article: Baker Hughes joins oil rivals in pausing Russian operationsBaker Hughes, a major U.S. oil services company, added its name Saturday to the growing list of U.S. companies that are pulling back from Russia in response to Moscow’s war against Ukraine.
Schlumberger slashes 21,000 jobs amid pandemic oil rout
Read full article: Schlumberger slashes 21,000 jobs amid pandemic oil routSchlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. The company will pay more than $1 billion in severance benefits. On Thursday, American Airlines posted a loss of more than $2 billion, and Southwest Airlines said it lost $915 million. That pushed the combined second-quarter loss of the nations four biggest airlines to more than $10 billion. The company said Friday that second quarter revenue plunged 35% and it lost $3.43 billion.