A more than 50% decline in crude oil
prices has forced companies engaged in the oil and gas industry to
substantially cut back on costs. Part of the cost cutting strategy involves
cutting back on non-core activities, stream lining operations, and focusing
more on core activities. Schlumberger Limited (NYSE:SLB), which is one of the
largest oil service provider of the world, is laying off workers in Venezuela
and is also pulling out of projects in the country as part of its cost cutting
strategy. More… 
Tuesday, September 6, 2016
Schlumberger Limited. (SLB) Scaling Operations in Venezuela: Here's Why
A more than 50% decline in crude oil
prices has forced companies engaged in the oil and gas industry to
substantially cut back on costs. Part of the cost cutting strategy involves
cutting back on non-core activities, stream lining operations, and focusing
more on core activities. Schlumberger Limited (NYSE:SLB), which is one of the
largest oil service provider of the world, is laying off workers in Venezuela
and is also pulling out of projects in the country as part of its cost cutting
strategy. More… 
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