Wall Street backs away from Arctic drilling amid Alaska political heat

ANCHORAGE, Alaska (Reuters) – Three big U.S. banks have publicly announced break-ups with Arctic drilling in recent months, reflecting Wall Street’s increasing desire to cast itself as environmentally friendly amid a political firestorm in Alaska. Banks and investment managers have been backing away from fossil-fuel development in the face of Continue Reading

Halliburton profit falls 32% on weak North America drilling

FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., April 30, 2016. REUTERS/Andrew Cullen/File Photo (Reuters) – Halliburton Co (HAL.N) reported a 32% slump in quarterly profit on Monday, hit by weak demand for its services and equipment from oil and gas producers Continue Reading