Day: September 4, 2020

Liberty (and Justice) For All

The world’s largest oilfield services provider, Schlumberger, is selling its North American fracking business to Liberty Oilfield Services for a minority stake (37%) in the new combined company after the oil price crash crushed the U.S. shale patch’s fracking activity. The news comes just days after Schlumberger announced a partnership with Thermal Energy Partners to create STEP Energy, a geothermal project development company. Is Schlumberger getting out of oil?