Completing

Oilfield services giant Schlumberger Ltd. apparently is close to completing a transaction to buy Houston-based Smith International Inc., which is one of the largest drillbit producers in the world.

Oilfield services giant Schlumberger Ltd. apparently is close to completing a transaction to buy Houston-based Smith International Inc., which is one of the largest drillbit producers in the world.

Oilfield services giant Schlumberger Ltd. apparently is close to completing a transaction to buy Houston-based Smith International Inc., which is one of the largest drillbit producers in the world.

Pacific Gas and Electric did not extend a systemwide low-inventory OFO beyond Tuesday.

In its final quarterly earnings report before completing its merger with Suncor Energy Inc., Petro-Canada Corp. said Thursday continuing effects of the economic recession led it to a 91% quarterly earnings tumble, with 2Q2009 earnings of C$99 million (20 cents/share), compared with C$1.15 billion ($2.38/share) in 2Q2008.

In its final quarterly earnings report before completing its merger with Suncor Energy Inc., Petro-Canada Corp. said Thursday continuing effects of the economic recession led it to a 91% quarterly earnings tumble, with 2Q2009 earnings of C$99 million (20 cents/share), compared with C$1.15 billion ($2.38/share) in 2Q2008.

Sen. Barbara Boxer (D-CA), chairman of the Senate Environment and Public Works Committee, last week pushed back her timeline for completing mark-up on climate change legislation to early September.

Sen. Barbara Boxer (D-CA), chairman of the Senate Environment and Public Works Committee, has pushed back her timeline for completing mark-up on climate change legislation to early September.

The Bureau of Land Management (BLM) Utah state office has delayed completing the sale of all 31 of the oil and natural gas lease parcels won by bidders at auction Tuesday pending additional reviews.