Schlumberger, the world’s number one oilfield services provider, is to cut  37 jobs from its  plant in Antrim, as it focuses on controlling costs amid   falling oil prices. Photograph: Atef Hassan/Reuters

Oilfield services company Schlumberger is to cut 37 jobs from its workforce at its plant in Newtownabbey, Co Antrim. Unite deputy regional secretary J(...)

The Parliament Buildings in the Stormont Estate in Belfast

Northern Ireland is entering a “new economic era” and it needs to get the word out that it offers more than just a good economic proposition, the Nort(...)

Oil explorer Kosmos is withdrawing from three licences in the Porcupine Basin, to the west and southwest of Kerry, where it has shared interests with Europa Oil & Gas and Antrim Energy. File photograph: Bloomberg

US-listed oil and gas explorer, Kosmos, is pulling out of its three joint ventures off the Irish coast, its partners confirmed on Tuesday. Kosmos is w(...)

Employment gains in July were concentrated in service industries.

US employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could op(...)

A woman walking in Bryant Park in New York. The US economy revived in the second quarter after a tepid start to the year, boosted by increased consumer spending and exports

US economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a(...)

Michael O’Dwyer: chief executive of TyreCheck, a supplier of business automation, fleet and tyre management, customer relationship management and tyre sales solutions to the global tyre market 0:50

Michael O’Dwyer is the chief executive of TyreCheck, a supplier of business automation, fleet and tyre management, customer relationship management an(...)

A working oil pump. Schlumberger will focus on controlling costs amid plummeting oil prices. Photograph: Reuters/Vincent Kessler

Schlumberger, the world’s biggest oilfield-services company, tackled the “uncertain environment” of plummeting crude prices head-on by cutting about 9(...)

Dublin index heavyweight CRH added 1.17 per cent to close at €19.83

European markets rose as oil company gains helped to counterbalance a sharp fall in Swiss equities sparked by the country’s national bank decision to(...)

Halliburton has expressed confidence that the deal will clear regulatory hurdles, but Baker Hughes shares were trading well below the offer yesterday, suggesting that investors were not so sure. Photograph: Ronald Martinez/Getty Images

Halliburton is to buy Baker Hughes for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberg(...)

In Dublin, Aer Lingus shares rose 3.4 per cent, marking  a reversal of recent sentiment towards airline stocks in the wake of the Ebola scare. Photograph: Alan Betson

European stocks rose yesterday, ending the longest rout in 11 years, while Italian and Greek bonds gained on prospects for more stimulus. Ten-year It(...)