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Tonight on the BLOOMBERG TELEVISION® program VENTURE, host Cris Valerio talks to Brilliant Earth Co-Founder Eric Grossberg, about the diamond industry, working with conflict free diamonds, and how social entrepreneurship drives his bottom line. He talks about how the15 percent drop in diamond prices in the past six months is actually helping his business, “There is an opportunity with diamond prices going down because we don't hold a lot of inventory as those prices go down we can pass that on immediately to consumers, where a lot of our competitors in the market are holding inventory that they purchased at higher prices and can't do the same.”Venture gives BLOOMBERG TELEVISION(R) viewers an inside look at what it takes to be an entrepreneur.  The weekly half-hour program will feature interviews with entrepreneurs and small business owners, focusing on issues and policy that impacts the way Main Street does business.  “Venture” airs on Friday nights at 8:00PM

By JOHN PORRETTO Schlumberger Ltd. said Friday its first-quarter earnings tumbled about 30 percent as oil and natural gas companies cut back on exploration and drilling due to lower prices and demand.

Florida Chief Financial Officer Alex Sink took a swing at a proposal to open Florida's coastline to oil exploration, saying it would jeopardize the state's public land and threaten the tourist industry.

Oil firms shelve plans to carry out undersea seismic work to ensure the grey whales' breeding season is undisturbed.

Oil firms shelve plans to carry out undersea seismic work to ensure the gray whales' breeding season is undisturbed.

Schlumberger's CEO is echoing earlier comments from Halliburton's chief that oil services firms can expect work as war-torn Iraq moves to develop its vast oil reserves.

Italy's largest energy company, Eni SpA, on Friday reported a 43 percent drop in first quarter profits due to the sharp reduction in oil prices and European gas consumption, and cut its production forecast for the year due to lower demand.

Suncor Energy Inc. said it had an operationally strong first quarter, despite having been dragged to a loss by low oil prices and various accounting and foreign exchange impacts.

Price-less Inkjet Cartridge Co. (PICINK) in partnership with PRC Technologies makes printing greener by introducing soy based laser toner cartridges.

ConocoPhillips set the stage Thursday for what is likely to be a bleak batch of financial reports from major oil and gas companies in coming days.