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2015, March, 18, 21:10:00
OIL DEMAND GROWTH
Steady climb in global demand growth prompts slight upward revision of 2015 forecast.
2015, March, 18, 21:05:00
WIDE RANGE OF JOBS
Removing U.S. oil ban would create jobs beyond drilling
2015, March, 18, 21:00:00
U.S. RIGS DOWN 67
The US drilling rig count plunged 67 units—64 on land and 56 targeting oil—to settle at 1,125 rigs working during the week ended Mar. 13, according to data from Baker Hughes Inc.
2015, March, 18, 20:55:00
NEXEN CUTS 400 JOBS
Nexen Energy ULC, a wholly owned subsidiary of CNOOC Ltd., has reported organizational changes that will result in the reduction of 340 jobs in North America and 60 jobs in the UK, spurred by the decline in crude oil prices.
2015, March, 18, 20:50:00
LUKOIL CAME TO CAMEROON
LUKOIL closed a transaction to enter a project to develop the Etinde block offshore the Republic of Cameroon in the Gulf of Guinea (West Africa).
2015, March, 18, 20:03:00
THE NEW RUSSIAN EMPIRE - 2
Russian oligarch Mikhail Fridman’s investment fund said Wednesday it sent a “detailed response” to U.K. government objections to its deal to take over offshore natural-gas fields amid a period of icy relations between Moscow and the West.
2015, March, 13, 22:15:00
RUSSIA’S GAS STRATEGY
As most of Russia’s energy exports go to the European Union, both players are strongly interdependent. For Russia, energy resources, especially gas, are viewed as a tool to project power beyond its borders.
2015, March, 13, 22:10:00
8,000 JOBS TO UK
UK oil and gas companies expect to create thousands of jobs over the next two years despite the dramatic slide in oil prices.
2015, March, 13, 22:05:00
GE IS CUTTING
Not long ago, oil looked like a black gold mine for General Electric. The company known for toaster ovens and lightbulbs wrapped up a three-year, $10 billion buying spree in 2013 to bolster the growing oil and gas equipment unit that helped GE recover from the financial crisis. The company bulked up with the expectation that crude prices would remain at about $100 a barrel for years.