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2015, January, 31, 15:55:00
U.S.: 90 RIGS DOWN
The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker Hughes Inc. reported.
2015, January, 31, 15:50:00
OIL PRICES DECLINED
As supply and demand balances loosened in the second half of 2014, global inventories increased and crude oil prices for near-term delivery declined substantially more than prices for delivery further into the future.
2015, January, 31, 15:45:00
2015: M&A MAXIMUM
Low oil prices might drive surge in restructuring in 2015
2015, January, 31, 15:35:00
ARCTIC OCEAN CLOSED
Offshore drilling plan may restrict sensitive Arctic Ocean areas
2015, January, 31, 15:30:00
CHEVRON 2015: $31.6 BLN INVESTMENT
Chevron’s $35 billion capital budget down 13% from last year
2015, January, 31, 15:10:00
CONOCO CUTS $2 BLN
ConocoPhillips has shed an additional $2 billion from its capital expenditures for 2015, decreasing total spending to $11.5 billion from the previously reported $13.5 billion, in response to the continued decline in oil prices.
2015, January, 31, 15:05:00
SHALE: MORE JOBS
The US shale oil and gas renaissance has created a manufacturing rebound that could produce even more jobs and stimulate further economy growth with the right conditions, the American Shale & Manufacturing Partnership said in a recent report.
