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2015-10-19 19:30:00

OIL CUTS MORE JOBS

OIL CUTS MORE JOBS

Two of the biggest independent oil explorers in the North Sea have predicted a further 10,000 jobs will be lost from the sector, indicating a growing acceptance that oil prices are stuck in a prolonged slump.

Since late last year, 5,500 people directly employed in the industry have lost their jobs — 15 per cent of the total workforce — due to the fall in the price of oil, according to Oil & Gas UK, a trade body for the offshore sector.

But executives and experts warn the worst is yet to come as the industry adapts to expectations that the oil price could stay low for many more months.

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Tags: OIL, PRICES, JOBS
OIL CUTS MORE JOBS February, 18, 12:30:00

OIL PRICE: ABOVE $66

OIL CUTS MORE JOBS February, 18, 12:25:00

OIL DEMAND GROWTH 1.4 MBD

OIL CUTS MORE JOBS February, 18, 12:20:00

BRENT OIL: UNDERVALUED

OIL CUTS MORE JOBS February, 18, 12:15:00

U.S. OIL PRODUCTION 11.9 MBD AGAIN

OIL CUTS MORE JOBS February, 18, 12:10:00

BENEFIT FOR RUSSIA

OIL CUTS MORE JOBS February, 18, 12:05:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

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Chronicle:

OIL CUTS MORE JOBS
2019, February, 18, 12:00:00

БЫСТРАЯ СИЛА СИБИРИ

ГАЗПРОМ - Как отметил по итогам переговоров Алексей Миллер, «строительство газопровода „Сила Сибири“ идет с опережением графика, „Газпром“ начнет поставки газа в Китай раньше намеченного срока — уже с 1 декабря 2019 года».

OIL CUTS MORE JOBS
2019, February, 18, 11:55:00

U.S. TIGHT OIL PRODUCTION 7 MBD

U.S. EIA - In December 2018, U.S. shale and tight plays produced about 65 billion cubic feet per day (Bcf/d) of natural gas (70% of total U.S. dry gas production) and about 7 million barrels per day (b/d) of crude oil (60% of total U.S. oil production). A decade ago, in December 2008, shale gas and tight oil accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production.

OIL CUTS MORE JOBS
2019, February, 18, 11:50:00

U.S. SHALE NEED INVESTMENT

REUTERS - On Thursday, the regional price of crude was at a $1.10 a barrel premium to U.S. crude futures, the strongest in more than a year as companies including Parsley Energy, Pioneer Natural Resources, Goodrich Petroleum Corp have pared their exploration budgets, easing the constraints.

OIL CUTS MORE JOBS
2019, February, 18, 11:45:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.6%

U.S. FRB - Industrial production decreased 0.6 percent in January after rising 0.1 percent in December.

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