News
2015, April, 25, 22:00:00
CONOCO SELLS NORWAY
ConocoPhillips, the third-largest U.S. oil producer, is exploring the sale of some its North Sea assets in Norway as it seeks to divest overseas operations, two people with knowledge of the matter said.
2015, April, 25, 22:00:00
WEATHERFORD 10,000 LAYOFFS
Weatherford International raised its layoff target to 10,000 positions on Thursday after booking an over 50 percent income drop in the first quarter.
2015, April, 24, 22:35:00
U.S. OIL NIGHTMARE
North Dakota Democrats are predicting a “nightmare scenario” for future state revenues if the Republican-led Legislature radically restructures oil taxes as a hedge against falling crude prices.
2015, April, 24, 22:20:00
SAUDI OIL RECORD
Oil Minister Ali al-Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom's willingness to defend market share at a time when oil markets have staged a fragile recovery.
2015, April, 24, 22:05:00
EUROPE TREATS GAZPROM
Brussels will on Wednesday accuse Russia’s Gazprom of illegal abuse of its dominant position in Europe’s gas market, unveiling antitrust charges that threaten to inflame already difficult relations with Moscow.
2015, April, 24, 22:00:00
THE NEW RUSSIAN EMPIRE – 5
The UK is to force Russian billionaire Mikhail Fridman to sell a dozen North Sea gas fields owned by his $10bn energy fund L1 Energy, giving him just three months to comply or lose operating rights.
2015, April, 24, 21:55:00
WEATHERFORD CUTS JOBS
Oil services company Weatherford International Plc increased the total number of employees it is looking to lay off in 2015 to 10,000 as it copes with the fall in oil prices.
2015, April, 24, 21:50:00
HALLIBURTON CUTS 9,000 JOBS
Halliburton has cut 9,000 jobs in about six months and is considering additional cost-cutting moves as falling oil prices reduce demand for its drilling help.
2015, April, 24, 21:45:00
BAKER HUGHES Q1 2015 RESULTS
Revenue for the first quarter of 2015 was $4.6 billion, down 20% compared to the first quarter of 2014.
2015, April, 24, 21:40:00
SCHLUMBERGER Q1 2015 RESULTS
Schlumberger Announces First-Quarter 2015 Results
2015, April, 18, 16:40:45
OPEC OIL QUOTAS
OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a deal over its nuclear work, an OPEC delegate said.
2015, April, 18, 16:35:00
OPEC PRODUCTION UP 800,000 BPD
OPEC boosted its production to 30.72 million barrels per day in March, the group’s highest monthly output since November 2012.
2015, April, 18, 16:30:00
OIL PRICES UP
Crude oil prices for May delivery climbed for a sixth consecutive day on both New York and London markets Apr. 16, which analysts attributed to signs of a possible slowing in US oil production.
2015, April, 18, 16:25:00
U.S. RIGS DOWN 34
U.S. Rig Count is down 34 rigs from last week to 954, with oil rigs down 26 to 734, gas rigs down 8 to 217, and miscellaneous rigs unchanged at 3.
2015, April, 18, 16:20:00
U.S. OIL PRODUCTION DOWN 57,000 BPD
U.S. shale well productivity rates should keep ticking up in May although total production will fall by 57,000 barrels per day, according to a new report by the U.S. Energy Information Administration.
