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Upstream

Upstream
2016, January, 5, 16:40:00
SAUDI'S RESTRICTIONS UP
The changes come at a difficult time for the Saudi kingdom, which is still adjusting to last year's leadership transition while also facing pressure from regional rivals like Iran.
Upstream
2016, January, 5, 16:35:00
UK OIL & GAS UP 7%
“While the UK offshore oil and gas industry is having to adapt to the low oil price and driving greater efficiencies throughout its operations the fact is that the value of our product has more than halved," she said. "Times are really tough for this industry and for the people working in it. We will continue to see job losses as we move into 2016 and we must be thoughtful and supportive of our colleagues and their families who are being made redundant or who are at risk of being made redundant."
Upstream
2016, January, 5, 16:30:00
U.S. RIGS DOWN 2
U.S. Rig Count is down 2 rigs from last week to 698, with oil rigs down 2 to 536, and gas rigs are unchanged from last week, at 162.