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Declining oil prices forcing industry to cut jobs in Tulsa

2015-01-17 20:39:29| Energy - Topix.net

The Tulsa World reports that Apache Corp., Baker Hughes and Schlumberger have begun laying off employees in response to the oil price crash in the past six months. Apache Corp. has announced across-the-board job cuts that will likely impact several hundred employees companywide and at least some in Tulsa.

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Declining oil prices forcing industry to cut jobs in Tulsa

2015-01-17 20:21:53| Oil & Gas - Topix.net

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Non-OPEC Producers Called Cut Oil Output After Rout

2014-12-21 01:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Crude tumbled into a bear market this year as oil extraction soared at shale formations in Texas and North Dakota as companies split rocks using high-pressure liquid, a process known as hydraulic fracturing, or fracking. Photographer: Andrew Burton/Getty Images Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming non-OPEC producers for the glut of oil thats driven prices to the lowest in five years. Suppliers from outside the Organization...

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Marathon Oil to cut 2015 budget 20 percent

2014-12-19 07:00:08| Oil & Gas - Topix.net

Houston-based Marathon Oil Corp. is the latest energy company to cut its 2015 budget in the wake of falling oil prices. Marathon expects its 2015 capital, investment and exploration budget will be about 20 percent lower than equivalent spending in 2014, excluding its recently disposed Norway business.

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