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Tag: oil
Analyst: Most North Sea Oil Output In The Money But Decom Bill Looms
2020-03-23 14:35:04| OGI
The North Sea between Britain and Norway, home of the Brent crude stream that underpins global oil prices, is one of the worlds oldest and most expensive oil basins.
Seismic Firm Polarcus Project Cancellations Highlight Oil Price Slump
2020-03-23 13:50:31| OGI
Polarcus Ltd., which operates ships that search for offshore oil and gas, announced two project cancellations on March 23 that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.
Oil Companies Cut Hundreds of Jobs in Texas, New Mexico
2020-03-23 10:10:00| OGI
Apache said it would cut 85 people in its Midland, Texas office, while oilfield firm FTS International said it would lay off 35 workers in Fort Worth, Texas and 85 workers in Hobbs, N.M.
Tags: jobs
companies
mexico
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US Lawmakers Ask Interior To Cut Offshore Oil Royalty Rates Due To Market Slump
2020-03-20 21:50:36| OGI
The economic fallout of the outbreak combined with a price war between major oil producer nations Saudi Arabia and Russia has triggered a slump in crude oil prices that threatens the once booming U.S. drilling industry.
US To Send Official To Saudi Arabia As Texas Regulator Suggests Oil Cuts
2020-03-20 20:00:00| OGI
Texas oil regulator Ryan Sitton said OPEC Secretary-General Mohammad Barkindo was "kind enough to invite me to the next OPEC meeting in June."
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