Posts filtered on Tag

crude oil prices

Petrobras workers walk on platform 51 "Majuro" in Angra dos Reis, Brazil. (AP Photo/Ricardo Moraes)

Oil job cuts subside as crude prices stabilize, report says

on
Stable $60 oil gave the U.S. energy sector a break from mass layoff announcements in May and June.
drill rig

Rig rout puts smaller drillers in front as oil majors scale back

on
Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
(DEwira/AFP/Getty Images)

IEA’s “missing barrels” may take a bite out of crude supply glut

on
The sea of oil drowning oil markets may be only half as deep as the International Energy Agency is estimating, according to analysts.
Workers remove the drill pipe on the drilling floor of Development Driller III, which drilled the relief well and pumped the cement to seal the Macondo well, the source of the Deepwater Horizon rig explosion and oil spill, in the Gulf Of Mexico, off the coast of Louisiana, Saturday, Sept. 18, 2010. (AP Photo/Gerald Herbert)

Sabine Oil & Gas skips $21 million interest payment

on
Sabine is just the latest U.S. oil producer to show signs of financial stress in the oil market crash. Oil producers Quicksilver Resources, Dune Energy, BPZ Resources and American Eagle Energy have all filed for bankruptcy protection this year.
(DEwira/AFP/Getty Images)

OPEC oil output near 2 1/2-year high as Saudis show no letup

on
Prices tumbled the first quarter of this year as U.S. output surged to the highest level in more than four decades and OPEC members pumped more barrels.
(Daniel Acker/Bloomberg)

World’s biggest oil trader says crude price can’t drop much more

on
Oil prices will range from $50 a barrel to $70 a barrel in the second half of this year, Ian Taylor, the firm’s chief executive officer, said in an interview.
(AP Photo/Brennan Linsley)

Schlumberger CEO lays out his plan to weather the crude crash

on
The growing re-fracturing business is one that could boost Schlumberger’s suffering bottom line amid tumbling commodity prices.
(AP file photo/John Moore)

Saudi Aramco signs $10 billion loan as oil companies raise funds

on
Saudi Aramco, the world’s biggest oil exporter, is the latest oil company in the region to take advantage of low borrowing costs to raise funds.
(Photographer: Eddie Seal, Bloomberg)

Oil rigs fall by lowest number since December

on
Total rigs drilling for both oil and natural gas fell by 21 to 1,048, with gas rigs down 9 to 233, and miscellaneous rigs unchanged at 2.
Laboratory analyst, Syed Ali, takes some measurements in a lab in the research and development building, at the Baker Hughes facility. (Todd Spoth/For the Chronicle)

Dallas Fed: Texas job growth to slow, Houston to see the biggest impact

on
Declines in the oil and gas industry, tight labor markets and weakening exports led to the revision, the Federal Reserve Bank of Dallas wrote Tuesday.