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3h
AllAfrica.com
Prolonged Price Slump Prompts New Budget Cuts By Oil GiantsWith crude oil prices hitting below $30 and no sign of recovery any time soon,
Prolonged Price Slump Prompts New Budget Cuts By Oil Giants
AllAfrica.com / Posted 3 hours ago
With crude oil prices hitting below $30 and no sign of recovery any time soon, oil and gas companies around the world are shelving investment and cutting jobs, under a new wave of budget slashing. According to Rystad Energy, global oil and gas... Read more
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16h
Offshore Magazine
OFFSHORE EUROPEJeremy Beckman • London UK, Norway level in well returns Drilling activity ha
OFFSHORE EUROPE
Offshore Magazine / Posted 16 hours ago
Jeremy Beckman • London UK, Norway level in well returns Drilling activity has stayed strong offshore Norway despite the oil price slump, according to analyst Hannon Westwood (HW). In contrast, UK well numbers have fallen back to a level last seen... Read more
23h
Fortune
Here’s How Oil Companies Are Scrambling to Survive the Price CrashAs oil and gas companies cut ever-deeper into the bone to weather their worst d
Here’s How Oil Companies Are Scrambling to Survive the Price Crash
Fortune / Posted 23 hours ago
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70% over the past 18 months to around $35... Read more
6 related stories
1d
AllAfrica.com
NEEC Determined to Promote 'Kijana Jiajiri'Morogoro became the fourth region to join Kijana Jiajiri, a programme that seek
NEEC Determined to Promote 'Kijana Jiajiri'
AllAfrica.com / Posted yesterday
Morogoro became the fourth region to join Kijana Jiajiri, a programme that seeks to expand and enhance support to underserved young entrepreneurs aged between 18 and 35 years and implemented by Tanzania Entrepreneurship and Competitiveness Centre... Read more
1d
The Star
As Big Oil shrinks, boards plot different paths out of crisisBritain's BP is betting on offshore gas in Egypt LONDON/HOUSTON: As oil and ga
As Big Oil shrinks, boards plot different paths out of crisis
The Star / Posted yesterday
Britain's BP is betting on offshore gas in Egypt LONDON/HOUSTON: As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude... Read more
6 related stories
2d
The Malaysian Insider
As Big Oil shrinks, boards plot different paths out of crisis Published: 7 February 2016 4:57 PM A BP and a Shell oil and gas station is p
As Big Oil shrinks, boards plot different paths out of crisis
The Malaysian Insider / Posted 2 days ago
Published: 7 February 2016 4:57 PM A BP and a Shell oil and gas station is pictured in Hall in Tirol, Austria, February 2, 2016. – Reuters pic, February 7, 2016.As oil and gas companies... Read more
6 related stories
2d
Channel NewsAsia
As Big Oil shrinks, boards plot different paths out of crisisLONDON/HOUSTON: As oil and gas companies cut ever-deeper into the bone to weath
As Big Oil shrinks, boards plot different paths out of crisis
Channel NewsAsia / Posted 2 days ago
LONDON/HOUSTON: As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past... Read more
6 related stories
2d
Reuters
As Big Oil shrinks, boards plot different paths out of crisisA Chevron gas station is seen in Cardiff, California January 25, 2016. LONDON/
As Big Oil shrinks, boards plot different paths out of crisis
Reuters / Posted 2 days ago
A Chevron gas station is seen in Cardiff, California January 25, 2016. LONDON/HOUSTON As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of... Read more
6 related stories
2d
Zawya
As Big Oil shrinks, boards plot different paths out of crisisOil & GasAs Big Oil shrinks, boards plot different paths out of crisis * Companies seek
As Big Oil shrinks, boards plot different paths out of crisisOil & Gas
Zawya / Posted 2 days ago
As Big Oil shrinks, boards plot different paths out of crisis * Companies seek to safeguard growth for when market recovers * U.S. firms abandon deepwater projects for shale oil fields * Britain's BP bets on Egyptian gas, Shell on major... Read more
6 related stories
2d
TribLIVE
Falling prices, slowdowns in oil, gas industries mean smaller checks for landowners | TribLIVE Neighborhoods Ethan Ward (left) and his friend Ryan Sperling st
Falling prices, slowdowns in oil, gas industries mean smaller checks for landowners
TribLIVE / Posted 2 days ago
| TribLIVE Neighborhoods Ethan Ward (left) and his friend Ryan Sperling stand... Read more
2d
Newsmax
Bloomberg: Dividend Cuts Surpass 2008In 2015, equity investors looking for yield suffered death by 394 cuts. Last y
Bloomberg: Dividend Cuts Surpass 2008
Newsmax / Posted 2 days ago
In 2015, equity investors looking for yield suffered death by 394 cuts. Last year, the number of dividend reductions far surpassed 2008, according to Bespoke Investment Group, citing data from Standard & Poor's. The ratcheting down of payouts to... Read more
3d
The Bristol Bay Times
Walker outlines priorities for Arctic in 20162015 saw increased attention paid to the Arctic from the international communit
Walker outlines priorities for Arctic in 2016
The Bristol Bay Times / Posted 3 days ago
2015 saw increased attention paid to the Arctic from the international community and the state. Issues like climate change, an uptick in marine traffic, and infrastructure concerns have driven many of the discussions among stakeholders so far this... Read more
3d
The Register NorthJersey.com
Another sign of rough sledding ahead: Dividend cuts top 2008In 2015, equity investors looking for yield suffered death by 394 cuts. Last y
Another sign of rough sledding ahead: Dividend cuts top 2008
The Register NorthJersey.com / Posted 3 days ago
In 2015, equity investors looking for yield suffered death by 394 cuts. Last year, the number of dividend reductions far surpassed 2008, according to Bespoke Investment Group, citing data from Standard & Poor's. The ratcheting down of payouts to... Read more
3d
Offshore Magazine
Statoil to clarify Njord future plans by year-endOffshore staff ABERDEEN, UK – Production from the Njord and Hyme fields in the
Statoil to clarify Njord future plans by year-end
Offshore Magazine / Posted 3 days ago
Offshore staff ABERDEEN, UK – Production from the Njord and Hyme fields in the Norwegian Sea will be suspended at the end of May, after which the Njord A and B facilities will likely to be towed to shore, according to partner Faroe Petroleum. The... Read more
3d
Offshore Magazine
Industry braces for another round of job cutsOffshore staff BP announced plans to cut another 4,000 jobs from its global oi
Industry braces for another round of job cuts
Offshore Magazine / Posted 3 days ago
Offshore staff BP announced plans to cut another 4,000 jobs from its global oil production operations this year, including in the United States, to cope with the ongoing downturn in crude prices. That is roughly 16% of the British oil major’s... Read more
3d
Offshore Magazine
Balltec finishes pipeline project for StatoilOffshore staff MORECAMBE, UK – Balltec Engineered Solutions has successfully c
Balltec finishes pipeline project for Statoil
Offshore Magazine / Posted 3 days ago
Offshore staff MORECAMBE, UK – Balltec Engineered Solutions has successfully completed work using its subsea smart plug launcher, used in Statoil’s infrastructure upgrade methodology for the Åsgard Millom pipeline offshore Norway. The Balltec plug... Read more
4d
Times of Malta
Shell ready for more cost cuts as earnings fall 87%Royal Dutch Shell, Europe’s largest oil company, reported its lowest annual inc
Shell ready for more cost cuts as earnings fall 87%
Times of Malta / Posted 4 days ago
Royal Dutch Shell, Europe’s largest oil company, reported its lowest annual income in over a decade yesterday and said it would take further steps to cut costs to cope with weak oil prices if needed. Shell, whose shareholders last week approved its... Read more
50 related stories
4d
San Antonio Express-News
Statoil's Earnings May Stink, but Management Remains Strangely OptimisticAs with every other company in the oil and gas space, Statoil's most recent ea
Statoil's Earnings May Stink, but Management Remains Strangely Optimistic
San Antonio Express-News / Posted 4 days ago
As with every other company in the oil and gas space, Statoil's most recent earnings left quite a bit to be desired. Unlike others, though, Statoil management seemed much more upbeat about the future and how the company will be able to manage the... Read more
4d
EuroNews
Royal Dutch Shell is latest to have profit hammered by low oil pricesRoyal Dutch Shell has reported its lowest annual income in at least 13 years. I
Royal Dutch Shell is latest to have profit hammered by low oil prices
EuroNews / Posted 4 days ago
Royal Dutch Shell has reported its lowest annual income in at least 13 years. It fell 87 percent to $1.94 billion (1.73 billion euros), in line with analysts’ estimates. That fact that it was not worse than anticipated meant Shell’s share rose 5.47... Read more
50 related stories
4d
Channel NewsAsia
European shares rise with Wall Street in choppy tradeLONDON: European and US shares were mostly firmer on Thursday (Feb 4) after a c
European shares rise with Wall Street in choppy trade
Channel NewsAsia / Posted 4 days ago
LONDON: European and US shares were mostly firmer on Thursday (Feb 4) after a choppy session as investors fretted about a stronger euro and braced for US labour data. Among the eurozone's main exchanges, Germany's DAX index stood out from the pack,... Read more
4d
Northern Daily Leader
Oil surges, boosting sentimentLocal shares are poised to open higher as a surge in the price of oil, up almos
Oil surges, boosting sentiment
Northern Daily Leader / Posted 4 days ago
Local shares are poised to open higher as a surge in the price of oil, up almost 7 per cent in New York, has bolstered risk tolerance. Local shares are poised to open higher as a surge in the price of oil, up almost 7 per cent in New York, has... Read more
19 related stories
4d
Zero Hedge
Futures Flat As Dollar Weakness Persists, Crude Rally FizzlesAfter yesterday's torrid, chaotic moves in the market, where an initial drop in
Futures Flat As Dollar Weakness Persists, Crude Rally Fizzles
Zero Hedge / Posted 4 days ago
After yesterday's torrid, chaotic moves in the market, where an initial drop in stocks was quickly pared and led to a surge into the close after a weaker dollar on the heels of even more disappointing US data and Bill Dudley's "serious consequences"... Read more
4 related stories
4d
TheStreet.com
European stocks rise as oil prices recoverLONDON ( The Deal) -- European stocks rose on Thursday as oil and commodities p
European stocks rise as oil prices recover
TheStreet.com / Posted 4 days ago
LONDON ( The Deal) -- European stocks rose on Thursday as oil and commodities prices recovered, flattering the London benchmark by lifting energy and resources companies. In the eurozone, in a speech at Germany's Bundesbank, European Central Bank... Read more
4d
iafrica.com
Shell's profits plunge on oil slumpThe Shell logo. Credit: Flickr/Mike Mozart Royal Dutch Shell on Thursday annou
Shell's profits plunge on oil slump
iafrica.com / Posted 4 days ago
The Shell logo. Credit: Flickr/Mike Mozart Royal Dutch Shell on Thursday announced an 87-percent plunge in annual net profits on slumping oil prices. The Anglo-Dutch group reported profit after tax of $1.94 billion (1.75 billion euros) for 2015,... Read more
50 related stories
5d
Daily Herald
Statoil reports larger 4th quarter loss after oil price dropHELSINKI -- Norwegian energy group Statoil posted a net loss of 9.2 billion kro
Statoil reports larger 4th quarter loss after oil price drop
Daily Herald / Posted 5 days ago
HELSINKI -- Norwegian energy group Statoil posted a net loss of 9.2 billion kroner ($1.08 billion) for the fourth quarter amid the drop in oil prices. Norway's biggest oil company said Thursday the quarterly results "continue to be severely... Read more
5d
The Globe and Mail
Shell vows more cuts as annual profit sinks on weak oilRoyal Dutch Shell, Europe’s largest oil company, reported its lowest annual inc
Shell vows more cuts as annual profit sinks on weak oil
The Globe and Mail / Posted 5 days ago
Royal Dutch Shell, Europe’s largest oil company, reported its lowest annual income in at least 13 years on Thursday, vowing to take further steps to weather the worst downturn in over a decade. Shell, whose shareholders last week approved its... Read more
6 related stories
5d
The Globe and Mail
Statoil cuts spending, to offer share option on dividendsNorway’s Statoil pledged on Thursday to keep cutting capital spending as oil pr
Statoil cuts spending, to offer share option on dividends
The Globe and Mail / Posted 5 days ago
Norway’s Statoil pledged on Thursday to keep cutting capital spending as oil prices fall after reporting better than expected fourth-quarter results, and said it would give shareholders the option to take their dividends in shares instead of... Read more
5d
FOX Business
Shell Vows More Cuts as Profit Sinks on Oil PricesRoyal Dutch Shell, Europe's largest oil company, reported its lowest annual inc
Shell Vows More Cuts as Profit Sinks on Oil Prices
FOX Business / Posted 5 days ago
Royal Dutch Shell, Europe's largest oil company, reported its lowest annual income in at least 13 years on Thursday, vowing to take further steps to weather the worst downturn in over a decade. Shell, whose shareholders last week approved its... Read more
6 related stories
5d
FOX Business
Shell Vows More Cuts as Profit Sinks on Oil PricesRoyal Dutch Shell, Europe's largest oil company, reported its lowest annual inc
Shell Vows More Cuts as Profit Sinks on Oil Prices
FOX Business / Posted 5 days ago
Royal Dutch Shell, Europe's largest oil company, reported its lowest annual income in at least 13 years on Thursday, vowing to take further steps to weather the worst downturn in over a decade. Continue Reading Below Shell, whose shareholders last... Read more
6 related stories
5d
IAfrica South African Business News
Shell's profits plunge on oil slumpThe Shell logo. Credit: Flickr/Mike Mozart Royal Dutch Shell on Thursday annou
Shell's profits plunge on oil slump
IAfrica South African Business News / Posted 5 days ago
The Shell logo. Credit: Flickr/Mike Mozart Royal Dutch Shell on Thursday announced an 87-percent plunge in annual net profits on slumping oil prices. The Anglo-Dutch group reported profit after tax of $1.94 billion (1.75 billion euros) for 2015,... Read more
50 related stories
5d
iol.co.za
Shell profit plunges 87%Amsterdam - Royal Dutch Shell on Thursday announced an 87 percent plunge in ann
Shell profit plunges 87%
iol.co.za / Posted 5 days ago
Amsterdam - Royal Dutch Shell on Thursday announced an 87 percent plunge in annual net profits on slumping oil prices. The Anglo-Dutch group reported profit after tax of $1.94 billion (1.75 billion euros) for 2015, compared with almost $15 billion... Read more
50 related stories
5d
Channel NewsAsia
Shell vows more cuts as annual profit sinks on weak oil pricesLONDON: Royal Dutch Shell , Europe's largest oil company, reported its lowest a
Shell vows more cuts as annual profit sinks on weak oil prices
Channel NewsAsia / Posted 5 days ago
LONDON: Royal Dutch Shell , Europe's largest oil company, reported its lowest annual income in at least 13 years on Thursday, vowing to take further steps to weather the worst downturn in over a decade. Shell, whose shareholders last week approved... Read more
6 related stories
5d
Reuters
Shell vows more cuts as annual profit sinks on weak oil pricesShell branding is seen at a petrol station in west London, January 29, 2015. L
Shell vows more cuts as annual profit sinks on weak oil prices
Reuters / Posted 5 days ago
Shell branding is seen at a petrol station in west London, January 29, 2015. LONDON Royal Dutch Shell (RDSa.L), Europe's largest oil company, reported its lowest annual income in at least 13 years on Thursday, vowing to take further steps to weather... Read more
6 related stories
5d
Market Watch
Norway's Statoil net loss deepensNorway's Statoil plans to reduce capital expenditure by nearly 12% this year an
Norway's Statoil net loss deepens
Market Watch / Posted 5 days ago
Norway's Statoil plans to reduce capital expenditure by nearly 12% this year and step up its cost-cutting program in response to collapsing oil prices which led to a wider net loss in the fourth quarter, against market expectations. The company said... Read more
5d
Zawya
COLUMN-The one thing in Saudi Arabia that works well is under threatSaudi ArabiaCOLUMN-The one thing in Saudi Arabia that works well is under threat (Steffen
COLUMN-The one thing in Saudi Arabia that works well is under threatSaudi Arabia
Zawya / Posted 5 days ago
COLUMN-The one thing in Saudi Arabia that works well is under threat (Steffen Hertog is an associate professor of comparative politics at the London School of Economics and Political Science. The opinions expressed are his own.) By Steffen... Read more
5d
Brisbane Times
Oil surges, boosting sentimentWTI will reach $46 a barrel during the fourth quarter, while Brent in London wi
Oil surges, boosting sentiment
Brisbane Times / Posted 5 days ago
WTI will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, according to a Bloomberg survey. Photo: George Osodi Local shares are poised to open higher as a surge in the price of oil, up almost... Read more
19 related stories
5d
WA Today
Oil surges, boosting sentimentWTI will reach $46 a barrel during the fourth quarter, while Brent in London wi
Oil surges, boosting sentiment
WA Today / Posted 5 days ago
WTI will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, according to a Bloomberg survey. Photo: George Osodi Local shares are poised to open higher as a surge in the price of oil, up almost... Read more
19 related stories
5d
The Age
Oil surges, boosting sentimentWTI will reach $46 a barrel during the fourth quarter, while Brent in London wi
Oil surges, boosting sentiment
The Age / Posted 5 days ago
WTI will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, according to a Bloomberg survey. Photo: George Osodi Local shares are poised to open higher as a surge in the price of oil, up almost... Read more
19 related stories
5d
Sydney Morning Herald
Oil surges, boosting sentimentWTI will reach $46 a barrel during the fourth quarter, while Brent in London wi
Oil surges, boosting sentiment
Sydney Morning Herald / Posted 5 days ago
WTI will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, according to a Bloomberg survey. Photo: George Osodi Local shares are poised to open higher as a surge in the price of oil, up almost... Read more
19 related stories
5d
Canberra Times
Oil surges, boosting sentimentWTI will reach $46 a barrel during the fourth quarter, while Brent in London wi
Oil surges, boosting sentiment
Canberra Times / Posted 5 days ago
WTI will reach $46 a barrel during the fourth quarter, while Brent in London will trade at $48 in the same period, according to a Bloomberg survey. Photo: George Osodi Local shares are poised to open higher as a surge in the price of oil, up almost... Read more
19 related stories
5d
Offshore Magazine
Statoil awards four contracts for Oseberg add-on project in North SeaOffshore staff STAVANGER, Norway – Statoil has issued various construction con
Statoil awards four contracts for Oseberg add-on project in North Sea
Offshore Magazine / Posted 5 days ago
Offshore staff STAVANGER, Norway – Statoil has issued various construction contracts for three projects in the Norwegian North Sea with a combined value of around NOK1.6 billion ($184 million). They include Oseberg Vestflanken 2 - Statoil submitted... Read more
5d
Zero Hedge
Europe Falls, U.S. Futures Rise As Oil Halts Two-Day PlungeWhile the biggest news of the night had nothing to do with either oil or China,
Europe Falls, U.S. Futures Rise As Oil Halts Two-Day Plunge
Zero Hedge / Posted 5 days ago
While the biggest news of the night had nothing to do with either oil or China, all that mattered to US equity futures trading also was oil and China, and since WTI managed to rebound modestly from their biggest 2-day drop in years, continuing the... Read more
5d
Zero Hedge
February 3Overnight Media Digest - Exxon Mobil Corp posted its weakest annual results in
February 3
Zero Hedge / Posted 5 days ago
Overnight Media Digest - Exxon Mobil Corp posted its weakest annual results in more than a decade and BP PLC suffered a loss as big as that booked in the aftermath of the worst offshore oil spill in its history, showing the extent of the damage that... Read more
6d
Canberra Times
Oil majors ready to borrow billions to placate investors"We know how important the dividend is to our shareholders," BP CEO Bob Dudley
Oil majors ready to borrow billions to placate investors
Canberra Times / Posted 6 days ago
"We know how important the dividend is to our shareholders," BP CEO Bob Dudley said. "We're not going to drop the company off a cliff. But I think the balance sheet is strong right now." Photo: Simon Dawson The world's largest oil companies have a... Read more
6d
Brisbane Times
Oil majors ready to borrow billions to placate investors"We know how important the dividend is to our shareholders," BP CEO Bob Dudley
Oil majors ready to borrow billions to placate investors
Brisbane Times / Posted 6 days ago
"We know how important the dividend is to our shareholders," BP CEO Bob Dudley said. "We're not going to drop the company off a cliff. But I think the balance sheet is strong right now." Photo: Simon Dawson The world's largest oil companies have a... Read more
6d
National Post
Story | Business Wire News Releases | News | Financial PostHOUSTON--(BUSINESS WIRE)--21 Janvier, 2016--Schlumberger Limited (NYSE : SLB) a
Story | Business Wire News Releases | News | Financial Post
National Post / Posted 6 days ago
HOUSTON--(BUSINESS WIRE)--21 Janvier, 2016--Schlumberger Limited (NYSE : SLB) a publié aujourd'hui ses résultats pour l’exercice complet 2015 et pour le quatrième trimestre 2015. Les résultats annuels sont présentés dans le tableau ci-dessous. *Le... Read more
449 related stories
7d
iol.co.za
Shell rating cut to record lowNew York - Royal Dutch Shell had its debt rating cut to the lowest since Standa
Shell rating cut to record low
iol.co.za / Posted 7 days ago
New York - Royal Dutch Shell had its debt rating cut to the lowest since Standard & Poor’s began coverage in 1990, and downgrades of several other major European oil and gas companies will probably follow in coming weeks. The long-term credit rating... Read more
7d
The Aero-News Network
First UAV Inspection Of The Gulf Of Mexico ConductedSurvey Commissioned By An Oil And Gas Services And Drilling Company The first-
First UAV Inspection Of The Gulf Of Mexico Conducted
The Aero-News Network / Posted 7 days ago
Survey Commissioned By An Oil And Gas Services And Drilling Company The first-ever inspection by UAV of the Gulf of Mexico for a leading global oil and gas service and drilling company has been completed by Sky-Futures, and inspection services... Read more
7d
The New Zealand Herald
Hikoi ventures south to protest TPPAround 100 people marched through Kaitaia yesterday as the anti-TPP hikoi headi
Hikoi ventures south to protest TPP
The New Zealand Herald / Posted 7 days ago
Around 100 people marched through Kaitaia yesterday as the anti-TPP hikoi heading to Waitangi hit the town. Photo / Peter Jackson The annual Waitangi Day hikoi hit Kaitaia yesterday with the message that protesters do not want the Government to sign... Read more
7d
The Age
S&P downgrades Shell, other oil majors on watch for rating cuts"We now believe many major oil and gas companies' current and prospective core
S&P downgrades Shell, other oil majors on watch for rating cuts
The Age / Posted 7 days ago
"We now believe many major oil and gas companies' current and prospective core debt coverage metrics are likely to remain below our rating guidelines for two or three years." Photo: Chris Ratcliffe Standard & Poor's lowered its rating on Royal Dutch... Read more
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