Oil slump threatens easy life of affluent Norwegians
After a decade of an oil-and-gas boom, plunging energy prices are shaking Norwegians out of a Utopian reverie that guaranteed workers lengthy summer vacations, generous health and social benefits, and...
View ArticleReport: Cheap crude prices could boost the U.S. economy for another two years
Just three months ago, the group forecast that oil would spike to $85 per barrel by December 2015; now it expects prices below $70 until 2016.
View ArticleWarburg is pumping $500 million into a start-up oil producer
The transaction is only the latest foray of buyout firms into the oil industry, as firms raise billions to take advantage of bargains in the oil patch.
View ArticleTexas manufacturing picks up for the first time in months, but outlook is...
The Fed's data showed a continuing pall over the outlook for the Texas manufacturing sector, hit hard by a collapse in crude oil prices and a pullback in drilling activity in the state's biggest shale...
View ArticleBP executive: Recruiting talent, investing in workers “the right thing to do”...
It may be difficult to maintain the same level of robust hiring that defined the heady days of the shale boom, but it's critical for energy companies to continue recruiting new talent to prepare the...
View ArticleRystad: $230 billion in oil projects mothballed because of cheap crude
That’s 38 percent higher than Rystad’s previous estimate last July, and the number of projects that have been delayed since then has risen from 40 to 63.
View ArticleJob cuts could subside by 4th quarter. But there’s a big ‘if.’
The oil industry’s $1 trillion pullback in drilling projects has cost the U.S. nearly 135,000 oil and gas jobs, but the financial carnage that has left thousands in Texas out of work could end soon. If...
View ArticleTexas drillers added jobs in July for first gain in 19 months
Rigs aren’t alone in the long trek back to the Texas oil patch. Drillers across the state added about 100 new jobs in July, the first monthly gain since the Texas energy industry’s employment figures...
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