Archives for May 2016
BP turns to technology while job cuts grow
With the argument that technology is more important than ever when times are tough, BP is relying more on automation and data analytics to produce oil and gas with fewer people on the payroll. As...
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Amidst crisis, Brazil presses oil reform
Off the Brazilian coast, in the depths of the Atlantic Ocean, are what are believed to be one of the world’s largest oil deposits – known as the Pre-Salt. Source: FuelFix
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At OTC, some equipment sellers relieved Halliburton-Baker deal fell through
HOUSTON – A day after Halliburton’s deal to buy Baker Hughes fell apart, engineers from both companies were at the Offshore Technology Conference on Monday showing off rival technologies to potential clients from around the...
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As Zika spreads, a new frontier for the coverall
The public health panic set off by the spread of the Zika virus across Central and South America is finding its way into the oil industry. At the Offshore Technology Conference in Houston, Red Wing,...
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Baker Hughes plans to buy back shares, debt with $3.5 billion windfall
Baker Hughes said it plans to use its windfall to refinance its debt as well as buy back $1.5 billion in shares and $1 billion in debt, according to a press release issued Monday morning....
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