Archives for 2016
Saudis ‘optimistic’ on output deal; oil rises
Saudi Arabia’s energy minister is “optimistic” OPEC will reach a deal to cut output and said that a production ceiling of 32.5 million barrels a day would speed the balancing of supply and demand for...
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Oil field hiring could pick up next year, survey shows
Nearly a third of U.S. oil executives believe they’ll be able to hire new workers next year if the oil downturn eases further, a new survey shows. Executives acknowledged the expansion may prove difficult to...
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Tesoro in $6.4 billion deal to buy Western Refining
By Rye Druzin San Antonio Express-News Tesoro Corp. is buying El Paso-based Western Refining for $4.1 billion in a transaction that adds three new facilities to the San Antonio company’s portfolio and makes it the...
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Commentary: Seismic surveys play significant role in offshore drilling
By Andy Radford A decisive majority of American voters – 80 percent – support increased production of U.S. oil and natural gas, including 94 percent of Republicans, 76 percent of Independents and 71 percent of...
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Noble Energy cuts 60 jobs, mostly in Houston
Noble Energy recently cut 60 jobs, mostly in Houston, reducing staff levels in exploration and geoscience. The job cuts come as the Houston driller shifts resources to its most lucrative offshore exploration efforts and tries...
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