Archives for 2017
Baker Hughes offering buyouts in Europe
Houston oilfield services giant Baker Hughes is offering buyout packages to its Norway employees to help cut costs as the international energy sector continues to languish. The move comes while Baker Hughes prepares to combine...
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Market Currents: Iraqi oil exports to the U.S. rise
Two-hundred and twenty years to the day after the washing machine was patented, oil prices are continuing to spin around support at the $48 level. As buying interest returns today, ahead of the weekly inventory...
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In new tax scheme, Saudi Aramco could be worth $1.4 trillion
Saudi Arabia’s move to reduce its state-run oil company’s tax rates could lift the value of Saudi Aramco by $1 trillion in its upcoming initial offering, Rystad Energy said Tuesday. The Kingdom said earlier this...
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Energy-related earthquakes to be subject of geologists webinar
Another indicator the industry is getting serious about oil-and-gas earthquakes: The American Geosciences Institute has scheduled a free online seminar on the topic for geologists next month. “The surge in recent years of earthquakes associated...
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Trump signs order to roll back Obama climate change rules
WASHINGTON – President Donald Trump signed his much anticipated executive order Tuesday rolling back Obama-era regulations on climate change, promising a new era for the U.S. energy industry. “We will unlock job producing natural gas, oil...
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