Archives for March 2020
Murphy Oil CEO on medical leave amid coronavirus health scare
The CEO of Murphy Oil is on medical leave after a health scare involving the coronavirus. Source: FuelFix
Click here 0 1,275
Equinor halts U.S. shale activity as part $3 billion in cuts
Norwegian oil giant Equinor has halted all activity on the company’s U.S. shale assets as part of a $3 billion action plan to survive record low crude oil prices and the coronavirus pandemic. Source: FuelFix
Click here 0 1,328
U.S. intervenes in Saudi-Russia oil war with call for restraint
(Bloomberg) — The U.S. made its most direct intervention yet in the oil price war between Saudi Arabia and Russia, urging Riyadh to “rise to the occasion and reassure” energy markets at a time of...
Click here 0 1,318
Report: One in five oilfield servce jobs could be cut worldwide
Record low crude prices and the economic effects of the coronavirus pandemic could cost the oilfield service sector one out of five jobs this year, according to a new report from the Norwegian research firm...
Click here 0 1,312
Oxy makes deeper budget cuts, reaches deal with activist investor Carl Icahn
Houston exploration and production company Occidental Petroleum has made a second round of budget cuts and reached a deal with activist billionaire investor Carl Icahn as crude oil prices remain stuck at record lows. Source:...
Click here 0 1,293
