E & P NEWS

>> Fri, 25 Dec 2015

Cheap oil's great, except when it's a nightmare: Marc Champion

This isn't, of course, the first time that oil prices have suddenly taken a tumble. Nor would the Organization of Petroleum Exporting Countries ....

>> Thu, 24 Dec 2015

Oil slump to 11-year low just a taste of pain felt by producers

Brent’s plunge to $35.98/bbl on Tuesday, its weakest intraday level since 2004, was probably painful enough for any remaining oil bulls. But that move was just playing catch-up with the annual average price, already at the lowest in 11 years -- a measure more important than intraday fluctuations to those that pump crude from the ground.

>> Thu, 24 Dec 2015

Calgary woes spread as oil patch spending cuts deepen in 2016

Some of the city’s largest employers are poised to cut more jobs in 2016 as they reduce spending for a second straight year, adding to an estimated 40,000 oil and natural gas positions lost across the nation since the crude price rout began 18 months ago.

>> Tue, 14 Jun 2016

Cidade de Saquarema FPSO arrives in Brazil

The Cidade de Saquarema floating production, storage, and offloading vessel docked on Dec. 20 at the Brasa shipyard in Niteroi of Rio de Janeiro state, where lifting operations and integration of processing plant modules will be completed.

>> Thu, 24 Dec 2015

Could Cuts in CAPEX Be the Catalyst For Growth in Oil Prices?

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