Police officers in Sulaimaniya and Erbil provinces joined a rising tide of strikes and demonstrations on Monday to protest government pay cuts being made in response to a worsening budget Continue Reading
Mexican president Enrique Peña Nieto has replaced the chief executive at Pemex, the state oil company that is bleeding cash because of the oil price slump, with instructions that all Continue Reading
Financial markets expect Venezuela to default on its debt during the next few years. The first big test of that occurs this month. Venezuela is trying to convince bond investors Continue Reading
In the capital, water is so expensive and scarce that residents wait for hours with bottles at the side of a mountain where it trickles out onto the highway. In Continue Reading
Chesapeake Energy, the No. 2 U.S. natural gas producer, said on Monday it had no plans to file for bankruptcy, after sources told Reuters the company had asked its longtime Continue Reading
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude Continue Reading
North American oil and natural gas drillers will need to cut an additional 30 percent from their capital budgets to balance their spending with the cash coming in their doors Continue Reading
Jim Tisch said “chaos continues to reign over the energy market” after the slump in commodity prices fueled a fourth-quarter loss and stock decline at his Loews Corp. “If these Continue Reading
Rig company Transocean said Monday its contract for the Discoverer Deep Seas rig in the Gulf of Mexico was canceled nine months early. Murphy Oil Corp. was leasing the deepwater Continue Reading
Lower crude oil prices continued to pressure upstream operations in North Dakota as the state shed two rigs since last week, state data show. The state government shows 42 rigs Continue Reading
