There has been mass sack of over 3,000 workers in Nigeria’s oil industry as the country’s economic recession bites harder, two unions have said. The two major unions in the Continue Reading
Algiers deal aims to fix unprecedented oil-inventory glut Even the maximum cut OPEC’s considering wouldn’t achieve this Even if OPEC defies a skeptical market by implementing output cuts in full, Continue Reading
Venezuela’s increasingly militant opposition stepped up its push to remove leftist leader Nicolas Maduro on Wednesday with rallies that drew hundreds of thousands of protesters and calls for a general Continue Reading
Oil firms operating in Nigeria have sacked about 3,000 workers, a labor union official said on Wednesday, calling on the government to file a protest with foreign oil operators. “The Continue Reading
A new report produced by the American Lung Association concludes that over-reliance on petroleum-based fuels for transportation costs the 10 ZEV states in the US (California and nine other states Continue Reading
Output falls 7.7% to 117.7 million barrels of oil equivalent Capital spending declined almost 21% to 11.7 billion yuan Cnooc Ltd., China’s biggest offshore oil and gas producer, posted a Continue Reading
Oilfield services Clouds have been clearing for oil producers in the U.S. oil patch, but it looks like things are a bit different in oil field services. In fact, they’re Continue Reading
After reviewing bids offered in a multi-state request for proposals, Massachusetts, Connecticut and Rhode Island are entering contract negotiations to buy power from six projects totaling about 460 MW, with Continue Reading
Audi is realigning its motorsport strategy. The brand will terminate its FIA WEC commitment, including the 24 Hours of Le Mans, at the end of the 2016 season. Instead, Audi Continue Reading
Statoil ASA, the first of the major oil producers to report third-quarter earnings, posted an unexpected loss for a second quarter in a row as maintenance and exploration expenses compounded Continue Reading
