Mounting debt among oilfield service companies coupled with soft oil prices squeezes the sector. Oil prices hovering close to $40 per barrel is compounding the problems that dozens of struggling Continue Reading
Oil industry cost cuts for 2015 to 2020 total $1 trillion Service providers that reduced rates say discounts to end Mad Dog, BP Plc’s drilling project deep in the Gulf Continue Reading
China Oil French Total has emerged as perhaps the smartest member of the Big Oil club, wasting no time waiting for oil prices to return to early 2014 levels, instead, Continue Reading
How do you ride out low oil prices and still pay dividends and CEO salaries? You double down on debt, apparently. All oil majors posted plunging profits or accumulated losses Continue Reading
The lawyer for Ecuadorian victims fails to sway a U.S. court that he didn’t act illegally. Now, more appeals in the 23-year-old case. Protesters demonstrate in front of a New Continue Reading
Net debt for top five oil firms has risen tenfold since 2008 Big oil companies tell investors debt load will rise further When commodity prices crashed in late 2014, oil Continue Reading
Chevron Corp. is paring its Asia operations, selling assets worth up to $5 billion in an effort to raise cash, according to people familiar with the situation. The California-based energy Continue Reading
BP and Shell are trading with dividend yields above 7%, while Eni, which cut its… It all seemed to be going so well, but European oil groups have stumbled again. Continue Reading
Exxon posts worst profit in 17 years, missing estimates Chevron’s third straight loss capped longest streak in decades Exxon Mobil Corp. and Royal Dutch Shell Plc this week reported their Continue Reading
WTI oil pared losses on Friday morning, breaking with a 6 day streak of losses. U.S. oil production also saw a slight increase, mainly due to higher output in Alaska Continue Reading
