The companies that clean the boilers, grease the machinery and tighten the bolts are skirting the carnage in Canada’s energy patch. Even as crude trades at its lowest in 12 Continue Reading
Free-falling oil prices are the latest headache for the global mining giant, which is already grappling with a dam burst at a Brazilian mining venture and a collapse in prices Continue Reading
Global miner BHP Billiton said on Friday it will write down the value its U.S. shale assets by $7.2 billion on a bleak outlook for oil and gas prices, cementing Continue Reading
Oil and gas projects worth $380 billion have been postponed or cancelled since 2014 as firms slash costs to survive the oil price crash, including $170 billion of projects planned Continue Reading
Boom times in North Dakota’s oil fields hit the state’s higher-education sector hard, as young people opted for immediate employment over college enrollment. Now, the region’s colleges are seeing a Continue Reading
Falling oil prices have brought widespread layoffs in the oil fields of Texas, Louisiana, Oklahoma and Pennsylvania and questions about whether once-hot local economies are retrenching for good or just Continue Reading
Energy executive Harold Hamm says oil prices should double to $60 by the end of 2016—a contrary prediction for a market currently bracing for oil to fall to $20. He Continue Reading
Credit rating agency Standard and Poor’s has slashed its oil and gas price forecasts and warned that it could downgrade firms across the two sectors in the next couple of Continue Reading
Mid-sized oil producing companies are proving more resilient against weak oil prices than expected as they are able to slash more costs, allowing them to press ahead with projects that Continue Reading
Exxon Mobil ( XOM.N ) will shut the smaller of two crude units at its 350,000 barrel-per-day Beaumont, Texas refinery in the second half of April for up to 90 Continue Reading
