Home Business

Business

You can add some category description here.

Earnings Report & Marathon Oil (MRO) laid off 16% of its workforce

Marathon Oil (MRO) missed views and laid off 16% of its workforce, while halting dividend payments and buybacks. It also cut its 2020 capital...
EOG Resources

EOG expects to have six rigs for the remainder of 2020

EOG Resources, Bill Thomas. Second Quarter and Full Year 2020 Forecast We entered this downturn in a position of operational and financial strength, and the...

Saudi Arabia raises crude oil prices

Demand worries are lingering, yet Saudi Arabia has increased crude oil prices, and U.S. oil prices fell more than 3%. Earlier in the day, after...

Liberty was built to survive tough times?

Chris Wright -- Chief Executive Officer and Chairman during his Earnings Call. Our industry has been hit with two large shocks since our last quarterly...

U.S. To Withdraw American Patriot Missiles From Saudi Arabia

U.S. To Withdraw Patriot Missiles From Saudi Arabia and is considering reductions to other military capabilities. “Saudi Arabia is a very wealthy country and they’ve...
CAIRN Energy Mexico Bust

Cairn Energy finds a dry well in Gulf of Mexico.

CAIRN Energy has suffered fresh disappointment with the drill bit in the Gulf of Mexico. Edinburgh-based Cairn told investors yesterday that drilling on the last...

seekingalpha.com Really likes Liberty Oilfield Services

LBRT has very low leverage, which is a significant advantage compared to some of the leveraged oilfield services players. However, its low cash flow...

Trump has meeting with top oil executives

https://www.youtube.com/watch?v=om0EmmsIBrk President Donald Trump said that the U.S. will “get our energy business back,” as he met with oil executives from at least seven companies...

Oops – US suspends plans to buy oil after funding is left out of...

The U.S. Department of Energy is suspending its plans to buy crude for the country’s Strategic Petroleum Reserve after the requested $3 billion in...

Halliburton is looking to Russia for work

Oilfield services firm Halliburton HAL.N and Russia's Gazprom have signed an outline agreement on technological cooperation to construct wells at the Achimov oil formation...

The U.S Oil industry will see thousands of jobs lost

One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000...

Continental Resources plans to cut rigs and spending in 2020

Continental Resources on Thursday cut its 2020 capital spending budget by 55%, reports said. Continental Resources said it intends to spend about $1.2 billion in...

Mnuchin warns U.S jobless rate could hit 20%…

Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that U.S. unemployment could rise to 20% without government intervention because of the impact...

Apache says it will reduce its Permian rig count to zero

Apache says it will reduce its Permian rig count to zero over the coming weeks, and plans to lower activity in Egypt and the...