CNNMoneyOil fallout: Laid off Saudi workers torch busesCNNMoneyHere's a rare sight in Saudi Arabia: Protesters who lost their jobs due to the oil crash setting buses on fire. The Saudi Binladin Group, a massive construction company founded by the fathe …

Smugglers of harp seal oil and honeybee royal jelly sentencedLos Angeles TimesA Walnut couple was sentenced to home detention this week and their import and distribution companies were fined after they pleaded guilty to smuggling harp seal oil and honeybee …

Wall Street JournalCenovus Posts Loss as Oil-Price Slump Continues to WeighWall Street JournalLike its oil-producing peers, Cenovus has been hard hit by the drop in oil prices and has been focused on cost-cutting efforts. Earlier this year, it slashed its …

CNNMoneyOil crash: Halliburton slashes another 5000 jobsCNNMoneyIt's the latest evidence of the crisis confronting the U.S. oil industry as crude prices have crashed to seven-year lows. "Our industry has turned down faster than anyone ever expecte …

OilPrice.comDownward Trend For Bakken Oil Production Set To ContinueOilPrice.comOperators are now even more committed to running fewer rigs as oil prices remain at very low levels. The number of well completions remained steady from 77(final) in November t …

CNNMoneyOil driller cut 25000 jobs, paid CEO $18 millionCNNMoneyThe company cut 25,000 jobs during the year, or 20% of its workforce. Revenue was down 27%, and profit plunged 41%. Schlumberger (SLB) shares tumbled 18%. The weak results and layoffs are the …

Wall Street JournalChevron, Exxon Cut Spending on Oil Price SlideWall Street JournalAs costs to drill and pump oil and gas continue to fall in the low-price oil environment, the biggest U.S. oil company said it expects to shave another $1 billion off its c …

Wall Street JournalMaersk Oil to Cut Staff by up to 12%Wall Street Journal“We are operating in a materially changed oil-price environment and have taken necessary decisions to reduce activity levels through 2015, and ensure we focus where we can see adequa …

The Globe and MailRepsol to cut 1500 jobs amid slumping oil pricesThe Globe and MailThe deal gave Repsol extensive oil and gas operations in Canada, the United States, the North Sea and Southeast Asia and boosted its reserves by 55 per cent. Before the tak …

Telegraph.co.ukNorth Sea faces £12bn investment collapse from oil price slumpTelegraph.co.ukIn its latest economic report on the North Sea, Oil and Gas UK said that 15pc of the offshore industry's workforce - equal to 65,000 jobs - has been lost since …