U.S. Production Is Falling, Why Isn't Oil Recovering Faster?OilPrice.comWhy aren't oil prices rising faster? The recent recovery in oil prices has largely stalled out and investors looking at historical figures could be forgiven for not understandi …

Wall Street JournalNexen to Idle Oil-Sands Facility After AccidentsWall Street JournalNexen Energy ULC, the Cnooc subsidiary, had already cut its oil-sands production after a July 2015 pipeline leak and then again after an explosion at its Long Lake crude- …

Wall Street JournalSaudi Binladin Group to Lay Off 50000 as Low Oil Prices BiteWall Street JournalDUBAI—Saudi Binladin Group will lay off 50,000 people, according to a person briefed on the plans, as the construction giant attempts to turn around a busines …

NPRMysterious Death Uncovers Risk In Federal Oil Field RulesNPROn a cold night in January 2012, Dustin Bergsing climbed on top of a crude oil storage tank in North Dakota's Bakken oilfield. His job was to open the hatch on top and drop a rope inside to …

Wall Street JournalWhere Oil Workers Have Job Security: ChinaWall Street JournalBEIJING—High on the Chinese government's priority list is building leaner, more competitive state companies. But the dismal earnings reported by national oil giants in rece …

As Oil Prices Fell, Texas Campaign Donations FollowedTexas TribuneAs a political newcomer, Ron Hale struggled to stand out this year in a crowded race to join the Texas Railroad Commission, which regulates oil and gas. Perhaps a billboard, radio spot or ot …

Wall Street JournalOil-Price Collapse Fuels Singapore LayoffsWall Street JournalSINGAPORE—In Singapore's worst year for layoffs since the global financial crisis, workers at offshore-marine companies were major victims—a sign of how reeling oil prices …

CBC.caHigh Level businesses stay positive through oil and gas slumpCBC.caBut with a big drop in oil and gas drilling in the region, today you can pick your spot. "There's very little drilling happening here and the money isn't being spent this …

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 …