France's Vallourec Axes Jobs, Seeks Capital Amid Oil SlumpWall Street JournalPARIS—France's Vallourec SA, a maker of high-strength steel for the oil sector, is to raise €1 billion ($1.08 billion), suspend its dividend, and ax more than 2,500 jobs, …
Financial TimesOil producers retool for lower pricesFinancial TimesUndoubtedly, costs have come down — especially given the sharp weakening in domestic currencies of most producer nations. Oil exploration companies will find themselves dictating terms to s …
Vallourec Seeks Capital as Oil Prices Pummel EarningsWall Street JournalPARIS—Vallourec said on Monday that it plans to raise about €1 billion ($1.08 billion) in fresh capital through new shares and convertible bonds as the company braces for widening loss …
Sydney Morning HeraldThe oil crash is kicking off one of the largest wealth transfers in human historySydney Morning HeraldEconomists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap …
ReutersLower oil prices squeezing US manufacturing sectorReutersWASHINGTON New orders for long-lasting U.S. manufactured goods in December recorded their biggest drop in 16 months as lower oil prices and a strong dollar pressured factories, the latest indi …
Oil pollution exerciseIsle of Man TodayBut with the arrival of an oil tanker in the bay, some onlookers may have thought this was a real incident. The objective of the exercise this morning (Saturday) was to validate training in the use of mechanical conta …
ReutersBush to call for lifting of ban on US crude oil exportsReutersBush's speech on Tuesday at Rice Energy Inc., a natural gas and oil company in Canonsburg, Pennsylvania, near Pittsburgh, will mark his latest foray into the detailed policy plans he …