The Globe and MailPrecision Drilling posts loss as oil rout hits rig demandThe Globe and MailCanadian rig contractor Precision Drilling Corp posted a first-quarter loss, compared with a profit a year earlier, hurt by lower demand for rigs amid a prolonged …

The Globe and MailOil patch faces further cuts as crude prices hit new lowsThe Globe and MailThe moves accompanied fourth-quarter results that showed the harsh impact of U.S. benchmark oil prices that averaged just over $42 (U.S.) a barrel in the period, 4 …

Crude collapse leads to layoffs, public spending cuts in Canada's oil patchThe Globe and MailThe collapse in global crude prices is exacting a heavy toll on Canada's oil patch and governments, with industry layoffs now mounting into the thousands a …

CBC.caOil firms cut jobs, budgets as crude drop hit earningsThe Globe and MailWhile many companies have taken steps that will reduce planned future production, few have pulled back on existing production and are now grappling with a continuing supply glut …

Low Oil Prices Great For Consumers, Less So For InvestorsNPRMuch of the oil industry is gathered in Houston this week for an annual conference that serves as a deal-making forum for producers large and small. Deals may be harder to reach this year because …