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February 14, 2015

Halliburton Puts A Number On Its Lay-offs

February 14, 2015 // 0 Comments

Today, Halliburton confirmed to Oilpro.com in an emailed statement that it anticipates reducing its global workforce by 6.5-8%. This suggests 5,200 to 6,400 jobs eliminated [...]

US Crude Output hit 9.23M Bbls/day Last Week

February 14, 2015 // 0 Comments

How long can crude oil output continue climbing to new multi-year records even as rig counts and oilfield employment crash? Anyone willing to say if we will hit 10M bbl./day? [...]

North Sea Oil Costs Out of Control

February 14, 2015 // 0 Comments

Former BP chief executive Lord Browne has warned North Sea oil operators’ costs must fall in order for them to compete globally. “Costs have got out of control, [...]