Three of the largest drilling rig operators in Texas are making budget cuts and bracing for the worst as a global supply glut of crude oil and falling demand due to the coronavirus pandemic are expected to cause …
Houston exploration and production company Occidental Petroleum is enacting across pay cuts after making a second round of budget cuts as crude oil prices remain stuck at record lows.
Occidental plans to cut $2.5 billion from its capital …
The White House released its FY 2018 budget proposal today, entitled “America First – A Budget Blueprint to Make America Great Again.”
The White House proposes a budget that will increase funds in support of energy development on public lands …
Russia is facing a slowing economy as the oil export-dependent country battles both slumping oil prices and Western sanctions. Russian Economy Minister Alexei Ulyukayev said …
