Friday, August 1, 2025

Oil Dips to $38 as the Market Waits for Actions, not Words

Words pushed prices higher, but for how long Oil prices have staged a recovery over the last few weeks as members of OPEC and other large producers like Russia discuss the possibility of a production freeze. News that the world’s largest producers would stop adding new production to the market was warmly welcomed as oil prices climbed above $40 per

Range Announces Closing of Bradford County Asset Sale

Range Announces Closing of Bradford County Asset Sale FORT WORTH, TX–(Marketwired – Mar 28, 2016) – RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that it has completed the sale of its Bradford County non-operated assets. After purchase price adjustments based upon a January 1st effective date, Range received approximately $110 million of sales proceeds at the closing plus retaining the net

Schlumberger Clears Final Hurdle in $14.8 Billion Cameron Merger

Schlumberger receives go-ahead from Chinese Ministry of Commerce The world’s largest oilfield service company, Schlumberger Limited (ticker: SLB) jointly announced with Cameron International Corporation (ticker: CAM) today that the Chinese Ministry of Commerce (MOFCOM) cleared their proposed merger, which is valued at $14.8 billion. MOFCOM’s approval came without any conditions, and represented the last major closing condition of the proposed

Blackbird Energy Inc. Announces Release of Second Quarter 2016 Financial and Operating Results

March 28, 2016, – Blackbird Energy Inc. (“Blackbird“) (TSX VENTURE:BBI) is pleased to announce that it has released its second quarter 2016 financial and operating results. Blackbird’s unaudited condensed consolidated interim financial statements and management discussion and analysis for the quarter ended January 31, 2016 are available on SEDAR at www.sedar.com and are also posted on Blackbird’s website at www.blackbirdenergyinc.com.

China

Job Security Comes at a Price for Chinese Oil and Gas Companies

Maintaining employment strains Chinese oil and gas firms’ shrinking profits Many international oil and gas companies have responded to the steep drop in prices since November 2014 by cutting expenditures. Companies have achieved better financial metrics by increasing efficiencies in their operations, and, in many cases, by reducing their workforce. Layoffs have been an unfortunate side effect of the price