April 1, 2016

From CNBC The so-called “shale revolution” has changed the landscape of Texas, and that’s plain to see from the sky above. Source: NASA Earth Observatory An image of the Eagle Ford shale mining site captured at night by NASA’s Visible Infrared Imaging Radiometer Suite (VIIRS) on the Suomi NPP satellite. Taken on July 15, 2012. NASA’s Earth Observatory recently published

From CNBC Things are getting bad in Russia — so bad that the country is weighing sacrificing its future in order to survive its present. A conflict is simmering in Russia as the country’s Finance Ministry pushes for increased taxation of the country’s oil industry in order to support its budget. A contracting economy and a persistently low oil price

From CNBC A 30-year-old you may have never heard of is trying to build a company worth four Apples — and a Nike to spare. Deputy Crown Prince Mohammed bin Salman, a fast riser in the Saudi hierarchy and member of the new generation, has the world’s ear after an expansive interview where he elaborated on his plan for taking

From CBC News Murphy Oil is making “significant” job cuts across its worldwide operations, including its office in Calgary, the company confirmed Friday. “We’ve reduced head count across all functions and in every location,” said spokeswoman Kelly Whitley, who declined to say exactly how many people will be laid off in total. “We’re still in the process and there’s still actions happening today and next

From Wall Street Journal U.S. oil prices tumbled to their worst losses in a month Friday, bringing a six-week winning streak to an end on signs that the world’s biggest exporters may fail to complete a deal that would cap output. Saudi Arabia’s deputy crown prince, Mohammed bin Salman, said in an interview with Bloomberg that the kingdom will freeze