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China offshore roughing out the perfect storm

The all-in per barrel costs of Chinese national oil companies range from US$50 to US$60, according to a Nomura analyst presentation at a conference in Singapore… 340 more words

Oil And Gas

Timeline: Tracking the layoffs in Alberta's oilpatch

CALGARY – Since oil prices began tanking last summer, there have been predictions of thousands of layoffs in Alberta’s energy-dependent economy. So just how many jobs have we lost so far? 637 more words

News

Seven battle to provide FPU to work at MDA field

Seven companies (MISC, Yinson, Bumi Armada, M3nergy, and Sapurakencana, Modec, Emas) are preparing for a tender issued by Husky Energy and JV partner CNOOC Ltd for the provision of a FPU, to be located on the MDA field in the Madura Strait offshore Indonesia.  11 more words

Bumi Armada

Husky Energy cuts capital budget

CALGARY – Husky Energy (TSX:HSE) says it’s reducing this year’s capital budget by as much as $400 million and looking for up to $600 million in operational savings in response to the ongoing low-price environment for oil and gas. 187 more words

Money

Ohio EPA: No contamination detected after refinery explosion

LIMA, Ohio (AP) — No dangerous contaminants were released into the air by an explosion at an oil refinery that was felt 10 miles away and sparked a fire that burned for more than 14 hours, the Ohio Environmental Protection Agency said Sunday. 192 more words

News