Sam M. Saeed

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Buyers of distressed debt stalk oil sands firms

Bruce Edgelow has read all the newspaper headlines about investors fleeing Alberta's oil patch. The provincial government's energy banker doesn't have a problem attracting cash – it's finding a place for it all to go.<p>"Our phone has been ringing off the wall in the last three or four weeks with …

A major oil company is cutting 5,000 jobs as it fights the price slump

The job cuts will focus on both operating and support positions and a majority of the reductions will be in the Western Hemisphere, the company said in a statement.<p>Weatherford, which currently employs about 56,000 people across the world, expects the job cuts to result in annualized savings of over …

Oil

Suncor bets on cooling Alberta market to push ahead with Fort Hills

Suncor Energy Inc. is stepping up efforts to conserve cash and warning of deeper spending cuts, even as it gets set to plow more money into a major oil sands mine.<p>The Calgary-based company said it halted plans to repurchase shares this year after tumbling oil prices led to fourth-quarter earnings …

Oil

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Canadian oil-sands industry’s expansion wavers with $75/bbl crude

JEREMY VAN LOON and REBECCA PENTY<p>CALGARY, Alberta (Bloomberg) -- The Canadian oil-sands frenzy that led to $265 billion of investments in less than a …

Oil

Drilling the Caribbean: Indigenous Communities Speak Out Against Oil and Gas Exploration in Honduras

The hidden dangers of low oil prices

November 24, 2014 | 2:00 PM<p>Embed Code<iframe src="https://www.marketplace.org/2014/11/24/world/hidden-dangers-low-oil-prices/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Oil

Biggest Winners and Losers in a World of Lower Oil Prices

NEW YORK ( TheStreet) -- The 30% plunge in oil prices is already having a profound impact on the world economy. Whether or not the oil-producing …

Oil

Fuel subsidy removal - what do research firms think?

So, come December 1, RON 95 petrol and diesel will no longer be subsidised, and their pricing will be set via a managed float, similar to the one …

How The Oil Industry Bought And Trashed North Dakota

While other states remain mired in the aftermath of the Great Recession, one state, thanks to the miracles of hydraulic fracturing and horizontal …

Texas oil drilling slipped in October

Low oil prices could already be taking a toll on drilling activity in Texas, according to new data released the state's Railroad Commission.<p>The …

The shale revolution and the end of peak oil fears

The US shale revolution is making waves in world energy markets. The benefits are first being felt in oil, which will spread to gas in a few …

China, US climate deal delivers $4.5 trillion blow to Big Oil, coal

Citigroup says the impact of the China-US climate deal signed earlier this month could total $US3.9 trillion ($A4.5 trillion) – that’s the loss in …

An Oil Boom Is Ravaging an Indian Reservation in North Dakota

MHA Nation has collected about $1 billion in oil money since the fracking bonanza took off in 2008, but life for most tribe members has only gotten bleaker since then.<p>On the banks of Lake Sakakawea, a 370,000-acre reservoir in the heart of western North Dakota's Fort Berthold Reservation—home to …

Oil & Gas Industry

Russia losing $140 billion from sanctions and low oil prices

Russian President Vladimir Putin received a high-ranking black belt in karate Friday, but his master fighting skills haven't been enough to fend off economic troubles.<p>The country is losing up to $140 billion per year because of falling oil prices and sanctions with Western nations, according to …

Why Are Oil Prices Dropping?

With the price of oil down 28 percent in recent months, financial analysts and political pundits are all asking the same questions: What are the reasons behind this drop and why isn’t OPEC taking steps to stop the bleeding?<p>It’s Economics 101. When the price falls, you cut supply. OPEC nations are …

Opinion: Americans, let’s be thankful that U.S. oil is pulverizing OPEC

Americans will give thanks for just about everything this weekend, and most of all for one another. I’ll save a toast for George Mitchell, the man …

Oil

Moody's Lowers Price Assumptions For Benchmark Crude Oils

Moody's has lowered its pricing outlook for the two benchmark crude oils and for natural gas liquids for 2015 and 2016 citing the steep drop in oil …

Bottom for oil in 2015 is $35: Kloza

Oil could plummet to $35 a barrel next year if OPEC doesn't reach an agreement by the spring, oil price tracker Tom Kloza said Wednesday.<p>The founder …

Oil

'I Hate That Oil's Dropping': Why Mississippi Governor Phil Bryant Wants High Oil Prices for Fracking

<b>Cross-Posted from DeSmogBlog</b><p>Outgoing Interstate Oil and Gas Compact Commission (IOGCC) chairman Phil Bryant -- Mississippi's Republican Governor -- started his farewell address with a college football joke at IOGCC's recent annual conference in Columbus, Ohio.<p>Mississippi Governor Phil Bryant; Photo …

Oil & Gas Industry

Syria looks to Moscow for help | Middle East| News and analysis of events in the Arab world | DW | 26.11.2014

Mobile and especially efficient: Russia's S-300 anti-aircraft missiles can be used against fighter jets, cruise missiles and ballistic missiles. It's …

Freighter with 700 migrants being towed to Crete

IERAPETRA, Greece (AP) — Local authorities and Red Cross volunteers on Crete were racing Wednesday to prepare shelter and food for hundreds of immigrants on a crippled freighter being slowly towed to safety by a Greek navy frigate, a rescue effort hampered by gale-force winds and high waves.<p>A day …

Turkey condemns Tripoli air strikes claimed by Libyan government | Reuters

ISTANBUL (Reuters) - Turkey on Wednesday condemned air strikes claimed by the Libyan government on an airport in Tripoli controlled by a rival administration, setting it at odds with the country’s internationally-recognized authorities.<p>Men stand beside a damaged building near Mitiga airport in …

Scientists create lab-grown spinal cords

Researchers in Germany have grown complete spinal cords in a Petri dish<p>• The man who grew eyes • The lab-grown penis comes closer<p>As regenerative medicine and stem cell technologies continue to progress, so the list of tissues and organs that can be grown from scratch – and potentially replaced – …

Breath test that tells you if you have lung cancer

Lung cancer can now be detected earlier than ever before using a new 'breathalyser', designed by scientists from the University of Cambridge<p>Scientists can now detect early-stage lung cancer before any symptoms develop, using a new British invention.<p>A new breathalyser, which has been likened to a …

Cancer