Wed, 26 Feb 2020 00:00:00 GMT
Oil extended losses below $50 a barrel after plummeting more than six percent over the previous two sessions on fears the fast-spreading coronavirus will take a major toll on global economic growth.
Tue, 25 Feb 2020 00:00:00 GMT
A slump in spot prices and abundant production have created opportunities for cheaper supply.
The slump in prices comes as the OPEC and allied producers prepare to meet in Vienna next week.
Centennial Resource Development Inc. has revealed that Mark G. Papa will retire as chairman and chief executive officer of the company on May 31.
Survivex is launching a new drilling well control center of excellence in Aberdeen.
Equinor has informed the Australian authorities that it will discontinue its exploration drilling plan (Stromlo-1) in the Ceduna sub-basin offshore South Australia.
OPEC hasn't made a decision yet on whether to extend or modify its agreement to cut oil output.
Oil recovered some of its losses following the biggest drop in almost seven weeks as investors attempted to gauge the economic impact of the fast-spreading coronavirus and the potential response from producers.
Worley marks the latest chapter in its 10-year involvement with the project.