Oil Prices Nearly Flat for the Week
Posted on Thursday January 16, 2020

WTI and Brent crude oil futures posted small gains Friday but are down slightly for the week.

McDermott Hits Freeport LNG Milestone
Posted on Thursday January 16, 2020

Train 2 at Freeport LNG has begun commercial operations, engineering and construction contractor McDermott reported Friday.

US Adds 15 Oil, Gas Rigs
Posted on Thursday January 16, 2020

The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.

Angola's Oil Drilling Ramps Up
Posted on Thursday January 16, 2020

Angola's ailing oil industry got a shot in the arm this week, with Eni SpA and Total SA both showing their commitment to the OPEC producer.

Schlumberger Posts $10B Loss in 2019
Posted on Thursday January 16, 2020

Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses.

China Energy Leaders Set for Shake-Up
Posted on Thursday January 16, 2020

Top executives at China's leading energy companies are set for a power shake-up as the nation takes steps to reorganize and revamp its leadership and energy infrastructure.

First Shafag-Asiman Expl. Well Spudded Offshore AZ
Posted on Thursday January 16, 2020

BP announced this week that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

Trans Mountain Oil Pipeline Wins Legal Battle
Posted on Thursday January 16, 2020

PM Justin Trudeau's bid to complete the Trans Mountain oil pipeline won a major victory Thursday as Canada's top court rejected an appeal brought by British Columbia aimed at challenging the project.

Oil Heads for Weekly Drop Amid Demand Concerns
Posted on Thursday January 16, 2020

Oil is headed for a weekly drop amid persistent demand concerns.

Oil Companies Face Serious Decisions on Iraq
Posted on Thursday January 16, 2020

Many oil and gas companies face serious decisions regarding their short and mid-term plans in Iraq, according to Rystad Energy.

WSJ.com: US Business

CDC Removes Advice to Refrain From Vaping
The U.S. Centers for Disease Control and Prevention has moved away from a broad recommendation that people consider refraining from vaping altogether during the investigation into the outbreak of lung illnesses linked to the practice.

Boeing Encounters New MAX Woes
The plane maker has found a software problem that prevents the 737 MAX?s computers from powering up properly prior to flight, which could complicate the aircraft?s return to service.

Best Buy Opens Probe Into CEO's Personal Conduct
The board of Best Buy is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer.

Judge Slashes Damages in J&J Risperdal Case to $6.8 Million From $8 Billion
A judge reduced the amount of punitive damages Johnson & Johnson must pay in a lawsuit over its antipsychotic Risperdal to $6.8 million from the $8 billion awarded by a jury in October.

The Vanishing Executive Assistant
The erosion of jobs that gave women without college degrees a career path happened in dribs and drabs but is as dramatic as the manufacturing decline.

Trump Wields U.S. Economic Might in Struggles With Adversaries, Allies
Recent events show how the Trump administration is using sanctions and tariffs as a weapon to fix a global trading system the president sees as broken and to pursue other goals.

Employers Pull Back on Posting New Jobs
Job openings declined sharply in November, a sign of weakening employer demand that could restrain job growth in 2020.