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Noble plans to lay off up to 130 employees

Noble Energy

Noble Drilling plans on a round of layoffs as it prepares to stack a semi-submersible rig, according to Rigzone. In a letter sent to the Texas Workforce Commission, the company says it will lay off between 120-130 employees and stack its Noble Jim Day rig. The Sugar Land-based company is set to begin layoffs January 26. The process will take ...

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Stocks are mixed in early trade; oil price slips

NEW YORK — Stocks were in mixed in early trading Wednesday ahead of a European Central Bank meeting where further stimulus is expected to be announced as well as a speech by the head of the Federal Reserve. Energy stocks fell along with the price of oil. KEEPING SCORE: The Dow Jones industrial average lost seven points, or 0.1 percent, to ...

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Easy to use well economics software provides relevant data in minutes

In a cyclical industry like oil and gas, people generally expect dramatic market fluctuations; however, when the price of oil drops by 50% like it did last year and remains low, companies inevitably struggle.  Modified drilling plans, lower rig counts, layoffs and focus on existing production are some of this year’s themes, and it is the rare oil company that ...

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Pro-energy group to ramp up involvement in NM

FARMINGTON — A Houston-based pro-energy group with chapter offices in Texas, Alaska and Florida plans to become more involved in energy policy, education and advocacy in New Mexico. Consumer Energy Alliance is making in-roads into the state, said Shawn Martini, CEA communications director, and has taken a greater interest in energy policy and regulatory action in New Mexico over the ...

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OPEC November oil output rises, led by Iraq, Saudi: Reuters survey

VIENNA – OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports after bad weather had temporarily halted supply growth from the group’s second-largest producer. The increase indicates the Organization of the Petroleum Exporting Countries is again pumping close to a record high as Saudi Arabia ...

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Analysis forecasts derailment every other year if oil train terminal is built

WASHINGTON — A proposal to build the largest oil train terminal in the Pacific Northwest could result in a derailment every two years and an oil spill from a derailment once every 12, according to a draft analysis by a Washington state agency. The document, released Tuesday, indicates that most fire departments along the oil trains’ rail route are not ...

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Cheap gas fueling expanded Thanksgiving travel day

LOS ANGELES — An expanded version of America’s annual Thanksgiving travel saga has begun with gas prices low and terrorism fears high. An estimated 46.9 million Americans are expected to take a car, plane, bus or train at least 50 miles from home over the long holiday weekend, according to the motoring organization AAA. That would be an increase of ...

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