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Strong Indicators Give Boost to Oil Price #OilmanNEWS 2017-May-June Upstream 

Strong Indicators Give Boost to Oil Price

The price of oil received a boost after an April 11 announcement by the two largest oil-producing nations revealed that they were considering continuing production cuts. Their announcement, coupled with a decrease in the overall level of crude stocks in the U.S., helped feed into the price gains. Reports were circulating on Tuesday that Saudi Arabia had informed OPEC officials... Read More
ConocoPhillips Sells Canadian Assets to Cenovus Energy Inc. for $13.3 Billion #OilmanNEWS 2017-May-June Upstream 

ConocoPhillips Sells Canadian Assets to Cenovus Energy Inc. for $13.3 Billion

On March 29, Houston, Texas-based ConocoPhillips announced the sale of some of its Canadian assets to Cenovus Energy, an oil-production firm based in Calgary. The $13.3 billion sale price (C$17.7 billion) includes a 50 percent nonoperating stake in the Foster Creek Christina Lake oil sands partnership and gas assets in the western Canada Deep Basin. Cenovus paid for the assets... Read More
The time is now for oil and gas engineering, design careers Louisiana Texas Upstream 

The time is now for oil and gas engineering, design careers

With the oil and gas industry currently in an upward cycle, driven by the natural gas shale-play discoveries in the United States, companies continue to scramble for quality talent to fill an array of positions, predominantly in engineering and design roles. “It’s a glory time for engineering and design,” said Tim Turner, the recruiting manager of Foster Wheeler USA, a... Read More
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