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More Texas jobs lost as oil bust continues

More Texas jobs lost to oil bust

More than 1,100 Texas jobs have been cut in the past few weeks, according to reports by the Texas Workforce Commission. Oil major BP plans to cut at least 500 jobs in Harris County this year. The layoffs are expected to happen in June at three Houston locations. BP spokesman Jason Ryan said about 4,000 total upstream jobs will be ...

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Maersk Oil says new African licenses relatively resilient to low oil price

COPENHAGEN – Maersk Oil, a unit of shipping conglomerate A.P. Moller-Maersk, said its planned new investments in exploration in Africa are low cost and should make them relatively resilient to weak oil prices. The cash-rich Danish company said earlier on Monday it will pay $365 million upfront to buy 25 percent stakes in three licenses owned by Africa Oil Corporation ...

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