Home / Tag Archives: oil producer

Tag Archives: oil producer

The Latest: Nigeria senate president linked to offshore case

The Latest: Nigeria senate president linked to offshore case

LONDON (AP) — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local): 1:05 p.m. Nigeria’s Premium Times newspaper is reporting that the country’s senate president, the third highest-ranking politician in Africa’s biggest oil producer, owns at least two offshore accounts that he tried ...

Read More »

Chevron announces more Houston job cuts

Chevron announces more Houston job cuts

Chevron plans to cut 655 Houston jobs as part of a payroll decrease across its upstream business. The California-based company confirmed the layoffs Thursday. Chevron previously stated it would cut its workforce by 4,000 this year. In 2015, The oil major reduced its workforce by 3,000. The total estimated cuts made up about 10 percent of the company’s workforce at ...

Read More »

Oil producer Azerbaijan in talks for international aid

Oil producer Azerbaijan in talks for international aid

BAKU, Azerbaijan — Representatives from the International Monetary Fund and World Bank arrived in Azerbaijan on Thursday to discuss financial support for the oil producing country’s ailing economy. The ex-Soviet nation in the Caucasus has been hit hard by the sharp drop in prices of its oil and gas exports over the last year. “The World Bank and the IMF ...

Read More »

North Dakota governor signs sweeping oil tax law

WILLISTON, N.D. – North Dakota, the second-largest U.S. oil producer, has approved a sweeping reorganization of its oil tax code, cutting the overall rate and ending a tax break of more than $5 billion poised to hit in June. Governor Jack Dalrymple signed the measure on Wednesday afternoon, his staff told Reuters, lowering the combined rate crude producers will pay ...

Read More »

Low oil prices endanger Weld County economy

Though Colorado is unlikely to suffer as a state from low oil prices, the Denver Post reports that economics don’t expect Weld County to navigate the price slump as easily. “Weld County is likely to suffer the worst in the state,” Wells Fargo economist Mark Vitner said in the article. “Denver may also face some downside risk, as it serves ...

Read More »