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Seadrill Plans to Lay Off More Than 100 Workers in Houston

By Rigzone
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Offshore deepwater drilling company Seadrill Americas, Inc. is planning to conduct a layoff of 112 employees in Houston on May 1, according to data from a notice to the Texas Workforce Commission (TWC)

Oil Pares Drop as Kuwait Worker Strike Counteracts Doha Failure

By Bloomberg News
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(Bloomberg) - Oil narrowed a decline as a labor strike in Kuwait cut output for a second day, counteracting the failure of producing nations to reach an output-freeze agreement in Doha.

Saudi-Iran Tensions Scupper Deal To Freeze Oil Output

By Thomson Reuters
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DOHA, April 17 (Reuters) - A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.

EU Regulators Resume Scrutiny of Halliburton, Baker Hughes Deal

By Thomson Reuters
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April 12 - EU competition regulators have resumed their scrutiny of U.S. oil industry services group Halliburton Co's plan to acquire smaller rival Baker Hughes, a deal which U.S. authorities say is uncompetitive and wants to block.

Marathon Oil Signs Deals To Sell $950M Of Assets

By Thomson Reuters
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April 11 (Reuters) - Marathon Oil Corporation said on Monday it had signed agreements to sell non-core assets for $950 million, bringing its total sales through divestitures to about $1.3 billion since last August.

Sanders Wants Nationwide Fracking Ban

By Rigzone
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Saying it’s a danger to the air and water supply, Vermont Sen. Bernie Sanders upped his rhetoric on hydraulic fracturing Monday by calling for a nationwide ban on fracking.

Chevron cutting 655 Houston jobs amid oil bust

By Houston Chronicle
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HOUSTON – Chevron Corp. is planning to shed 655 jobs in Houston soon as part of a broader payroll cut across its upstream division announced last October, the latest round of industry layoffs amid a two-thirds drop in crude prices since mid-2014.

Canada Ever-Shrinking Oil Industry Braces for More Job

By Bloomberg News
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(Bloomberg) -- After almost two years of sinking oil prices and at least 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations.

Saudi to Join Oil Output Freeze Only if Iran Joins

By Thomson Reuters
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LONDON, April 1 (Reuters) - Saudi Arabia will agree to freeze crude oil production levels only if Iran and other major producers do so, the kingdom's deputy crown prince said in an interview with Bloomberg.

BP to Lay Off 500 Workers in Houston

By Rigzone
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BP plc, headquartered in the UK, has announced it will lay off 500 of its workers in Houston.
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