Iraq Oil Supplies Vulnerable as Mideast Tensions Flare

Oil supplies from Iraq, the Middle East’s second-biggest producer, are “potentially vulnerable” amid rising political risks in the country and the broader region, the International Energy Agency warned. Crude prices briefly soared to a three-month high above $70 a barrel last week as tensions between the U.S. and Iran erupted in neighboring Iraq, where America

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Total taps Maersk Drilling for Depth-record-setting Angola-Namibia Campaign

Maersk Drilling has been awarded contracts for a three-well exploration drilling project by Total E&P Angola Block 32, Block 48 and Total E&P Namibia B.V. for the 7th generation drillship Maersk Voyager. Maersk Voyager will be employed offshore Angola and Namibia for a campaign which includes the deepest water depth ever drilled offshore. The project

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Oxy Conducts ‘Voluntary Reductions’ and Layoffs Across its U.S. Operations

Occidental Petroleum began sweeping job cuts at multiple U.S. locations this week, including what a representative called voluntary reductions and outright layoffs, as the company seeks to reduce debt. Specific details on impacted employees and locations were not made public. The Houston Chronicle reported on Jan. 8, referencing an internal email, that employees of Occidental

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