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April 30, 2016 9:51 pm

Saudi Arabia to Scale Back on Record Crude Oil Output Levels

EY Survey: Work Still Needed in Oil, Gas Workforce’s Gender Diversity

Though progress has been made in the oil and gas industry’s gender diversity issue, a recent EY survey reveals opportunities for improvement.

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CNOOC’s 1Q 2016 Revenue Falls to $3.8B, Down 30.7% YOY

CNOOC’s revenue falls to $3.8 billion in the first quarter of 2016, down 30.7 percent from last year as low oil prices continue to weigh on the firm’s turnover.

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Russian April Oil Output Edges Down To 10.86 Million Bpd

Russian oil production edged lower in April to 10.86 million barrels per day from a record 10.91 million in March.

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Oil Ends Steady Near $50; Best Monthly Gain in Brent in 7 years

Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.

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Pemex Says $8B More In Government Aid Could Be On Its Way

Mexico is doing everything it can to salvage its cash cow, and the next step may be to reimburse the oil giant for $8 billion in pension liability savings.

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