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...It’s a story that weaves from the wildcat drilling of the early 20th century, to a nervous 32-year-old lawyer threatening Margaret Thatcher’s chief financial secretary with offshore structures, to Blackstone...
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...Job moves The head of oil group Equinor’s drilling operations Anders Opedal will take over as chief executive of the Norwegian company in November, replacing Eldar Saetre....
...Oil companies have introduced techniques to recover more oil from wells underground and to speed up drilling, driving down the cost of production as their shareholders demand better returns on investment...
...Executives at KKR blamed the underperformance on the company’s former tax structure, which they say was off-putting to investors and unduly complex....
...The recovery in North American shale drilling and increased production by mining companies boosted Weir, a supplier of heavy-duty equipment, as it posted a one-fifth rise in half-year profit....
...Other companies are grappling with their own specific problems....
...“Companies like Remington expected people to stock up. But that didn’t happen.”...
...Six students told the Financial Times that they were among a group of 3,000 from Zhengzhou Urban Rail Transit School sent in September to work at the local facility run by Apple supplier Hon Hai Precision...
...Drilling equipment is now precise to 30cm, from 3m-4m previously....
...The company announced a full year dividend of $0.83 per share....
...Independent companies exploring shale in aggregate act like a precision valve in the oil supply machine, increasing output as prices rise and decreasing it when they fall....
...They involve oil services groups Schlumberger, Halliburton and Weatherford International, drilling contractors Nabors Industries and Rowan Companies, and engineering and construction companies KBR, Jacobs...
...CP said he would forfeit C$118m (US$89m) in awards and benefits by stepping down and be replaced by Keith Creel, company president....
...But as the Bloomberg story notes, LPs of both firms are left to wonder how conflicts will be managed....
...Delek and Avner’s shares both rose on Monday afternoon after the companies reported the news....
...If, to mangle LP Hartley’s quote, the future is a foreign country — they do things differently there, then maybe future generations are our best guide....
...The weakness in the second quarter was led by investment, which tumbled at a rate of 9.7 per cent, the third straight decline, as companies cut back on spending on structures, such as oil wells, along with...
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