All Not well in Norway’s Oil Town as the ‘low price effect’ hits harder

By AFP… Sparkling wine instead of champagne, companies cancelling their Christmas celebrations, unemployment soaring and real estate prices flagging: with crude prices plunging from record highs, Norway’s oil capital Stavanger is hungover after the party. “There you go, another rejection.” Roger Schurmeyer holds up the umpteenth job rejection letter he has received on his smartphone.

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Oil prices drop in latest market shocker

The Oil market has registered a fall in Crude prices reportedly arising from  oversupply, causing shock especially in the latest and prospective African Oil producers. Crude has registered a fall of a bout 65% according to market readers causing panic among dealers especially at a time when multinationals and other suppliers are employing measures to

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Tullow’s job cuts: it was only a matter of time

The people who are still employed by Tullow Oil have a reason to thank their God. The last couple of months have been months of uncertainty, speak of this thing they call Job insecurity. Certainly, the fate of many in Uganda, for example, must have remained hanging in balance until last week when Tullow Oil

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