Articles Tagged "Oil Company News"

Woodside Cuts 300 Jobs

Yahoo News reported that Woodside (ASX:WPL) has cut hundreds of jobs as it strives to implement plans to deliver a more streamlined organizational structure in the wake of the global slump in commodities.

Hinto Energy Announces Proprietary Technology to Improve Production and Increase Reserves

Hinto Energy Inc. (OTCQB:HENI) announced a proprietary technology set to improve production and increase reserves of both newly drilled and existing oil and gas wells by 80 to 620 percent. The technology is designed to drill multiple, but very short radius lateral bore holes, from a vertical well that extends out to a maximum of 300 feet, compared to vertical drilling that is perforated or where a produced open hole is indicated.