Tullow Oil may do OK, Moody’s says

Daniel J. GraeberLONDON, March 2 (UPI) — The outlook for Africa-focused Tullow Oil is negative, though the company may recover on the back of new Ghanaian operations, Moody’s Investors Service said.

Canada’s Nexen reducing headcount

Daniel J. GraeberCALGARY, Alberta, March 2 (UPI) — A Canadian subsidiary of China National Offshore Oil Corp. said it was reducing its headcount as the industry works through a weakened oil economy.

Statoil to explore offshore Ireland

Daniel J. GraeberSTAVANGER, Norway, March 2 (UPI) — Following a successful 2015 auction, Norwegian energy company Statoil said it was building a better position in the emerging reserve potential offshore Ireland.