OPEC, for some quiet moments..

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Jeff Currie, Goldman Sachs head of commodities, weighs in on consolidation in the energy industry, after Royal Dutch Shell announced it is buying BG Group.

Oil's new order: Jeff Currie | Watch the video - Yahoo Finance

The hemorrhaging of oil prices isn’t just going to cost jobs on rigs and fracking sites. Every job lost in the oil and gas sector may result in another three to four jobs lost outside the industry, according to a research note from Goldman Sachs’s Alec Phillips.

For every oil job lost, up to four more may go, analyst says - MarketWatch

Woodside Petroleum's Pyxis-1 exploration well, in production license WA-34-L, has intersected approximately 18.5 m of net gas within its Jurassic sandstone target, the company announced Wednesday. The well reached a total depth of 3,347 m. Wireline logging has confirmed the discovery through the recovery of gas samples to surface and the establishment of a gas pressure gradient.

Woodside hits gas offshore Western Australia

Oil companies have a knack for picking the bottom in crude prices, and history may be about to repeat itself. Traders and analysts are speculating that Royal Dutch Shell Plc’s takeover of BG Group Plc for $70 billion may be the first in a wave of acquisitions, as oil companies seek to drive out costs following the rout in oil prices.

If history is any guide, big deals signal oil market bottoming