The Oilfield Services Model Is Broken
The traditional oilfield services business is broken and the only way to fix it is a complete rethink on how the industry does business. At least that’s what the Paal Continue Reading
TransCanada Restarts Keystone Oil Pipeline After Leak
TransCanada Corp. said Sunday it restarted its Keystone pipeline, shown in this 2013 photo, after… The Canadian company said it has completed repairs to the leak , which caused a Continue Reading
Average U.S. gas prices rose 8 cents in three weeks: Lundberg
The price of regular unleaded gas is pictured at 2.65 U.S. Dollar per gallon (3.7 Liter) at a Arco gas station in Los Angeles, California January 22, 2016. The average Continue Reading
U.S. shale oil firms feel credit squeeze as banks grow cautious
Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet Continue Reading
U.S. banks’ dismal first quarter may spell trouble for 2016
It is only April, but some on Wall Street are already predicting a rotten 2016 for U.S. banks. Analysts say it has been the worst start to the year since Continue Reading
Cheap Gasoline Creates Illusion of Abundance for American Motorists and Policymakers
The U.S. saw average retail gasoline prices drop below $2 per gallon in early January, the lowest prices observed since 2009 during the depths of the global financial crisis. Cheap Continue Reading
U.S. oil job cuts reach about 118,000
The U.S. oil industry handed out 23,200 pink slips in the first three months of the year as companies began cutting their once-flush spending budgets deeper than in the ferocious Continue Reading
Russia’s Most Important Bank Needs a Bailout
When the Russian government needed to build up infrastructure in the southern city of Sochi ahead of the 2014 Winter Olympic Games, it turned to Russia’s most important lender: Vnesheconombank, Continue Reading
Ford tests Fusion Hybrid autonomous research vehicles driving in complete darkness
As part of its LiDAR sensor development, Ford has tested Fusion Hybrid autonomous research vehicles in complete darkness without headlights on desert roads, demonstrating the capability to perform beyond the Continue Reading
Oil Stages Comeback On Bullish EIA Data
Oil prices spiked five percent on friday reaching two week highs on the back of stockpile draws and declining U.S. production. Oil prices increased from the mid-$30s per barrel this Continue Reading