U.S. Oil, Gas Rigs Fall Below 400 For The First Time Since 1940
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 34, falling to 374, with the total oil and Continue Reading
U.S. Oil Towns Could Take Years To Recover From Crude Price Shock
Oil towns and counties in America’s states most dependent on oil revenues are once again hit by the bust in the oil cycle, but this time the drilling activity slump Continue Reading
Illinois Basin coal output totals 19.2 million st; lowest on available data: MSHA
Illinois Basin coal production totaled over 19.2 million st in the first quarter of 2020, down 7.3% from the previous quarter and down 30.7% from the year-ago quarter, Mine Health Continue Reading
Halliburton Lays Off Additional Staff in Houston
Approximately 984 employees were affected. As a result of the dramatic downturn in business sparked by the coronavirus and OPEC+ policy, Halliburton has announced another group layoff this week, according Continue Reading
No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say
As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted jobs, Americans should not expect Continue Reading
As Job Losses Mount, Lawmakers Face a Make-or-Break Moment
Bridget Bennett for The New York Times WASHINGTON — As the nation confronts unemployment levels not seen since the Great Depression, Congress and the Trump administration face a pivotal choice: Continue Reading
North Dakota Launches Bakken Restart Task Force
The group is carving out ways to secure, strengthen, and stimulate North Dakota’s energy future. North Dakota’s Department of Mineral Resources has established a Bakken Restart Task Force to help Continue Reading
Trump administration signals help coming for solar and wind energy amid pandemic
The Trump administration is signaling it is about to offer a lifeline to solar and wind projects battered by the coronavirus pandemic. In a letter sent to senators Thursday, the Continue Reading
Norway’s Oil Industry Questions $10 Billion Tax Plan
A $10-billion tax deferral plan proposed by the Norwegian government has prompted two oil industry executives to voice concern that it would do nothing to support the sustainability of the Continue Reading
UK ‘to bring in 14-day quarantine’ for air passengers
UK airlines say they have been told the government will bring in a 14-day quarantine for anyone arriving in the UK from any country apart from the Republic of Ireland Continue Reading