Aramco Workers Head Back To The Office
Aramco’s staff, who have been working from home during the worst of the pandemic, have started returning to offices and work sites, Bloomberg reports , adding some 75 percent of Continue Reading
Mexico Shuts The Door To Foreign Oil Companies
There will be no new exploration and production contracts on the table for private or foreign companies in Mexico under a government plan set to be made public soon. “We Continue Reading
Oil Industry Is Fading Away in Land of the World’s Richest Reserves
Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil stores than any other country. Continue Reading
Decoupling With U.S. Would Cut China’s Growth to 3.5%:
The worsening conflict between China and the U.S. has damaged bilateral trade, but a complete decoupling between the two largest global economies would be even more damaging to China’s long-term Continue Reading
Taking power – Chinese firm to run Laos electric grid amid default warnings
The poor, small Southeast Asian country of Laos is set to cede majority control of its electric grid to a Chinese company, as it struggles to stave off a potential Continue Reading
US Jobs Report Aug. 2020: Unemployment Rate Falls to 8.4%, Adds 1.4 Million Jobs
The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid Continue Reading
L.A.’s Metro Flirts With Fare-Free Public Transit
With ridership hovering around 50% of pre-pandemic days, the transit agency serving the most populous county in the U.S. is considering a radical change: eliminating bus and rail fares. In a board Continue Reading
Oil Rig Count Inches Higher Amid Price Plunge
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 1 to 181. The total number of active oil and gas rigs increased Continue Reading
Canada Bets Big On Hydrogen To Boost Oil Production, Cut Emissions
The federal government of Canada and the provincial government of Alberta are each drafting hydrogen strategies to reduce emissions, which, in the case of Alberta, would allow it to cut Continue Reading
Shunning Natural Gas Could Drive Up Hydrogen Price 37%
An analysis finds that shunning the use of hydrogen made from fossil fuels completely in the EU would spike the cost of “green hydrogen” for decades. (Bloomberg) — Producing hydrogen Continue Reading