Oil & Gas Rig Count Rises For The First Time In Eight Weeks
The US oil and gas rig count rose for the first time in eight weeks, according to Baker Hughes, increasing by just 1 for the week, according to Baker Hughes, Continue Reading
Energy Firms in US 10th Dist. See Decreased Activity in 3Q
Oil and gas firms in the U.S.’ 10th District saw a moderate decrease in activity for the third quarter of 2019, according to results of the Kansas City Fed’s 3Q Continue Reading
Oil Giant Slashes Jobs Amid Shale Slowdown
Halliburton announced that it would lay off 650 workers across four U.S. states due to the slowdown in shale drilling. The oilfield services giant blamed “local market conditions” for slashing Continue Reading
Shale Wells ‘Riding the Edge’ of Profitability at Present Prices
U.S. shale oil plays are “riding the edge of profitability” at current prices and the industry faces a significant slowdown in fracking activity if crude falls below $50 a barrel Continue Reading
Halliburton Cuts 650 Jobs in US
Oilfield services giant Halliburton has laid off 650 employees in Grand Junction. Halliburton Company has laid off 650 employees in the U.S., the Houston-based oilfield services giant confirmed Wednesday. The Continue Reading
Warren’s Fracking Proposal Has Shale Investors Weighing Risk
The prospect of Elizabeth Warren becoming the 2020 Democratic presidential nominee, or the 46th president of the U.S., has energy investors worrying about risks to hydraulic fracturing. “What happens if Continue Reading
Permian Serves As Oil Market Shock Absorber
The Permian Basin helps to dampen the effects of geopolitical and domestic impacts affecting the oil market. For the oil market, the Permian Basin acts like a shock absorber. That Continue Reading
The Race To Save $100 Billion – A Digital Revolution In Oil
In a new in-depth study, Rystad Energy estimates that as much as $100 billion can be eliminated from E&P upstream budgets through automation and digitalization initiatives in the 2020s. Service Continue Reading
Peak oil demand is now
The theory of “peak oil demand” was a techno-utopian response to the supposed debunking of the peak oil theory first set out by M. King Hubbert in the 1950s. Hubbert’s Continue Reading
Short-Term Energy Outlook
Forecast Highlights Winter Fuels Outlook The U.S. Energy Information Administration (EIA) forecasts that average household expenditures for all major home heating fuels will decrease this winter compared with last. This Continue Reading