Revised employment numbers from the federal government indicate the state of Texas lost more oil and gas jobs than first reported. A report by the Texas Alliance of Energy Producers stated that about 60,000 oil drilling, production and services workers ended up on the unemployment lines between February and August. That’s 20% higher than the …
** A “terrorist attack” on an oil tanker off the Saudi port city of Jeddah Monday was caused by an explosive-laden boat, the kingdom’s energy ministry said, after the fourth assault on Saudi energy infrastructure in a month. ** Now South Bend, Indiana mayor Pete Buttigieg is being mentioned as the leading candidate to become secretary …
Just as Parsley Energy prepares to be acquired by rival Pioneer Natural Resources Company in an all-stock deal valued at $4.5 billion, Parsley is laying off nearly 234 workers in Austin, Texas. The layoffs, effective Feb. 8, 2021 are part of Parsley’s move to shut down all of its offices at the hub in the …
With Christmas holidays fast approaching, there’s a growing debate whether gasoline prices will increase due to possible growing demand as the public ignores COVID-19 and has family gatherings or will the prices as the pump stay low. Kiplinger’s predicts increased prices carrying into 2021 but still at low levels compared to one year ago. …
A report by Bloomberg suggests the state of North Dakota isn’t expecting any shale oil production turnaround in 2021 and expects the COVID-19 impact to last through 2022. North Dakota, where Harold Hamm and his Continental Resources in Oklahoma made their names well known is now expecting a delayed resumption of large-scale crude oil …
