Oil drilling rig, northern British Columbia, Canada

As the Canadian Oil and Gas Market Flounders, U.S. Companies Prepare for Increased Investments

Today, Canada’s federal government announced plans to spend upwards of $280,000 on a new study examining how competitive the northern nation is in the oil and gas industry. Natural Resources Canada prepared an advance contract award notice that was made public yesterday, calling for an outside supplier to conduct the work for the study, identifying international consulting firm Wood Mackenzie as the preferred candidate. The advance contract award notice stated that the Canadian oil and gas industry fell by over 50 percent between 2014 and 2016. Continue reading

Oil & Gas - High Desert District

American Oil & Gas Companies Build Relations with International Governments

This week, American oil and gas businesses stepped into the role of ambassadors representing their nation’s best interests abroad with deals in both Mexico and Saudi Arabia. Agreements struck with both international governments also demonstrate American dedication to bolstering economies outside of the United States, while providing jobs for hard-working oil and gas experts around the world. Continue reading

oil-pump

Colorado’s Oil and Gas Landscape Faces Bountiful, But Uncertain Future

Oil and gas fever is sweeping the planet. Nations large and small are either beginning to reap the benefits of an energy program or becoming mired in bickering between industry experts and a handful of environmentalists. Either way, every country capable of doing so is moving forward with plans to develop their own energy solutions. In spite of all those programs in the works, Colorado’s oil and gas landscape remains one of the most eventful.

If you haven’t been keeping tabs on the state’s ever-changing oil and gas scene, there’s no need to fear. We’ve catalogued the biggest and best stories for February right here.

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oil rig

Oil and Gas Has the Opportunity to Rebuild Right

Now that the price of oil is once again climbing, there are some among the oil and gas industry who worry that the industry won’t be able to find enough qualified employees to fill the gaps in the field. After several thousand job losses between 2015 and 2016, the prospective pool of oil and gas employees is smaller than ever. However, there is room for hope, because two significant factors are working in favor of oil and gas companies throughout the world.

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What Do Rising Gas Prices Mean for the Entire US Economy?

In the space of a week, Hurricane Harvey has flooded miles of real estate, displaced thousands of Texans, and shut down more than ten percent of the United States’ ability to refine and extract oil and gas. Even if you’re not being bombarded with wind and rain, the impact of Hurricane Harvey will still be felt for some time to come. In fact, the price of a gallon of gas has climbed 18 cents since Hurricane Harvey struck in late August.

That price hike is bad enough for the average driver, but a climbing gas price is just the catalyst for several more troublesome economic repercussions. Here’s what the experts are forecasting.

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Nigeria Is Working to Reestablish Its Credibility On the World’s Oil and Gas Stage

It’s been a tough road for Nigeria as the oil-rich country has struggled to build up its energy industry. In spite of the nation’s ample resources and apparent willingness to commit themselves to oil and gas extraction, a small pocket of corruption has plagued the African nation’s development. Now, after years in the grip of a handful of scam artists, Nigeria is working its way back from the brink, and economic stability might be right behind it.

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