Oil and gas businesses were shocked by the news today that New Zealand’s Labour government chose to ban future offshore exploration. The South Pacific nation is one of the first in the world to take such drastic, short-sighted measures, joining France, Belize, and Costa Rica.Continue reading
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
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
After the price of Brent oil hit a 12-year low of $30 a tonne in 2016, the energy sector has desperately needed a resurgence of industry confidence. Fortunately, 2018 seems to be the year oil and gas businesses have been eagerly awaiting. Continue reading
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.
These twelve months are the ones we deserve, everyone. After thousands of lost jobs, dozens of baseless protests, and interminable money lost to our economy as a whole, the United States oil and gas industry is ready to rebuild.
Here’s how it’s going to happen.
Oil and gas industry leaders are voluntarily committing to reducing methane and volatile organic compound (VOC) emissions in accordance with a new initiative from the American Petroleum Institute called the Environmental Partnership. The initiative calls for businesses to make efforts to cut leaks from wells, pipelines, and other sources of onshore production.
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.
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.
On Wednesday, August 2, Congress flexed unified legislative muscle for the first time in a long time by implementing a series of fresh sanctions against three countries whose behavior is increasingly worrisome: Iran, North Korea, and Russia.