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
Category Archives: Industry News
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.
A Glance at What’s Coming for Oil and Gas in 2018
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 Commits to the Environmental Partnership
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.
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.