The victories of the GOP in the US elections is deemed a boon for the oil industry. The Republicans who support the Keystone XL Pipeline project is now at 61; that would give the pipeline project a big boost in terms of legislation. Aside from the pipeline project GOP senators are expected to use their powers to advance … Read More...
A worker named Jerrel Hancock was reportedly killed in an offshore explosion during a routine maintenance at the Echo oil-and-gas platform of Fieldwood Energy LCC in the Gulf of Mexico.
The accident was attributed by the company to an “isolated pressure event” that occurred while the worker was cleaning a piece of equipment that separates oils from other … Read More...
Who would have thought that a boom for the oil industry is the bane to the construction industry? The current boom in the US oil industry has resulted in a high demand for workers. And where are all the skilled workers in the oil industry coming from?
Turns out companies have resorted to poaching construction workers. This has … Read More...
OPEC controls about a third of world’s oil supply but this could end in this decade. That is if the US oil drillers can get the greenlight to export its oil. According to estimates, the US could produce up to 14.2 million barrels per day by 2020. Of course, OPEC will continue to fight the battle and try … Read More...
Now that oil and gas production has grown leaps and bounds in the Western Hemisphere, the issue that needs to be addressed is how to bring the oil to the Eastern Hemisphere where there is a growing demand for it.
This is according to the recent discussions at the Woodrow Wilson International Center for Scholars. There are many … Read More...
There have been reports that the oil price slump would have a negative impact to the US shale gas industry. While we largely share that view, McAllister offered a different perspective through his article, “U.S. fracking firms stay in top gear despite oil price slump”.
According to the report, firms that supply sand and guar gum to the … Read More...
Consumers are rejoicing that gas is now selling at a three-year low of $3 a gallon.
The question this situation raises is should people really be happy? There is no simple answer. It depends who you ask. Individual consumers and industries that rely heavily on gas are happy that the price is now so low.
But this isn’t … Read More...
Oil and natural gas boom can lead to population growth and in the case of the Permian Basin, a greater demand for electricity. According to the town, it has created a new plan to double its electrical grid capacity.
In a press conference, the Executive Director of the Midland-Odessa Transportation Alliance James Beauchamp said that 75,000 people had … Read More...
It is important for the government to also take active participation in the remediation of land used in mining. For such projects, grants have such a big role in ensuring the success of remediation and conservation projects. In some states, fees are collected from new mining projects and then channeled to conservation projects. Fees charged for possible impacts … Read More...
Declining Brent crude prices is a concern for the oil and gas industry. With falling oil prices worldwide, the issue of capital investment in the industry becomes a major issue.
Oil and gas exploration is a very expensive endeavor and many investors are putting a freeze on its investments.
In the UK, looking to maximize its investments, oil … Read More...
