Is Joe Biden anti Oil and gas?
What is Joe Biden Energy Policy ? will he end frac as Trump has stated? Back in 2019 Biden’s presidential campaign unveiled a $1.7 trillion...
Category: OilField
The petroleum industry, also known as the Oilfield, oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline
Oilfield companies will always put the bottom line first
It’s all about the profit margins We live in a capitalist country after all. so we shouldn’t be surprised when companies layoff thousands of workers...
Thousands of oil wells have been shut in
Something that was considered unthinkable in the past is now a reality all across the U.S oilpatch. Across the Permian Basin that is West Texas...
Cairn Energy finds a dry well in Gulf of Mexico.
CAIRN Energy has suffered fresh disappointment with the drill bit in the Gulf of Mexico. Edinburgh-based Cairn told investors yesterday that drilling on the last...
U.S. banks are preparing to start seizing the shale oil assets of companies
U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today. Major U.S. lenders are preparing to become operators...
Trump – Saudis and Russia will ease pressure on oil
President Donald Trump said Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge. The president...
Oilfield: MADE OVER 99K? NO GOVERNMENT HELP FOR YOU
If your an oilfield worker and made too much to qualify in your last tax filing, you probably won’t be eligible for the cash benefit...
Mainstream media is just catching on to the harsh reality of oil
With world running out of storage, crude oil prices in tailspin Global oil prices continue to be in a tailspin amid nationwide lockdowns to stop...
The U.S Oil industry will see thousands of jobs lost
One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks,...
OILFIELD LAYOFFS ARE SKYROCKETING IN TEXAS & NORTH DAKOTA
Many companies are proceeding with temporary layoffs due both to crashing oil prices and the spread of the novel coronavirus that causes COVID-19. (Bloomberg) —...
Massive Crash in American Oil is Approaching
Even after a 60% plunge so far this year to the lowest since 2003, prices will likely drop further to $20 a barrel or below,...
Mnuchin warns U.S jobless rate could hit 20%…
Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that U.S. unemployment could rise to 20% without government intervention because of the impact of...