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Oilconvo News wrote a new post, Geologist finds massive Alaskan oil well on a hunch 6 years, 6 months ago
A geologist risked his own money to set up a rig after spotting what he believed to be a large pool of oil in Alaska.
Bill Armstrong, the CEO of Armstrong Oil & Gas, told FOX Business he […]
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RittaFarr posted an update 6 years, 6 months ago
Another sign that the industry has bounced back.
https://oilprice.com/Energy/Energy-General/Hiring-Frenzy-Spurs-Wage-War-In-The-Permian.html
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The next big wave of news will be focused on the employment market. Many talented professionals left the industry, leaving a shortage. This issue, plus the skills gap that has long been a concern is a mini tidal wave for the energy market as a whole, even with only 70% of the jobs coming back, there will still be a shortage.
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Oilconvo News wrote a new post, Some Permian Basin workers get 100 percent pay raises as oil boom creates labor shortage 6 years, 6 months ago
Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom.
It’s fueling the region and starving it at the same time. Sales-tax revenue i […]
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Sums it all up…”The oil industry has such a ferocious appetite for workers that it’ll hire just about anyone with the most basic skills”
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Oilconvo News wrote a new post, Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report – Oil & Gas 360 6 years, 6 months ago
Oil hiring swells in Texas, U.S. oilpatch Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks […]
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PatrickO'Brian wrote a new post, Venezuela struggles with huge oil export backlog 6 years, 6 months ago
Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals, according to shipping data, as chronic delays and production declines could breach state-run PDVSA’s […]
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phillipurich wrote a new post, Value of OPEC petroleum exports jumps in 2017 after oil supply cut 6 years, 6 months ago
LONDON, June 7 (Reuters) – The value of OPEC members’ petroleum exports rose 28 percent in 2017, according to its annual statistical report, illustrating that its return to managing the oil market by […]
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RittaFarr wrote a new post, OPEC meeting 'might be one of the worst since 2011' amid differences over supply 6 years, 6 months ago
The forthcoming meeting between OPEC and non-OPEC oil producers, including Russia, could be one of the most fractious in recent years with competing interests and demands at play, according to oil market […]
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RittaFarr wrote a new post, Exxon Mobil criticized for worker rights and safety issues at annual shareholder meeting 6 years, 6 months ago
Exxon Mobil faced heat over worker rights and safety at its annual meeting on Wednesday but it prevailed against several shareholder demands.
Shareholders voted against four resolutions, including a […]
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Oilconvo News wrote a new post, The World's Largest Oil & Gas Companies 2018: Royal Dutch Shell Surpasses Exxon As Top Dog 6 years, 6 months ago
Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corp.
The Angl […]
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ED wrote a new post, The Growing Force Of Digital Disruptions Sweeps Through The Oil And Gas Industry 6 years, 6 months ago
Change is not something that is customarily in the DNA of oil and gas but IoT, Big Data, artificial intelligence, augmented reality and Blockchain are all buzzwords on the lips of executives in […]
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RittaFarr posted an update 6 years, 7 months ago
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Very interesting indeed… “The U.S. firm, backed by EIG Global Energy Partners, was forced to bid against itself five times, including twice over one weekend, until it made a final offer of $10.8 billion, up more than 50 percent from its first approach last August.”
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RittaFarr posted an update 6 years, 7 months ago
WTI crude drops under supply pressure, but Brent ticks higherU.S. oil prices continued to lose ground on Tuesday, though Brent prices were rising, with the divergence coming against a background of potentially higher supply.
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Oilconvo News posted an update 6 years, 7 months ago
http://money.cnn.com/2018/05/28/investing/oil-prices-down-saudi-arabia-opec/index.html
Oil prices are falling fast. Here's whyOil prices have been slumping since Friday when Saudi Arabia indicated a willingness to pump more oil into global markets.
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Oilconvo News posted an update 6 years, 7 months ago
Oil prices are tanking as Russia and Saudi Arabia rethink output capsOil prices fell as Russia's energy minister said a group of two dozen producer nations could soon begin easing production limits.
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RittaFarr wrote a new post, The 'biggest' change in oil market history: A shipping revolution could prompt crude prices to soar 6 years, 7 months ago
The most prominent driver of oil prices over the next two years is likely to come in the shape of a shipping revolution, analysts have warned.
Read Full Article Here: […]
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jamesnit became a registered member 6 years, 7 months ago
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Oilconvo News wrote a new post, Whatever Happened to Fracking? 6 years, 7 months ago
Remember the good old days when experts decided that the power of the OPEC oil cartel to control oil prices had come to an end? That fracking had made the United States the swing producer, ramping up […]
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almasi49 became a registered member 6 years, 7 months ago
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Oilconvo News wrote a new post, Oil prices have come full circle since OPEC refused to cut output 3½ years ago 6 years, 7 months ago
Brent crude is trading at the highest levels since Nov. 25, 2014, just before an OPEC meeting that tanked the market.
Read Full Article Here: […]
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PatrickO'Brian posted an update 6 years, 7 months ago
https://www.cnbc.com/2018/05/16/oil-to-hit-90-in-2020-on-diesel-jet-fuel-demand-morgan-stanley.html
Crude oil to hit $90 a barrel as diesel, jet fuel demand soars, Morgan Stanley predictsA looming shortfall in crude oil needed to make certain kinds of fuel will push Brent to levels not seen since October 2014, Morgan Stanley says.
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The looming shortfall can quickly be erased with OPEC adjusting their output. Let the game of supply and demand begin.
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