Author: Oilconvo News

Oil hits $75 for first time since 2014 on supply outages in Libya and Canada

Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted U.S. crude to levels not seen since late 2014. Read Full Article Here: https://www.cnbc.com/amp/2018/07/03/oil-libya-declares-force-majeure-on-supplies-demand-slowdown-looms.html

Oil and gas industry is coming for Colorado’s sand dunes

Alana Miller writes that the Great Sand Dunes, a national treasure, may be compromised if the Trump administration goes forth with a plan to allow oil and gas drilling nearby. Read Full Article Here: https://www.cnn.com/2018/06/25/opinions/great-sand-dunes-risk-oil-drilling-miller/index.html

E&P Salary Report Matches Growing Stability In Industry

The oil and gas industry is making a strong recovery from the downturn and an indication of the bounce back is the uptick in salaries, according to CSI Recruiting’s 2018 E&P Salary Report. The salaries, particularly for engineers, are not quite as strong as they once were, but CSI Recruiting’s president, Jeff Bush, said the numbers are moving in the right direction. CSI Recruiting polled 2,900...

Here’s what could happen to oil if everyone’s OPEC expectations are wrong

June has been a crazy month for market-moving global events, and the tail end of this week is shaping up the same way, if OPEC succeeds in shaking up the status quo. The next 24 to 48 hours could turn into a “headline-driven-free-for-all, so buckle in,” is the sage advice from OANDA’s head of trading, Stephen Innes. He’s referring to this week’s three-day OPEC summit, which ends Saturday […]...

Energy camp fuels interest in oil and gas industry

For the fourth year high schoolers from the area have gained knowledge on the inner workings of the oil and gas industry at the Shell Energy Venture Production Camp hosted by Fletcher Technical Community College. “The program is aimed at sparking an interest in the oil industry for high school students,” said camp mentor Hunter Lindley. “The oil and gas industry in Louisiana is huge. Camps like th...

Petrofac boss says digital revolution can bring ‘whole world’ of oil jobs – News for the Oil and Gas Sector

Petrofac’s John Pearson believes the digital transition can better the life of those working in oil and gas by offering “a whole world” of new jobs. Speaking at the Future Oil and Gas Conference in Aberdeen, Mr Pearson said that a digital world will not “limit” workers to jobs which are merely local, but worldwide. … Read Full Article Here: https://www.energyvoice.com/oilandgas/north-sea/174156/pe...

The party may end soon: Economists predict a recession by 2020

The skies of the U.S. economy are clear and sunny, but many analysts see storm clouds on the horizon. By many measures, the economy is in its best shape since the Great Recession of 2007 to 2009. Employment hit an 18-year low of 3.8% in May. Average wage growth is widely expected to reach 3% by the end of the year. And the economy is projected to grow nearly 3% in 2018 for just the second time sin...

Geologist finds massive Alaskan oil well on a hunch

  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 risked a big chunk of his own money on a hunch that he spotted a large pool of oil in Alaska. “The North Slope of Alaska has been kind of left behind, everybody believed that all the big fields had been...

Some Permian Basin workers get 100 percent pay raises as oil boom creates labor shortage

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 is hitting a record high, allowing the city to get around to fixing busted roads. But the crazy-low 2.1 percent unemployment rate is a bear. As the proprietor of Mulberry Cafe and Gerardo’s C...

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report – Oil & Gas 360

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 up. LinkedIn’s workforce report for June details a year-over-year rise in hiring of 5.2%. The report details the strong correlation between oil prices and hiring within the industry.[Read More…]...

The World’s Largest Oil & Gas Companies 2018: Royal Dutch Shell Surpasses Exxon As Top Dog

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 Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales due to lofty commodity prices. Irving, Texas-based...

The Growing Force Of Digital Disruptions Sweeps Through The Oil And Gas Industry

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 2018 Read Full Article Here: https://www.forbes.com/sites/markvenables/2018/05/30/the-growing-force-of-digital-disruptions-sweeps-through-the-oil-and-gas-industry/#21c92e376d58

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