What Happened To The IPO Market For Oil And Gas Independents?
The IPO market for oil and gas independents has evaporated, as the cost of replacing assets – including leaseholds, reserves and drilling inventory – exceeds th...[Read More]
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 t...[Read More]
What is petroleum, and where does it come from?
You gotta crack some plankton to make crude oil. If you’re reading something related to fossil fuels here on ZME Science, chances are it somehow ties into the i...[Read More]
BIG OIL BOOMS: Texas Truck Drivers Make $140k, Forces Rising Wages in Other Industries
Big Oil is having an incredible impact, again, in Texas. Midland, TX is experiencing such a booming shale-oil economy that truck drivers are making more than $1...[Read More]
Pope Francis Criticizes Continued Search for Fossil Fuels at Meeting with Oil Executives
Pope Francis warned against the “continued search” for fossil fuels Saturday and urged a gathering of oil executives, investors and officials to meet the world’...[Read More]
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 Armstron...[Read More]
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...[Read More]
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 accord...[Read More]
Venezuela struggles with huge oil export backlog
Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals, according to shipping data, as chronic delays and productio...[Read More]
Value of OPEC petroleum exports jumps in 2017 after oil supply cut
LONDON, June 7 (Reuters) – The value of OPEC members’ petroleum exports rose 28 percent in 2017, according to its annual statistical report, illustr...[Read More]
OPEC meeting ‘might be one of the worst since 2011’ amid differences over supply
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 a...[Read More]
Exxon Mobil criticized for worker rights and safety issues at annual shareholder meeting
Exxon Mobil faced heat over worker rights and safety at its annual meeting on Wednesday but it prevailed against several shareholder demands. Shareholders voted...[Read More]