Wednesday, August 12, 2026

Introducing Refineries’ New Junk Product: Gasoline

From Bloomberg Once the oil industry’s star product, gasoline is now losing oil refineries money in Europe and has plunged in value against diesel, its main competitor. How did this happen? Here’s a run-through of what’s taken place in a more than $1 billion a day business and how the world’s oil refiners might respond. The simple answer is that

Offshore’s Latest Cost-Cutting Trick: Re-Use Entire Platforms

From Bloomberg Oil companies have pushed through draconian cost cuts during the recent industry slump, but they’re not quite done yet. Spain’s Repsol SA unveiled plans to re-use its Gyda platform in Norway’s North Sea on another field, an unprecedented step for a fixed installation, according to the head of Repsol’s Norwegian subsidiary Vidar Nedrebo. Repsol has spent almost a

Venezuela

Venezuela’s Decline From Oil Powerhouse to Poorhouse

From Bloomberg Oil is at the center of the Venezuelan economy. It accounts for 95 percent of the country’s export revenues and bankrolls the regime of President Nicolas Maduro. Even with global prices rising above $80 a barrel last month, the nation’s output is sliding. The U.S. shale producers boosted supply by 23 percent in the past year, while in

Drilling Slowdown Challenges, Invigorates Oilfield Service Providers -Oil & Gas 360 -gastar oklahoma double pump

Oklahoma Supreme Court Sides with Oil and Gas Industry Over Who Has Regulatory Oversight

Kingfisher Country tried to ban produced water pipelines in county road easement; state high court ruled that state agency OCC has exclusive jurisdiction to regulate oil and gas operations in Oklahoma From The Journal Record OKLAHOMA CITY – A legal battle between the state’s oil and natural gas industry and local regulators came to a close Tuesday, when the Oklahoma Supreme Court decided

Roughnecks at drill site.

Oilfield Worker Shortage May Cause Thousands of Permian Basin Wells to Sit Idle in 2019

Oilfield offers big paydays but little job security From Bloomberg/Dallas Morning News Ryan Byrd worked five years in oilfields from China to West Texas. But after the worst price rout in a generation left him jobless, he’s not ready to jump back into the mix. Now working at a jail in Huntsville, Texas, the 33-year-old Byrd is happy to have a