Economy – Page 48 – Oil & Gas 360

The Shale Boom in the Permian Is Slowing Down - 360

Jobs Count Stabilizes, Unemployment Drops when Permian Pumps Oil

July 20, 2017

A report by the Federal Reserve Bank of Dallas indicated that, in May, employment in the Permian basin remained steady, hovering around 158,000 jobs since February. This comes following the period between mid-2014 and early-2016, when Permian employment dropped from approximately 180,000 to approximately 150,000 jobs. The unemployment rate itself decreased from 4.4% in April to 4.1% in May. From

Tellurian is sharply cutting the equity buy-in for potential partners in a bid to make its business model to finance construction of its proposed Driftwood LNG export terminal more attractive.

New Jobs in Energy: Technology, Innovation and Big Data

June 12, 2017

The changing face of energy: new jobs in the broad energy sector Powering the industrial base, fueling all modes of transportation including the nation’s food distribution system, and setting the table for national economic growth—filling jobs in the energy industry is critical to the future economic success of the U.S. Energy-related job openings are changing. New jobs are growing fast, and

Petroleum Industry Contributes $148 Billion to California’s Economy

June 8, 2017

Petroleum industry’s total economic value for California—larger than 15 U.S. state economies A new economic study released today by The Los Angeles County Economic Development Corporation (LAEDC) details the oil and gas industry’s sizable economic and fiscal impacts on California’s economy and also identifies the user industries of refined products and quantifying their economic activity today. The Western States Petroleum Association (WSPA)

Finding Costs Drop to 10-Year Low - Oil & Gas 360

More Than Half of All U.S. Oil and Gas Jobs Are In Texas: Dallas Fed

May 19, 2017

Dallas Fed tracks breakevens, lowest opex The Federal Reserve Bank of Dallas released its Energy Indicators report, outlining the continued recovery of the oil and gas industry. No surprise Texas is the heart of oil and gas activity, with both the Permian and Eagle Ford driving tremendous amounts of production and activity. In total, the oil and gas industry employed

Oil & Gas Infrastructure Could Generate 1 Million U.S. Jobs, Bump GDP by Almost $2 Trillion

May 4, 2017

$1.3 trillion private investment in oil and gas infrastructure could add almost $2 trillion to U.S. GDP By 2035, if the right regulatory policies are in place, private investment could exceed $1.3 trillion for oil and natural gas infrastructure, and create more than one million jobs, according to American Petroleum Institute VP of Regulatory and Economic Policy Kyle Isakower. Isakower’s comments

Oil & Gas is Hiring: Will Energy Companies Be Able to Retain New Hires?

April 28, 2017

Now Hiring: workers are focused on how they’re treated by the company — management that cares, attention to scheduling, holidays with their families The oil and gas industry is hiring. Last summer, Goldman Sachs predicted that 100,000 jobs would come back to the oil and gas sector. A quick scan of the career websites seems to confirm they may be right.

Gulf Coast LNG Importer Golden Pass Cleared to Export from Proposed $10 Billion Plant

April 26, 2017

U.S. Oks Qatar Petroleum/ExxonMobil to Ship U.S. NatGas to Non-FTA Nations from Texas The U.S. Department of Energy has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is jointly owned by Qatar Petroleum (70%) and

U.S. Issues Coal Lease in Utah: “The Interior Department is in the Energy Business” – Zinke

March 17, 2017

$22 million lease covers 56 million tons of coal in central Utah U.S. Department of the Interior Secretary Ryan Zinke announced the approval of a $22 million coal lease this week. The lease, located on the Greens Hollow tract in central Utah, was issued by the DOI to Canyon Fuel Company, LLC, a subsidiary of Bowie Resource Partners, LLC. On

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Fort McMurray Fire Caused Loss of 7 Million Man Hours: Statistics Canada

March 17, 2017

From Fort McMurray Today The Fort McMurray wildfire hurt crude oil production, manufacturing and led to more than seven million lost work hours in Wood Buffalo, according to Statistics Canada data presented to the Fort McMurray Chamber of Commerce Thursday. However, some of Fort McMurray’s political leadership are confident the economic damage will be repaired through the rebuilding phase and

Scotland Launches Decommissioning Fund for North Sea Platforms, Pipelines

February 14, 2017

Looking to spur business activity in Scotland for decom projects Scotland’s First Minister has launched a new £5 million fund that will provide opportunities for the supply chain in Scotland to benefit from the decommissioning of North Sea infrastructure. The Decommissioning Challenge Fund (DCF) will support infrastructure upgrades and innovation in salvage and transport methods at Scotland’s ports and harbors. It will

‘Your Skill Set is 2 Years in Duration–Max’: AT&T CEO Stephenson

February 13, 2017

From University of Missouri St. Louis AT&T (NYSE: T) CEO Randall Stephenson addressed a standing-room-only crowd during the CEO Speaker Series event moderated by UMSL College of Business Administration. AT&T today barely resembles the company that Randall Stephenson took over when he assumed the position of CEO in 2007. It remains hugely successful with more than $163 billion in revenue in 2016 and 33

Texas Oil & Gas Jobs Rise Again

January 30, 2017

From San Antonio Express-News/Houston Chronicle Jobs in Texas’ oil and gas industry rose at the end of 2016 for the first time in more than two years, another sign that the long-awaited recovery in the state’s energy sector is gaining traction. Texas added an estimated 3,000 oil and gas jobs in November and December, after shedding more than 100,000 during

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