Economy Archives - Page 46 of 51 -

Marcellus and Utica Region Will Supply Nearly Half of Nation’s Natural Gas by 2040: IHS

March 21, 2019

Natural gas liquids production in the Marcellus and Utica formations expected to nearly double in Ohio, Pennsylvania and West Virginia, drawing petrochemical expansion According to a new study from IHS Markit, the Marcellus and Utica shale formations’ production will increase exponentially in the next two decades, driving petrochemical growth in the region. Natural gas from the tri-state region of Ohio,

U.S. Judge Tosses Climate Lawsuits by California Cities, but Says Science is Sound

Fifth Circuit Finds Directional Drillers Are Independent Contractors

March 14, 2019

From Lexology by Littler Mendelson PC On February 28, 2019, the United States Court of Appeals for the Fifth Circuit issued an important decision involving whether contract workers in the oil patch were entitled to overtime. In William Parrish, et al. v. Premier Directional Drilling, L.P., No. 17-511089, the Fifth Circuit reversed a trial court decision and rendered judgment in favor

CU Denver Business School Study Itemizes $ Billions in Paychecks, Colorado Schools, Services from Oil & Gas Drilling and Production - Colorado Capitol - Oil & Gas 360

Colorado Oil & Gas Overhaul Bill Passes Third Committee Hearing, Senate Floor is Next

March 8, 2019

With 6 Dems and 4 Republicans on Senate Appropriations Committee, advancement after Friday’s hearing was virtually assured The Colorado General Assembly is wasting no time rocketing the contentious energy revamp bill through the State House. Senate Bill 19-181 was introduced on March 1, 2019—just a week ago—and It’s moving along partisan lines at record speed. By the end of business

KKR and Western Natural Resources Team Up in the Williston - Oil & Gas 360

Shale Leader Takes a Breath

February 20, 2019

QEP terminates Williston Basin asset sale Shale operator will pause to review strategic alternatives including possible merger or sale; plans a G&A reduction of 45% QEP Resources (stock ticker: QEP, $QEP) said its board of directors has commenced a comprehensive review of strategic alternatives which could result in a merger or sale of the company or other transaction involving the

Xi Has Few Good Options After Trump’s Ultimatum on G-20 Meeting - Oil & Gas 360

Will 2019 be Remembered for Layoffs in Global Economy?

January 14, 2019

Asia, Europe could be hit hardest — corporations across multiple sectors worldwide tightening their belts, cutting workforces From Asia Times In a speech that displayed an uncharacteristic level of bearishness, Hong Kong’s richest billionaire tycoon Li Ka-shing has warned of a global economic slowdown in 2019. Hong Kong’s richest man, who stepped down last year from his sprawling conglomerate with

Trade War Comes With an Unexpected Bonus: More Trade

December 31, 2018

From Bloomberg A few days before Christmas, the container ship “SM Shanghai” was steaming toward California’s Port of Long Beach. Just ahead and coming to the end of an 11-day journey from China, the “Ever Lucent” was headed for the nearby Port of Los Angeles, where the “Thomas Jefferson” was preparing to sail in the opposite direction for Xiamen. The

German Recession Looming Over Nation’s Industrial Backbone

December 31, 2018

From American Journal of Transportation More than half of Germany’s small and medium-sized enterprises think Europe’s biggest economy could contract next year, hobbled by slowing global growth, trade disputes and a stuttering auto sector. Almost 53 percent of so-called “Mittelstand” companies surveyed by the BVMW industry association fear that a recession could strike in the next 12 months, the group

Non-Residential Construction Starts Pull Back, Construction Growth Rate Slows Considerably: Dodge

December 28, 2018

New Construction Starts in November Slip 7 Percent

U.S. Manufacturers Report Optimism Heading into 2019, but Tariff-Induced Costs, Fed Rate Hikes, Trade Tensions, and Dem Pledge to Roll Back Tax Cuts in New Congress Weigh on Optimism

December 28, 2018

From the Washington Times American manufacturers think the future looks bright. The GOP-led tax cuts and President Trump’s deregulation efforts are driving record-high optimism in the industry heading into 2019, findings that come amid significant volatility on Wall Street as investors brace for a potential slowdown in the U.S. economy next year. Nearly 89 percent of the 539 companies polled

Canadian Dollar Hits 18-Month Low

December 21, 2018

From The Globe and Mail The Canadian dollar was little changed against the greenback Thursday but hit a 1-1/2-year low earlier in the session and underperformed other G10 currencies, as investors worried that the slumping price of oil could hurt Canada’s economy. Oil prices hit their lowest in more than a year on worries about oversupply and the outlook for

Texas Has Recovered Half of Oil and Gas Jobs Lost to Downturn

December 12, 2018

From Houston Chronicle Oil and gas companies in Texas added 2,400 exploration and production jobs in October, marking 23 consecutive months of job growth, according to the Texas Oil & Gas Association. The association, citing data from the Texas Workforce Commission, reported on Tuesday that Texas has recovered 49 percent of the jobs it lost between peak employment in December

Oil Price Drop Could Signal Lower Volumes on Horizon for Freight Haulers

November 26, 2018

Study: for each well that is drilled, up to 6,000 truckloads of freight haul business are generated From FreightWaves Since the beginning of October, the price of oil has been dropping steadily. As of Friday’s close, crude oil benchmark WTI (West Texas Intermediate) was off by nearly 25%. We’ve seen this play out before. Oil tops and then rapidly drops

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