Post Tagged with: "downturn"

Source: Reuters

Global oil supply to fall 6% by 2030 due to delayed projects: data

Reuters


LONDON – Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed.…

Oil & Gas 360 - KLX Energy Services Completes Motley Acquisition frac truck

National Oilwell Varco Posts Nearly $5.4 Billion Loss During Second Quarter

From The Houston Chronicle


Houston oilfield service company National Oilwell Varco reported a multibillion loss during the second quarter amid what executives are calling a “generational oilfield downturn.”

NOV reported a nearly $5.39 billion loss on $2.13 billion of revenue …

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

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

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 …

December 12, 2018 - 1:52 pm Closing Bell Story‎, Energy News, Jobs