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
$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
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.
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
$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
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
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
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
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
The White House says it is focused on lifting climate-driven restrictions, developing $50 trillion in oil and gas, opening up federal lands and developing clean coal President Trump wasted no time moving forward his energy intentions. After being sworn in Friday morning, the Trump White House got started by posting memos that updated two top priorities – energy and jobs. The White
Marcellus, Utica natural gas producers take a step closer to U.S. Gulf Coast markets “The Marcellus and Utica basins – the fastest-growing natural gas supply region in North America – have the lowest development and production costs along with the highest growth prospects of any large basin on the continent.” That’s how TransCanada (ticker: TRP) characterized the upside for Appalachian
Optimism returns: WoodMac calls for $450 billion in upstream O&G project FIDs in 2017 According to Wood Mackenzie’s global upstream outlook for 2017, confidence will start to return to the oil and gas sector in 2017, with exploration and production spend set to rise by 3% to US$450 billion. The investment level is still 40% below the heady days of 2014,
