ob cuts are expected at Houston oilfield service company National Oilwell Varco following the implementation of a company restructuring plan created in response to an…
Future Presidential Candidate Newsom calls for oversight of California petroleum industry
Gov. Gavin Newsom, in the Central Valley on Wednesday for a firsthand look at one of the largest oil spills in California history, vowed to…
The Texas Oilfield Slowdown Is Approaching
Explorers and producers are constrained by the reduction in capacity for borrowings and an increase in the cost of capital. Also, explorers are facing constant…
A Perfect storm is approaching Liberty Oilfield Services
The Permian Basin is responsible for the greatest oil production gains in the U.S. in recent years. Over the past eight years, there has been phenomenal…
Halliburton Cuts 8% of North American Fracking Jobs
After the Frac slowdown that started in the early part of the year, The world’s biggest provider of fracking equipment, including Rock blasting Pressure Pumping…
Marathon Petroleum Stock takes a beating!!
Marathon Petroleum (MPC) closed the most recent trading day at $54.83, moving -1.17% from the previous trading session. This move lagged the S&P 500’s daily…
The oil-rich Permian basin is slowing – Bad News For Halliburton?
Halliburton is days away from reporting 2Q19 earnings, and a shift in the narrative regarding North America could be bad news for Halliburton. Why? Below…
Mexico’s Crude Oil Problem
Mexico’s economy has a high dependence on hydrocarbons. 89% of the country’s energy production is made from fossil fuels. It’s a large producer of oil,…
China’s new refineries spur demand – Crude oil imports are up
A new plant owned by Hengli Petrochemical (600346.SS), capable of processing 400,000 barrels per day (bpd) of crude, reached full operations in late May, while…
Anti Fracking Sen. > Warren Proposes SEC Crackdown On Oil & Gas
Anti Fracking Democrats want companies to disclose their climate risks — and the fossil fuel industry should be worried. Proposals to make the disclosures mandatory…
Moscow and problems over contaminated Russian oil.
Russia is taking a hit to its oil exports into Europe and the U.S oil is winning. Russia has long said that the sanction on…
Care About the Planet? We Need More Fracking
Fracking actually drives down carbon emissions by unlocking new stores of natural gas — the cleanest burning fossil fuel. Rather than ban fracking, pragmatic environmentalists…
Carlos Urzúa’s shows his loyalty with the old Guard?
The departure of the former finance minister, Carlos Urzúa, will not only leave a gap in the federal government but also in the Pemex Board…
Oil prices mixed on US crude stock data
Oil Opens a New Window. prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks Opens a New Window. declining, outweighing…