Archives for December 2019
Halliburton to close office in Oklahoma, layoff 800 employees
Houston oilfield service company Halliburton plans to close an office just west of Oklahoma City where more than 800 employees are losing their jobs. Source: FuelFix
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NOV to lay off employees, suspend operations at Galena Park facility
Struggling oilfield service company National Oilwell Varco plans to suspend operations at a facility in the Houston suburbs where it will lay off 85 people. Source: FuelFix
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Apache reports muted first results in Suriname
Houston’s Apache Corp. announced muted initial results of its exploration drilling at its hotly anticipated prospect offshore of the tiny South American nation of Suriname. Source: FuelFix
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Fuel prices largely flat after holiday break
Prices at the pump remained largely flat during the Thanksgiving holiday break with the national average dipping by one cent and Houston-area prices rising by a single cent. Source: FuelFix
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OPEC+ gambles that U.S. shale’s golden age is over
For years, OPEC ignored the rise of the U.S. shale industry and came to regret its mistake. Now, the group is making another bold gamble on America’s oil revolution: that its golden age is over....
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