Archives for May 2020
Getting oil to flow again won’t easy
Companies already are looking ahead to what may prove to be an even bigger challenge: turning wells back on. Source: FuelFix
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Oil companies warned about false Railroad Commission inspectors
Authorities and industry groups are warning oil companies warned about people falsely claiming to be inspectors with the Railroad Commission of Texas, the state agency that regulates the oil and natural gas industry. Source: FuelFix
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Oil falls after 3-day rebound as funds shun short-term crude
Oil fell after a three-day rebound as a number of funds shifted away from near-term contracts, fearing a repeat of the meltdown last month that saw prices plunge below zero. Source: FuelFix
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Enterprise, Enbrige still moving forward with offshore export terminal
Houston pipeline operator Enterprise Products Partners and Canadian pipeline operator Enbridge both told the Houston Chronicle that they still remain committed to developing a joint venture project known as the Sea Port Oil Terminal, or...
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Helmerich & Payne decomissions 37 drilling rigs, lays off 2,800 people
Tulsa drilling rig operator Helmerich & Payne decommissioned 37 rigs and laid off 2,800 people across the United States as a record oil bust caused by the coronavirus pandemic continues to take its toll on...
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