Archives for 2020
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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Frac sand industry sheds more than 500 jobs in three weeks
The frac sand industry is feeling the brunt of a historic oil bust caused by the coronavirus pandemic. Source: FuelFix
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Tellurian uses stock as a tool to pay down debt
Houston liquefied natural gas company Tellurian has signed a pair of deals to trade debt for stock — buying the firm more time to land contracts to support the development of its proposed Driftwood LNG...
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BP bolsters reserves as profits plunge
While earnings were hit hard in the first three months of the year, the worst of the virus-driven crisis is yet to come. Source: FuelFix
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Oil slides back below $15 on glut while producers start cuts
Oil dropped back below $15 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Source: FuelFix
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