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Gasoline prices hit highest point of 2016 as demand spikes
Despite the recent spike, gasoline costs are still much lower than recent averages, including 40 cents cheaper per gallon than this time a year ago and $1.35 lower than in 2014. Source: FuelFix
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Battered by crude rout, Norway now faces risk of oil strikes
The failure shows the width of the gap that will need to be bridged in state-backed mediation if Norway, western Europe’s biggest producer of oil and gas, is to avoid strikes that would deepen the...
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BP turns to technology while job cuts grow
With the argument that technology is more important than ever when times are tough, BP is relying more on automation and data analytics to produce oil and gas with fewer people on the payroll. As...
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Amidst crisis, Brazil presses oil reform
Off the Brazilian coast, in the depths of the Atlantic Ocean, are what are believed to be one of the world’s largest oil deposits – known as the Pre-Salt. Source: FuelFix
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At OTC, some equipment sellers relieved Halliburton-Baker deal fell through
HOUSTON – A day after Halliburton’s deal to buy Baker Hughes fell apart, engineers from both companies were at the Offshore Technology Conference on Monday showing off rival technologies to potential clients from around the...
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