TIME 47m ago energy The depletion of old oil wells is expected to surpass new sources of supply in 2016, as the ongoing oil price slump puts a long list of oil projects on the shelf. Bloomberg flagged new data…
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Why We Could See an Oil Price Shock in 2016
Tagged with: bloomberg, business, cost per barrel of oil, matt rayman, money, new oil fields, oil prices, oil prices in 2016, oil prices struggle to move beyond $40, oil production, oilprice.com, OPEC, pittsburgh, prinzo and associates, russia oil, rystad energy, us natural gas, why we could see and oil price shock in 2016, will gas prices go up in 2016, will oil prices go up in 2016
Posted in business, drilling, economy, finance, fracking, oil, pittsburgh, Uncategorized
Posted in business, drilling, economy, finance, fracking, oil, pittsburgh, Uncategorized
‘Historic’ spending cuts putting future oil supply at risk, threatening future spike in prices
Financial Post – Top Stories 34m ago oil-prices An oil shock may be lurking around the corner as the price bust has hammered investment in future supply, according to the International Energy Agency. “Historic” investment cuts taking place now increase the…
Tagged with: bloomberg news, BP, chevron, conocophillips, cost per barrel of oil, future of drilling, future of energy in america, future of oil, global demand, global energy supply, global supply, gulf state oil production, historic spending cuts, IEA, IES, investments, job cuts, matt rayman, new york mercantile exchange, oil, oil market, oil prices, oil production, OPEC, pittsburgh, prinzo and associates, US Crude Stockpiles, west texas intermediate
Posted in business, drilling, economy, finance, fracking, job cuts, jobs, money, pittsburgh, technology, Uncategorized
Posted in business, drilling, economy, finance, fracking, job cuts, jobs, money, pittsburgh, technology, Uncategorized
Calfrac Well Services Ltd cuts another 500 jobs from North American workforce
Financial Post – Top Stories 8m ago layoffs-and-downsizing CALGARY — Calfrac Well Services Ltd. has cut another 500 jobs as gloom continues to linger over the oil and gas sector. The Calgary-based oilfield services firm says it now has 2,300…
Tagged with: 500 jobs, barrels of oil, calfrac, canada, crude oil, frackers, fracking, job cuts, jobs, matt rayman, north america, oil, oil prices, oil production, oilwell, pittsburgh, prinzo and associates, united states
Posted in drilling, entreprenuer, finance, fracking, job cuts, management, mananging, money, Uncategorized
Posted in drilling, entreprenuer, finance, fracking, job cuts, management, mananging, money, Uncategorized
For Oil Companies, It’s a Year of Slashing Costs and Jobs
Fortune 9m ago oil-prices Over the past several weeks, the world’s biggest oil companies have posted earnings that show just how brutal it is these days to be an oil major. The industry is going through the biggest downturn since…
Tagged with: bloomberg, BP, business, chevron, exxon, gas prices, job cuts, job losses, local news, matt rayman, money, oil, oil companies, oil prices, oil production, pittsburgh, prinzo and associates, royal dutch shell, shell, standard and poors, world news
Posted in advice, business, finance, management, mananging, money, pittsburgh, Uncategorized
Posted in advice, business, finance, management, mananging, money, pittsburgh, Uncategorized
