Monday, December 23, 2024
Trump - oil and gas 360

Trump calls for cash injection for ailing U.S. drilling industry

Reuters WASHINGTON – U.S. President Donald Trump said on Tuesday he has asked his government to come up with a way to inject cash into the ailing U.S. drilling industry to help it survive a historic collapse in global crude oil prices. The comment comes as oil and gas companies from Texas to Wyoming struggle to stave off bankruptcy amid

What plunging crude prices mean for the market’s largest oil ETF-oil and gas 360

What plunging crude prices mean for the market’s largest oil ETF

CNBC It’s been a wild week for the oil market. Oil prices began an unprecedented drop on Monday that saw the West Texas Intermediate May futures contract, which expires on Tuesday, slide into negative territory for the first time ever. The May and June contracts remained under serious pressure Tuesday as the more actively traded June contract fell nearly 25%. In the days leading

A hunt for any storage space turns urgent as oil glut grows- oil and gas 360

A hunt for any storage space turns urgent as oil glut grows

Reuters NEW YORK/HOUSTON – The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been left idle when shale producers stopped drilling – they want to use the tanks to store some of an oil glut that has overwhelmed the market and flipped U.S. crude prices

Quorum Software -oilandgas360

Quorum Software Focuses on Speed and Support in its Commitment to Customer Centricity

Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, today announced its expansion of Rapid Deployments, along with a new customer support model to support the adoption of faster, cloud-based software deployments by enterprise oil and gas companies. After completing 115 enterprise projects in 2019 across upstream, midstream, and transportation market segments, Quorum is focused on speed