Tuesday, February 11, 2025
Ida's fury hits U.S. oil production, gasoline supplies- oil and gas 360-

Ida’s fury hits U.S. oil production, gasoline supplies

Nasdaq HOUSTON – Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region’s offshore wells, nearly half its motor fuel production and closing energy-export ports.   The storm moved into Mississippi on Monday after leaving a trail of destruction in Louisiana and rampaging through U.S. offshore oil and gas fields. Hundreds of oil production platforms were

Basic Energy Services to cut nearly 500 Texas jobs following bankruptcy- oil and gas 360

Basic Energy Services to cut nearly 500 Texas jobs following bankruptcy

Reuters Oilfield services provider Basic Energy Services will cut about 500 jobs in Texas, according to a filing with the state’s workforce commission, as the company works through Chapter 11 restructuring that includes asset sales. The job cuts are focused throughout Texas, with 135 positions eliminated in Howard county in west Texas and 120 in Tarrant County, where its headquarters