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Tuesday, September 17, 2024

November 4, 2022

Shale patch unemployment plummets as US explorers vie for crews- oil and gas 360

Shale patch unemployment plummets as US explorers vie for crews

November 4, 2022

World Oil (Bloomberg) – Unemployment in the US oil industry plummeted to one of the lowest levels on record as shale explorers scramble for workers to keep production flowing.   The jobless rate fell to 0.8% in October from 2.5% in the prior month on an unadjusted basis, government figures released Friday show. That compares with an unemployment rate of

SM Energy reports third quarter 2022 results; return of capital programs is initiated-oil and gas 360

SM Energy reports third quarter 2022 results; return of capital programs is initiated

November 4, 2022

Oil and Gas 360 DENVER, Nov. 3, 2022 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced operating and financial results for the third quarter 2022 and provided certain fourth quarter and full year 2022 guidance. Highlights include:     Driving profitability. Net income in the third quarter and for the first nine months of 2022 was $481.2 million, or $3.87

Guyana to launch first oil tender under new rules- oil and gas 360

Guyana to launch first oil tender under new rules

November 4, 2022

Oil Price Guyana’s next oil tender will be conducted under new rules that significantly increase the country’s share of the oil revenue.   This is according to Guyana’s vice president, who said this week that the government will offer 14 offshore blocks in its next auction, of them three deepwater and 11 shallow ones. “We decided that to get the

U.S. oil refiners to keep running at breakneck speeds in fourth quarter- oil and gas 360

U.S. oil refiners to keep running at breakneck speeds in fourth quarter

November 4, 2022

Nasdaq HOUSTON – U.S. oil refiners this quarter will run their plants at breakneck rates, near or above 90% of capacity, as tight fuel supplies spur high profits and operating rates, according to company forecasts and analysts surveyed by Reuters. The refining industry has minted huge profits this year on buoyant demand for gasoline, diesel and jet fuel. Fourth-quarter outlooks should keep

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