World Oil (Bloomberg) – Closely held operators, once the engine to the Permian’s shale growth coming out of the pandemic, are now expected to lead U.S. oil drillers into spending contraction next year. Private oil and natural gas operators are projected to cut their budgets by 4% to an average of $34.4 billion in 2024, according to the 39th annual global
Oil Price Trade and supply chain barriers continue to slow progress in U.S. solar power expansion, despite the Inflation Reduction Act (IRA) which was designed to boost clean energy capacity rollouts, a quarterly report by the Solar Energy Industries Association (SEIA) and Wood Mackenzie showed on Tuesday. The United States added 4.6 gigawatts (GW) of new solar capacity in the third
Reuters When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas. But his next jobs brought one mishap after another. He was hospitalized for almost a week following a shift at a chemical manufacturing facility; another company he worked for never
From Reuters In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow. School officials had expected enrollment to fall after the last oil price crash, starting in 2014, but it kept rising – one sign of
Where Concorde left off, Boom takes up the mantle You might have missed flying across the Atlantic on the Concorde a couple of decades back. That was the sleek British Airways supersonic jet that could take 100 passengers from London to New York City in luxury by streaking through the ultra-smooth air like a whisper at 60,000 feet above sea level–at double the speed
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