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Tag Archives: oil and gas

US rig count plunges 98 to 1,358

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 98 this week to 1,358 amid depressed oil prices. The Houston firm said Friday in its weekly report that 1,056 rigs were exploring for oil and 300 for gas. Two were listed as miscellaneous. A year ...

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US oilfield jobs cull gains pace, more pain ahead

Feb 13 – When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long. “I knew it was coming,” he said. “I wasn’t the first to be let go.” The 27-year-old Houston native is among thousands of workers caught in an accelerating cull of oil ...

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BLM: No Casper O&G leases until 2016

After a kerfuffle with Converse County residents last year, The U.S. Bureau of Land Management (BLM) will shelve plans for 22,000 acres of oil and gas leases until 2016. According to a Casper Star Tribune article, The dispute arose when the BLM leased 240 acres of land near the Rolling Hills community. By deferring leases for the area, which includes ...

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Alachua County supports Florida fracking ban

GAINESVILLE, Fla. — Local officials in north Florida have passed a resolution supporting a statewide ban on fracking in the state. Alachua County commissioners voted unanimously Tuesday to support two bills in the state Legislature that would ban the practice in Florida. Fracking is a process where water, sand and chemicals are shot at high pressure into underground rock formations ...

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Hearing Wednesday seeks Va. say on offshore drilling

NORFOLK, Va. — The federal Bureau of Ocean Energy Management is seeking the public’s say on the prospect of oil and gas drilling off Virginia’s coast. The agency has scheduled a public meeting Wednesday in Norfolk to collect comments on the Obama administration’s plan to open Atlantic waters to drilling. Waters off Virginia are included. BOEM’s visit to Virginia is ...

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Firm launches Mideast operations from Bahrain

MANAMA — Canadian oil and gas industry solution provider Katch Kan has launched its Middle East headquarters in Bahrain. Its top official said the company would have a 100-strong team to address ‘one of the wealthiest parts of the world with energy-related natural resources’. The company’s founder, president and chief executive Quinn Holtby told the GDN that Katch Kan’s range ...

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HR expert to oil companies: use care with job cuts

job cuts

With forecasts for U.S. oil prices to reach abysmal depths of $20 per barrel, oil and gas companies have scrambled to cut spending. The main belt-tightening method companies have utilized has been job cuts, resulting in waves of mass layoffs. But according to a Denver Business Journal article, laying off employees may not be the best resolution to a diminishing ...

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