Earlier this month the Nation Oceanic and Atmospheric Administration released their winter outlook for this upcoming season. According to Weather.com, “La Niña is the periodic cooling of the equatorial eastern and central Pacific ocean. When sea-surface temperatures are cooler than average by at least 0.9 degrees Fahrenheit (0.5 degrees Celsius), along with consistent atmospheric indications […]
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During the last quarter of 2020, everyone can agree that economically, we have seen better days. Especially in the energy industry, spending cuts, revised budgets, and slashed investments have played an impact. However, we are starting to see hope for offshore drilling stated by Rystad Energy, a global oil and gas analytics firm. Their analysts […]
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The Oil Conservation Division (OCD) and its parent agency, the Energy, Minerals and Natural Resources Department (EMNRD) began work on stricter regulations on gas emissions from extraction facilities last year as mandated by Gov. Michelle Lujan Grisham through an executive order. Grisham established the State’s Climate Change Task Force, made up of EMNRD and the […]
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Improving highway safety has been a priority for the trucking industry for the past decade, with changes to Hours of Service (HOS) and the switch to electronic logging devices (ELDs), and the Texas Department of Public Safety is adding to these safety measures by opening a new technologically advanced truck inspection facility in Seguin, TX. […]
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According to CNBC and Rueters, the dispute between the Lederne Drilling Union and the Norwegian Oil and Gas Association began when talks collapsed on Sept. 30, which prompting production outages from Oct. 5.
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Several storm systems have formed in the Atlantic, including Hurricane Teddy, Tropical Storm Beta and a new tropical system developing over South Florida.
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Volatility in investing in oil and gas is nothing new, but the COVID-19 pandemic-driven demand destruction is forcing oil and gas companies to reassess the value of their biggest assets, proven reserves. Oil and gas companies have historically held faith in their reserves even during energy downturns, but this time feels different, and oil executives […]
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United States unemployment numbers
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Hurricane season generally lasts from June 1st through November 30th. Typically, we will not start to see its impact until August which will usually peak into September. Why is this important to know and how does it pertain to the energy industry? In the past, hurricanes have caused billions of dollars’ worth of damage especially […]
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