News

Our Latest Blog Posts
28
Apr

Demand collapse puts 30,000 UK oil and gas jobs at risk

The UK’s oil and gas industry could lose as many as 30,000 jobs over the next 12–18 months and see drilling levels plunge by a third amid the corona virus-led drop-off in investment and slumping energy prices. “The outlook is bleak compared to the picture of steady growth seen only two months ago, before the grip of the pandemic became clear,” industry trade body Oil & Gas UK said in…

Read more →
20
Apr

U.S. Energy Exports Top Imports For The First Time Since 1952

Thanks to lower net imports of crude oil and higher net exports of natural gas, the gross U.S. energy exports hit a record-high in 2019, exceeding gross energy imports for the first time since 1952, the Energy Information Administration (EIA) said on Monday. Total gross energy exports from the United States hit an all-time high of 23.6 quadrillion British thermal units (quads) in 2019—a common unit of heat in which the EIA…

Read more →
12
Apr

Stress Engineering Services launches new digital flex joint angle monitoring system

Stress Engineering Services, Inc., a leader in consulting engineering services and solutions, has developed a digital flex joint angle measurement system for monitoring real-time drilling operations. The digital flex joint system uses the core technology of the award winning and patented real-time fatigue monitoring system (RFMS) and subsea vibration data logger (SVDL) system; the technology has been leveraged and improved to determine quasi-static and dynamic lower and upper flex joint…

Read more →
07
Apr

Halliburton Cuts Jobs, Executive Pay

Halliburton has laid off 350 workers in Oklahoma as the squeeze of oil prices on the industry forces companies to shrink their operations. The Houston Chronicle reported the layoffs citing a filing with the state employment watchdog, and Halliburton later confirmed it. "This was a difficult decision, but is a necessary action as we work to successfully adapt to challenging market conditions," Halliburton said in a statement. "As we make workforce reductions,…

Read more →
1 4 5 6