Since the start of the year, almost half of the privately held oilfield service company owners in the United States have seen their work volumes slump by more than 25%, and nearly 60% are bracing for more reductions, according Citadel Advisory Group.
Articles from Survey
The energy industry is more convinced that U.S. natural gas prices will be lower over the coming year, while expectations are higher for oil prices to strengthen, a new survey by Bernstein Energy has found.
July natural gas is expected to open 4 cents lower Thursday morning at $2.81 as traders digest healthy estimates of government storage data but note greater risk to the forecast than normal. Overnight oil markets were mixed.
Three out of four U.S. Millennials, young adults who are between 18 and 29 years old, oppose the use of hydraulic fracturing (fracking), according to a new poll by Harvard University’s Institute of Politics (IOP).
Producers interested in developing oil and natural gas resources offshore the South Atlantic and Mid-Atlantic coast received promising news from the Bureau of Ocean Energy Management (BOEM), which Thursday issued a final review of mitigation measures to protect marine life before seismic and other types of surveys are performed in the region.
The U.S. energy industry is experiencing a rebound in confidence and financial stability as the unconventional oil and natural gas boom continues, according to a survey of 100 oil and gas chief financial officers.
Texas ranks No. 1 globally as the best jurisdiction for oil and natural gas investment, followed by Qatar and Alberta, according to the Fraser Institute’s annual Global Petroleum Survey.
More than one-third of 169 senior oil and natural gas executives worldwide expect to go after acquisitions in the next year, according to EY’s ninth biannual Oil and Gas Capital confidence barometer.
A report by the United Kingdom’s University of Nottingham indicates that public opinion in the country is beginning to shift in favor of unconventional natural gas development, which uses hydraulic fracturing (fracking).
Officials in two Pennsylvania counties with significant oil and gas drilling that targets the Marcellus Shale say they support plans by the U.S. Geological Survey (USGS) to conduct baseline testing at private water wells in their counties next year.