U.S. oil and natural gas projects are forecast to face higher costs going forward as wages rise along with supply chain inflation. The engineering, procurement, construction and installation (EPCI) segment may be the “first to record a double-digit percentage hike in costs,” according to a new analysis by Rystad Energy. Domestic EPCI costs, driven by…
Articles from Wages
As onshore oil and natural gas development grew, so did several U.S. metropolitan areas, with the Permian Basin and Bakken Shale reaping the biggest benefits for wage earners from 2000 to 2015, a Pew Research Center analysis has found.
The country is in the midst of an “unconventional revolution in oil and gas” whose implications reach well beyond the energy industry, IHS Vice Chairman Daniel Yergin, tells the U.S. House Subcommittee on Energy and Power in pre-filed testimony to be given Tuesday.
Natural gas and oil drilling in Ohio could create 65,000 jobs and add nearly $5 billion to state coffers by 2014, according to an academic study.
Wages are up and confidence in future hiring is surging despite lingering concern for the global economy, an annual survey of employees in the oil and natural gas industry has found.
County Executive Andrew Spano of Westchester County, NY, vowed Thursday to use every “administrative, political and legal weapon” at his disposal to block construction of the embattled Millennium Pipeline project through the city of Mount Vernon.