Bloodbath in the Energy Markets!


Due to crashing oil prices, thousands of folks are losing their jobs.  Today a colleague of mine got laid off from an energy firm.  This energy engineer told me that the day before he got his pink slip his boss told him that he'd done an "outstanding" job during his tenure with the firm.  I thought, hmm..., is this a new HR strategy? Prop the employee up before the big letdown!  So, to try to cheer the poor guy up, I emailed him the song "Outstanding" by The Gap Band!

50,000+ Energy Job Losses in Past 3 Months


oil crash

A prolonged period of weak oil prices is expected to result in additional energy sector job losses, as the industry fails to overcome profitability concerns due to oversupply.

That’s the takeaway from a Wall Street Journal story that points to nearly 50,000 energy job losses in the past three months, according to Graves & Co., a Houston energy consultancy. 

Please read more here.

Beheading, Explosion at U.S.-owned Gas Plant in France

More madness - this time at Air Products gas and chemical plant.  Please read more here.

BP Report: Map tracking oil trade flows around the world


In its new Statistical Review of World Energy 2015 report, BP included a map tracking oil trade flows around the world.

Please read more here.   

Here’s Where You’ll Find All Of America’s Oil And Gas Jobs


Please see more here.

Energy: Oldest Working Nurse in U.S. Turns 90 & Still Going Strong!


UK Oil & Gas Investments: 100 Billion Barrels of Oil Discovered


An oil field found near Gatwick Airport is believed to be much bigger than previously thought.

An independent body has said that there may be 100 billion barrels of onshore oil in the area. In the last 40 years, North Sea extraction has produced around 45 billion.

Stephen Sanderson, UK Oil and Gas Investments, told the BBC: ‘We think we’ve found a very significant discovery here, probably the largest in the last 30 years, and we think it has national significance.’

But there’s a problem.

The terrain isn’t very forgiving and has been compared to places with similar geology in the U.S. and west Siberia. They estimate that only between three per cent to 15 per cent could actually be extracted.

Please read more here and here.

Forbes Itemizes the Oil Bust: ~75,000 Layoffs and Counting

Please see more here and here.

Sandia National Labs: "Sun-Gas"

Sandia’s Sunshine to Petrol (S2P) team seeks to address the critical national and global issues of growing energy consumption amid increased vulnerability and price volatility of petroleum supplies and climate change risks.

Sandia’s interdisciplinary S2P research team leverages the lab’s extensive experience in concentrating solar power, reactors and reactive structures, systems, materials, and thermodynamics and in several universities.  The team is guided by a diverse and experienced external advisory board that provides feedback on research directions in periodic reviews that ensure progress.

Please learn more about "sun-gas" here and here.

Oil Company Death List: These 19 Oil & Gas Stocks Will Die Soon?


Energy and Infrastructure Strategist Dave Fessler compiled this report entitled “Oil Company Death List: These 19 Oil & Gas Stocks Will Die Soon!”

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