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US rig count down 13 this week to 637

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 13 this week to 637. The Houston firm said Friday 510 rigs sought oil and 127 explored for natural gas amid depressed energy prices. A year ago, 1,633 rigs were active. Among major oil- and gas-producing ...

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5 oilfield jobs still in demand in 2016

Extended periods of plummeting oil prices have had a noticeable effect on the oil industry, with many oil companies decommissioning multiple rigs during 2015. While the oil industry is no longer being referred to as “booming” by most media outlets, it is not going away completely, and many oilfield jobs are still in demand. As current workers retire and leave ...

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Natural gas prices expected to rise

natural gas flame

Natural gas prices are expected to rise in the coming months as a national supply glut is drawn down, according to the US Energy Information Administration. Although prices have been low during the first few months of this year’s winter, lower production volumes and cooler weather are anticipated to bring them up slightly in 2016. Record Production As of January ...

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Stocks rise a day after plunge, oil prices slide

US stocks rise a day after sharp plunge, lifted by job gains

NEW YORK — Stocks are inching upward Friday morning as investors were encouraged by continuing job growth in the U.S. The market is coming off its worst day in more than three months. KEEPING SCORE: The Dow Jones industrial average gained 38 points, or 0.2 percent, to 16,551 as of 10:15 a.m. Eastern time. The Dow lost 392 points the ...

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Low oil prices prompt Alaska hiring restrictions

Low oil prices prompt Alaska hiring restrictions

JUNEAU, Alaska — Gov. Bill Walker announced hiring and travel restrictions Tuesday, the same day an agency lowered Alaska’s credit rating because of continued low oil prices. The hiring and travel restrictions for executive branch departments come two weeks before the start of the legislative session, when lawmakers are expected to consider ways to address the estimated $3.5 billion deficit. ...

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US rig count down 2 this week to 698

HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 698. The Houston firm said Thursday 536 rigs sought oil and 162 explored for natural gas amid depressed energy prices. A year ago, 1,811 rigs were active. Among major oil- and gas-producing states, ...

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