WASHINGTON – Another round of tariffs by the Chinese government Oilfield1 Shop Monday sparked fears from Wall Street to the Texas farmland that an escalating trade fight between the United States and China threatened to damage the global economy. Visit Oilfield1 Shop After President Donald Trump hiked tariffs […]
WASHINGTON – China announced Monday it will raise tariffs on U.S. LNG to 25 percent, part of a broad retaliation to President Donald Trump’s announcement last week he was raising tariffs on $200 billion in Chinese goods. Visit Oilfield1 Shop The escalating trade war between the world’s two […]
The oilfield services company Weatherford International has entered into an agreement with its top creditors that will allow the company to file for a “prepackaged” Chapter 11 bankruptcy — after more than four years without making a profit. Awesome Oilfield Caps 😎 Click Here The agreement allows the […]
Exxon Mobil will pour $2 billion into expanding its Baytown chemical complex, creating 2,000 construction jobs and further cementing the region’s role as a petrochemical hub. Awesome Oilfield Caps The Baytown expansion will allow Exxon to play off its rising oil and gas production in the Permian Basin […]
The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp. Visit Oilfield1 Shop U.S. District Judge Gregory Woods in Manhattan granted the freeze over […]
Houston liquefied natural gas company NextDecade has entered into an agreement to deepen nearly half of Brownsville Ship Channel. Checkout Oilfield1 Shop During a Wednesday morning event, NextDecade CEO Matt Schatzman signed an agreement to privately fund deepening the South Texas waterway from its entrance at the Gulf […]
Hays County, the city of Kyle and a coalition of Hill Country landowners have filed a lawsuit to fight the route of Kinder Morgan’s proposed Permian Highway Pipeline and challenge how the state agency that regulates the oil and gas industry allows companies to use eminent domain laws. […]
U.S. Oil prices hit nearly six month highs on Tuesday, continuing to rally after U.S. President Donald Trump surprised the market with strict new measures aimed at driving Iran’s crude exports to zero. Visit Oilfield1 Shop The Trump administration announced on Monday that it will not extend sanctions […]
The two construction workers who died in Tuesday’s 4/16/19 trench collapse in Windsor Colorado have been identified. Visit Oilfield1 Shop The Weld County coroner identified the deceased as Cristopher Lee Ramirez, 26, of Boulder, and Jorge Baez Valadez, 41, of Denver. The two were in a 15-foot deep […]
The Permian Basin is a gift that keeps on giving. Oil producers have pumped out an astounding 30 billion barrels from the region since its discovery in 1921. However, an estimated 46 billion barrels of recoverable oil remain on the Delaware Basin side alone. The region has decades […]
