Wyoming to Help Petroleum Industry with Coronavirus Funding

Corona Virus | Submar

Wyoming to Help Petroleum Industry with Coronavirus Funding

Wyoming will use federal coronavirus relief funding to help petroleum companies move ahead with oil and gas drilling projects stalled by the pandemic and plug idle wells. North Dakota already is using Coronavirus Aid, Relief, and Economic Security (CARES) Act funding for well plugging and cleanup. Together, the two major oil-producing states will spend as

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Chesapeake Energy Files for Bankruptcy

Chesapeake Energy Corporation has become the largest oil and gas company to file for bankruptcy protection during the coronavirus pandemic. Chesapeake was once the nation’s No. 2 natural gas producer, thanks to early bets on fracking. Aubrey McClendon, Chesapeake’s late founder and CEO, was considered one of the leaders of the shale boom that transformed

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Pipeline Industry Preparing for Seasonal Emergencies

The highest priority for every energy pipeline company is protecting the public, the environment, and its employees from harm. Throughout the global pandemic, pipelines deliver gas, oil, and other fuels people need. These companies follow all the safety advice from health care authorities and government officials, and they have taken extra steps to keep their

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Keeping COVID-19 Away from Pipeline Construction Sites

Pipeline crews work in close quarters. Crews travel together to the work sites by bus or company vehicles. During work shifts, they take breaks and eat meals together on the buses. While convenient, these practices can pose a risk for virus transmission. During the current pandemic, physical distancing is a critical priority that pipeline construction

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Pipeline Companies are Keeping Essential Pipeline Operators Safe

What are pipeline control rooms? Busy, highly focused, and fast-paced professional environments, these are sophisticated facilities where operators monitor pipelines 24/7. They use state-of-the-art computer systems (similar to air traffic control systems) to recognize and respond quickly to any unexplained changes to the flow or pressure in a pipeline. Within the control rooms, walls of

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Oil and Gas Companies Set to Lose $1 Trillion

The E&P industry, which includes oil majors, made $2.47 trillion in revenues globally last year, according to Rystad Energy. This year, it’s projected to bring in $1.47 trillion, reflecting a 40% decline year-on-year. It comes as the coronavirus pandemic and ensuing lockdowns cripple demand and force companies to slash spending and cancel projects. The energy

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