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Commodities
World Oil

OTC 2021 announces Spotlight on New Technology® Award recipients

5/7/2021 HOUSTON — The Offshore Technology Conference (OTC) has announced the 2021 recipients of the Spotlight on New Technology® Award, which recognizes new, innovative technologies that are advancing and revolutionizing the future of offshore energy. This year, 14 technologies from 13 companies around the world were

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Commodities
Kitco News

The fuse has been lit

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Last week I described gold as a horse that wouldn’t

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Commodities
Elisabeth Buchwald

: Some states are cutting federal unemployment benefits to jolt people back to work — but are extra benefits really keeping Americans out of the labor force?

Given Friday’s disappointing jobs report, which found that 266,000 jobs were added last month compared to most economists’ forecast of 1 million jobs, many lawmakers are pushing to discontinue federal unemployment benefits, which they claim would eliminate a growing labor shortage.  President Joe Biden acknowledged

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Commodities
S&P Global

Crude climbs as US dollar retreats following weak US jobs report

Highlights EOG has several new plays in various test stages One prospect is Beehive offshore Australia Shallow-water prospects hold industry potential EOG Resources sees exploration drilling as a means to push per-well returns even higher than its current 60% threshold, its top executives said May

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Commodities
World Oil

Texas April drilling permits up 60% over last year

By Railroad Commission of Texas on 5/6/2021 AUSTIN – The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020. The April 2021 total includes 629 permits to drill new oil or gas wells,

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