Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the Covid-19 pandemic and the ensuing oil market crash, Rystad Energy research shows.
Read MoreTag: COVID-19
Halliburton Addresses Market Conditions
Halliburton executives recently discussed market conditions, the COVID-19 pandemic and Russia/Ukraine conflict. They said oil and natural gas prices continue to be impacted by the efforts to contain COVID-19, the pace of economic recovery, and changes to OPEC+ production levels.
Read MoreVaccination Pilot Program Targets Miners in Kentucky, Arizona
The U.S. Department of Labor announced a new program designed to encourage and help America’s miners to get the COVID-19 protections that vaccinations offer. The department’s Mine Safety and Health Administration (MSHA) will pilot the Mine Vaccine Outreach Program to deliver free vaccinations in mining communities and provide educational outreach to mining communities in Kentucky and Arizona on the safety…
Read MoreOmicron Variant of COVID-19 Could Impact Global Oil Market
The new Omicron variant of COVID-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to 95.7 million bpd, if it triggers more lockdowns or restrictions, Rystad Energy projects.
Read MoreAggregates Gets a Pass for Covid Standard
June 11, 2021 – The U.S. Department of Labor released its long awaited Emergency Temporary Standard (ETS) which targets healthcare and does not cover other workplaces under the jurisdiction of OSHA or MSHA. “We appreciate the administration’s review and thorough decision making to exclude the aggregates industry from the COVID-19 ETS,” said National Stone, Sand & Gravel Association (NSSGA) Vice President of Government…
Read MoreMarijuana Consumption Skews Workforce Drug Test Positivity Rates
The COVID-19 pandemic did not dampen workforce drug testing positivity for marijuana, which continued to increase last year in the general U.S. workforce, according to a new Quest Diagnostics analysis. Based on seven million-plus urine drug tests collected between January and December 2020, the overall rate of 4.4% was down only slightly in 2020 versus 2019, whose 4.5% level marked…
Read MoreTRIP: Vehicle Travel Returns to Near Pre-Pandemic Levels
As the summer travel season begins and the United States continues to emerge from the COVID-19 pandemic, vehicle travel has returned to near pre-pandemic levels and has surpassed pre-COVID levels in 15 states, according to a new report by TRIP, a Washington, D.C.-based national transportation research nonprofit.
Read MoreCOVID-19 Vaccine Important For People And The Industry
by Tom Squeri A recent article in Construction Dive, an online newsletter, reported a disturbing fact: Only 53% of construction workers surveyed plan to take the COVID-19 vaccine.
Read MoreHere Come the Robots
Even when the COVID-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In a report that looked into the adoption of robotics across the petroleum industry, Rystad Energy found that existing solutions could replace hundreds of thousands of oil and gas jobs globally…
Read MoreMSHA COVID Guidance Seeks to Mitigate, Prevent Viral Spread
The U.S. Department of Labor issued stronger worker safety guidance to help mine operators and mine workers implement a coronavirus protection program and better identify risks that could lead to exposure.
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