Tag Archives: Declines

U.S. Gulf of Mexico share of global active offshore rigs declines since 2000

September 22, 2015 Source: U.S. Energy Information Administration, based on Baker Hughes Inc.Note: GOM is Gulf of Mexico. In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%—304 offshore rigs were operating in August 2015, down from 377 in August 2014. […]

Oil and natural gas production job declines tend to lag oil price declines

June 23, 2015 Source: U.S. Energy Information Administration, based on U.S. Bureau of Labor Statistics, Employment in oil and natural gas extraction and support activities in the United States reached nearly 538,000 in October 2014, but then it declined by about 35,000 jobs, or 6.5%, over the following six months, through April 2015, according to […]

Rise in salt cavern storage capacity for natural gas offsets declines in other capacities

February 26, 2015 Source: U.S. Energy Information Administration, With natural gas storage at national total capacity. EIA measures natural gas storage capacity in , which is typically when storage withdrawals begin to exceed storage injections. From November 2013 to November 2014, EIA found that each of EIA’s two measures of storage capacity within the Lower […]

Energy had larger price declines than most nonenergy commodities in 2014

January 5, 2015 Source: U.S. Energy Information Administration, based on BloombergNote: These commodities are included in the S&P GSCI Energy, Grains, Industrial Metals, and Precious Metals indices. All price changes reflect changes in front month futures contract price for each commodity. WTI is West Texas Intermediate, RBOB is reformulated gasoline blendstock for oxygenate blending. The […]

Power sector employment declines, except for renewable electricity generators

December 19, 2014 Source: Bureau of Labor Statistics (BLS) Note: 2014 data are preliminary. The electric power generation sector lost more than 5,800 jobs from January 2011 through June 2014 despite a gain of nearly 1,800 non-hydro renewable electricity generation jobs, according to the latest data available from the Bureau of Labor Statistics (BLS). BLS […]

Nigeria: U.S. Crude Oil Import From Nigeria Declines By 93 Percent

By Roseline Okere and Sulaimon Salau THE United States’ import of crude oil from Nigeria and Algeria have declined by 93 per cent since 2010, the U.S Energy Information Administration (IEA), has said. Meanwhile, Nigeria’s oil production may have recorded a major setback, as the Shell Petroleum Development Company (SPDC) shut its Trans-Niger Pipeline (TNP), […]

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