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TC Energy Seeks $15B in Damages from US for Canceled Keystone XL Pipeline

  • 3 weeks ago
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In a news release posted to their website on Jul 2nd,TC Energy filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit. The company officially scrapped the project last month after President Joe Biden revoked a key permit on his first day in the White House. The permit to build a 1,200-mile pipeline in...

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New Gulf Coast Chevron Phillips Project to Support Up to 600 Jobs

  • 1 month ago
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Ealier this week S&B Engineers and Constructors (S&B) was awarded an engineering and construction contract with Chevron Phillips Chemical to engineer and build the company’s second U.S. world-scale unit to produce on-purpose 1-hexene. According to the release, The asset’s location will be in Old Ocean, Texas, near Chevron Phillips Chemical’s Sweeny facility. Job Creation & Economic Impact S&B anticipates 600 construction and engineering jobs will be created for the project at its peak. Constr...

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What it's like in the ‘Man Camps’ of West Texas

  • 1 month ago
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Thousands of oil workers are living in dormitory-like compounds in the Permian Basin, which is drawing fresh investment as oil prices have climbed higher. The Permian Basin, one of the world’s biggest oil plays, is drawing billions of dollars in new investment. Companies are scrambling to find people to do everything from operating drilling rigs to driving trucks. Wages have reached such lofty levels that even unskilled laborers can earn $100,000 a year. Many of the jobs are in remote areas wi...

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20-Year-Olds Are Making Six Figures In West Texas & There Still Aren’t Enough Workers

  • 1 month ago
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In 2018, the Permian Basin just may be be the most active oilfield in the world. While it may be 100 years old, it's output has overtaken Iran's. It's helped push the US to record production levels. Accordingly, The Permian attracts thousands of workers from every part of the country where entry level jobs regularity pay over $100,000/yr. They all want a piece of what people in Midland TX refer to as a "modern-day gold rush". "All the major oil companies and exploration companies are moving o...

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Here Comes $100 Oil Prices

  • 1 month ago
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As reported by Yahoo Finance, Bank of America commodities strategist Francisco Blanch said in a research note on Monday he sees a case for $100 a barrel oil next year. Oil has not traded at $100 per barrel since 2014, when booming U.S. shale production helped global output swamp demand, and prompting major hiring and 6 figure jobs for non experienced workers in areas such as the Permian Basin. The note suggests that Global oil consumption will continue to outstrip supply through 2022 as the ec...

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