oilfield

Shell Exits Russia and Writes Off Up to $5 Billion in Assets

  • 1 month ago
  • Article

Oil and gas industry giant Shell has announced that the company will write off $4-$5 billion in assets following its exit from Russia in the wake of the Ukraine invasion. Shell also warns investors that the volatility of energy prices during the first quarter of 2022 could negatively impact cash flow.  This means that the recent invasion has left companies scrambling to adjust to the major shifts in the energy markets despite the surge in oil and gas prices. This announcement offers an early...

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Plenty Of Oil But Not Enough Workers in Alberta: How Labor Shortages Are Affecting the Gas and Oil Industry’s Growth

  • 1 month ago
  • Article

Oil and gas companies in Alberta are struggling to hire enough labor to meet demand and this can negatively impact the energy sector’s growth. Although the oil and gas industry in Alberta is on a rebound, the province is facing a new problem: there are not enough workers. With the price of oil climbing over the past several months, it is assumed that this would boost energy production in Alberta. However, the industry is facing a serious shortage of workers. In 2014, the recession tanked the...

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The Best Paying Oilfield Equipment Operator Jobs

  • 1 year ago
  • Article
  • Last Updated: 3 months ago

In the oil and gas industry, a heavy equipment operator drives or controls large pieces of equipment to assist in construction projects such as building gas and oil pipelines. The type of equipment involved includes bulldozers, backhoes, cranes and front-end loaders. Without heavy equipment operators, most pipelines would not exist, making this job extremely relevant. Plus, with older operators retiring, there’s a shortage of these skilled workers. Thinking about a career as an oilfield equip...

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