(AP) — Democrat Joe Biden’s remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states. “I would transition away from the oil industry, yes,” Biden said in the presidential debate’s closing minutes …
Like a phoenix rising, a popular Hobbs eatery will be reopening soon. Furr’s Buffet closed in the spring when all eateries in Hobbs shuttered their doors in response to the ongoing novel coronavirus pandemic. When it didn’t reopen as other restaurants received permission from the state to do so, there was speculation it might not. But in stepped Loi Tran, …
The New Mexico Oil and Gas Association (NMOGA) released a new report last week showing that New Mexico’s oil and natural gas industry supported 134,000 in-state jobs while adding $16.6 billion to New Mexico’s economy in 2018. According to the analysis, the industry accounted for 12% of statewide employment and 16% of the state’s economy. The report was prepared by …
Oil and gas activity continued to drop last quarter, although at a slower rate, according to a survey of executives in the oil and gas industry. Dallas Federal Reserve analysts last week released the Dallas Fed Energy Survey for the third quarter of 2020 after receiving responses from 166 oil and gas industry executives, both in the production and exploration …
LONDON (AP) — Energy producer Royal Dutch Shell said Wednesday it’s planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in prices during the coronavirus pandemic. The company said around 1,500 employees have already agreed to take voluntary redundancy this year and that it’s …
JAL — A New Mexico first is coming to southern Lea County with construction of a new type of oilfield waste management facility 14 miles west of Jal. Milestone Environmental Services, with offices in Houston and Midland, announced the company has received permits from the New Mexico Oil Conservation Division (NMOCD) to establish an oilfield slurry injection and solid waste …
At least four major national and international retail stores are coming to Hobbs within a year according to a Pegasus Group broker. Construction activity in the area of the former K-Mart store near Grimes and Bender streets should start in about two weeks, said Steve Lyon, an Albuquerque-based Pegasus Group commercial real estate broker. Leasing the first four primary spaces …
In August 2019 Covenant Health announced plans to build a new hospital in Hobbs, with a groundbreaking in January 2021, but on Tuesday Covenant announced it will be in Lea County even sooner by purchasing Lea Regional Medical Center. Tuesday, Covenant signed a purchase agreement with Lea Regional and it corporate owner, Community Health Systems Inc., with an anticipated closing …
More than two-thirds of New Mexican voters recognize the value of the oil and gas industry, according to a new poll released by the American Petroleum Institute (API). The poll was reported in a news release from the New Mexico Oil and Gas Association (NMOGA) citing nearly two-thirds of the state’s voters would be more likely to vote for candidates …
(AP) — Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. The company will pay more than $1 billion in severance benefits. The job cuts announced Friday, about a quarter of its entire workforce, puts the number of people employed by the world’s largest oilfield services company close …
