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Oil Billionaire Takes Active Stake in Hard-hit ProPetro
Prominent shale investor Dan Wilks on Jan. 19 reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp. through an investment vehicle.
Chevron Invests in Carbon Capture Startup Blue Planet Systems
Chevron and San Jose-based Blue Planet also signed a letter of intent to collaborate on potential pilot projects and commercial development in some geographies.
US Oilfield Services Sector Lost Over 91,000 Jobs Due to Coronavirus
Oilfield sector employment rose 0.4% in November as companies sought to balance increasing oil and gas production with the uncertainty caused by a surge in COVID-19 cases.