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May Oil & Gas News Roundup

In May, EnerCom is hosting its annual conference, the Baker Hughes Foundation makes a generous donation, oil prices are rising and so are the COVID cases in India, and NOAA predicts a busy hurricane season. Continue reading our oil and gas news round up to learn more about what’s happening in the industry this month.

Registration for The Oil & Gas Conference is Open!

Online Registration is Open for EnerCom’s 26TH Annual The Oil & Gas Conference. This conference brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021. Investors and oil and gas company professionals may register for the event through the conference website registration page here.

For more information about the event check out this article by oilandgas360.com.

Baker Hughes donates $150K to Global Food Security

The Baker Hughes Foundation (BHF) has announced a $150,000 grant to five organizations that promote food security in local communities. BHF said the funds will help the organizations provide food and basic services to meet increased demand prompted by the Covid-19 pandemic.

To learn more about the organizations being funded check out the article here.

Oil Prices Jump while COVID-19 Cases in India Grow

Oil prices are on the rise, reversing some of the sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Prices have come under pressure due to surging coronavirus cases in India as well as worries that the highly transmissible variant first detected there is spreading to other countries.

Read more on this topic by clicking here.

NOAA Predicts a Busy Hurricane Season

An overactive hurricane season could be in store for the Atlantic this year, with forecasters predicting as many as 20 named storms. In all, six to ten hurricanes could form in the six-month season that starts June 1, with three to five becoming major systems.

For more information on the forecast check out this article on rigzone.com.

Reach Out to Tiger General

We hope you found our May oil and gas news roundup interesting. If you need a new piece of equipment, fill out the Tiger General Truck Inquiry Form today!