On January 1, 2020, the International Maritime Organization (IMO) beings their new regulations requiring ocean-going vessels to reduce their sulfur emissions to 0.5%.
Offshore Drilling is ready for its encore after years of sitting behind onshore shale's curtain.
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Topics: Oil and Gas Industry News, Products
If one were to completely rely on the history books to tell the future, they would assume that as the smaller independent oil companies were acquired by the major global hitters that the Permian Basin production, growth would start to slowdown.
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Topics: Insider, Oil and Gas Industry News
On Tuesday, January 8, 2019, BP came forth with major news. Using new and advanced seismic monitoring technology, they have discovered over 1 billion barrels of oil in the Gulf off the tip of Louisiana at Thunder Horse field. The news didn't stop there. BP claims they will also invest $1.3 billion dollars into the Atlantis offshore field just south of New Orleans.
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Topics: Oil and Gas Industry News, Technology
Well stimulation is generally accomplished through three primary methods: explosives, acid injection, and hydraulic fracturing. Hydraulic fracturing is currently the most popular as it has proven to be more effective, efficient, and safer than older methods. However, all three methods are often used.
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Topics: Oil and Gas Industry News, Technology
While Texas alone is on track to becoming one of the world’s three leading oil producers, records are being shattered in other sectors of U.S. oil production. The Gulf of Mexico is set to soar past a previous oil production record set in 2009. Energy consultancy Wood Mackenzie has made bold predictions for 2018 production totals if everything stays on course.
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Investors see fortunes to be made in the U.S.’s hottest oil field—by speculating in water, not crude.
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As long as there has been an oil industry, there have been corrosion and erosion. Upstream, midstream and downstream operators have constantly sought better ways to protect their assets and safeguard both health and safety and the bottom line.
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The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash.
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Topics: Oil and Gas Industry News
The Permian Basin, home to more than 40 percent of all active U.S. drilling rigs, continues to receive most of the credit for the rapid growth of U.S. oil production; meanwhile, the Marcellus Shale receives the lion’s share of credit for ongoing record-setting levels of domestic natural gas production. But a series of recent information releases demonstrate that the oil and gas boom is spreading into other plays across the nation.
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Topics: Oil and Gas Industry News