OILMAN Magazine Featured Articles

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    The OPEC Situation: Understanding OPEC’s Relevance in the Global Oil Market

    By Jennifer Delony With the member countries of the Organization of the Petroleum Exporting Countries (OPEC) controlling around 40 percent of the world’s crude oil production and exporting about 60 percent of the petroleum traded internationally, the activities of OPEC have been an important factor affecting not just oil prices […]

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    Experiencing Déjà Vu from the Current Oil Crisis

    By Tim McNally The recent price drop of oil beginning in 2015 gives some individuals a flashback to the 1986 oil supply glut. Indeed, there are many factors that mark the past crisis as being similar to the current: OPEC decided to gain market share by getting rid of smaller […]

  • Oil Patch Bankruptcies
  • Oilman is Partnering  With The Following Events

    Oilman is Partnering With The Following Events

    South Texas Oil and Gas Convention American Bank Center 1901 N Shoreline Blvd Corpus Christi, TX July 20-21 http://roselandoilandgas.com Summer NAPE Expo George R. Brown Convention Center 1001 Avenida De Las Americas Houston, TX August 10-11 http://napeexpo.com Turbomachinery and Pump Symposia George R. Brown Convention Center 1001 Avenida De Las […]

  • How a 10-Minute A&D Evaluation Can Maximize Your Efficiency

    How a 10-Minute A&D Evaluation Can Maximize Your Efficiency

    By Ryan Mohrman The recent downturn in the oil and gas industry has resulted in a lot of investment capital sitting on the sidelines, waiting for signs of a price rebound. Recent gains in the futures market for oil suggest we may start to see increased acquisition and divestiture activity […]

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Chesapeake Energy on the Rise Once Again

August 19, 2016 at Oilman Headquarters

By Tim McNally Oklahoma City-based Chesapeake Energy on Aug. 17 announced that it secured a $1 billion loan for buying back a portion of the company’s outstanding debt. The move is part of Chesapeakes continuing transformation to improve its financial standing as it attempts to streamline operations and eliminate unnecessary […]

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Industry Representatives Respond to Favorable Jefferson Parish Lawsuit

August 12, 2016 at Oilman Headquarters

By Tim McNally The continuing battle between energy companies and political forces in Louisiana has been fought in multiple regional courts. However, a ruling on Aug. 1 has dictated that litigation against oil companies is “premature.” Government leaders in Louisiana, whom had previously supported big oil’s economic support to the […]

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Oklahoma Regulators Expand Area of Interest on Seismic Activity, Again

Oklahoma Regulators Expand Area of Interest on Seismic Activity, Again

August 5, 2016 at Oilman Headquarters

By Tim McNally The increasing frequency and intensity of earthquakes in Oklahoma have caused some to look to the oil and gas industry to blame. The Oklahoma Corporation Commission (OCC) has been looking into this issue for a number of years and has come to find that certain oil drilling […]

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Decommissioning Joint Industry Project Overview

Decommissioning Joint Industry Project Overview

August 2, 2016 at Oilman Headquarters

Endeavor Management recently released an overview of its decommissioning JIP results which was supported by 12 companies including operating majors Shell and ExxonMobil. I thought you might find this information relevant as it covers key P&A and intervention initiatives including: A cost-benefit analysis of vessel options for intervention including LWI […]

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Companies May Incur Shortage of Skilled Workers

July 29, 2016 at Oilman Headquarters

By Tim McNally Around 350,000 workers within the worldwide oil and gas industry have been let go in the two years since the oil price has collapsed. The drop has severely affected the entire world economy, and it has caused many companies to declare bankruptcy. In the U.S., no state […]

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Suppliers Must Adapt to Maintain Innovation

July 22, 2016 at Oilman Headquarters

By Tim McNally In order to avoid losing innovative progress without going insolvent, companies are finding it prudent to partner up to foster a creative yet affordable environment. National Oilwell Varco (NAV) and GE Oil and Gas announced an agreement earlier this month that focuses on developing solutions for Floating […]

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Is Oil Market Poised for a Continued Rebound or Another Downfall?

July 15, 2016 at Oilman Headquarters

By Tim McNally The current conditions in the oil market lead many analysts to believe that the price of oil can rise into the $70’s just next year. However, others are not so optimistic regarding a smooth and swift recovery. Due to increased oil stockpiles and heightened production levels, there […]

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Board Members Leave Williams after Vote to Keep CEO

July 8, 2016 at Oilman Headquarters

By Tim McNally The lack of approval for a merger between Williams and Energy Transfer Equity (ETE) has caused a string of problems for Williams after the announced failure. The merger failed because ETE pulled out of the plans, and now there is an apparent division on the Williams board, […]

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