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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#OilmanNEWS

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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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FMC and Technip Expect Smooth Merger

FMC and Technip Expect Smooth Merger

July 1, 2016 at Oilman Headquarters

By Tim McNally Another two companies within the oil and gas sphere have revealed their plans to merge. FMC Technologies Inc. and Technip SA, based in Houston and Paris, respectively, officially announced their intentions to merge on May 19. In the hopes of reducing costs and increasing profitability, the companies […]

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Judge Rules Fracking Cannot Be Regulated by Federal Government without Approval

July 1, 2016 at Oilman Headquarters

By Tim McNally A judge in the District Court of Wyoming recently rejected the Obama administration’s proposal for regulating hydraulic fracturing (fracking) on federal lands. The proposed rule is viewed as an overextension of the administration’s ability to enforce laws. Judge Scott Skavdahl, who was nominated in 2011 by Obama, […]

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