Sheer volume of data being created by oil and gas companies driving adoption of big data #OilmanNEWS Business Oil and Gas News Technology Upstream 

Sheer Volume of Data Being Created by Oil and Gas Companies Driving Adoption of Big Data

Oil and gas assets are increasingly fitted with a multitude of Internet of Things (IoT) sensors, causing exponential growth in data. This, in turn, is increasing the need for adoption of data management solutions for improved operational visibility. This approach also helps identify bottlenecks in operations and uncover patterns and relationships across diverse entities, says GlobalData, a leading data and analytics… Read More
As Oversupply Bears Down, U.S. Producers and OPEC+ Pump the Brakes on Production #OilmanNEWS Exploration & Production Oil and Gas News Upstream 

As Oversupply Bears Down, U.S. Producers and OPEC+ Pump the Brakes on Production

Austin, TX – Enverus, the leading oil & gas SaaS and data analytics company, has released its latest FundamentalEdge report, Pumping the Brakes. This market outlook service presents Enverus’ current view of crude oil, natural gas, and NGL fundamentals and where they are headed over the next five years. “The United States is the world’s number one producer, and that… Read More
Saudi Aramco still betting on oil expansions #OilmanNEWS Oil and Gas News Upstream 

Saudi Aramco Still Betting on Oil Expansions

Saudi Aramco is continuing to focus significant efforts on crude oil expansion, according to GlobalData, a leading data and analytics company. The company’s report, ‘Saudi Aramco After IPO – Company Overview and Development Outlook’, reveals that five major expansion projects – four crude and one natural gas – are being planned to boost output in the country. One eighth of… Read More
Regional tensions weigh on Saudi Aramco valuation #OilmanNEWS Business Upstream 

Regional Tensions Weigh on Saudi Aramco Valuation

Richard Thompson, Editorial Director at GlobalData, a leading data and analytics company, provides his view: “There are two primary factors behind the volatility in the Aramco share price. The most obvious is the heightening of regional geopolitical tensions since Soleimani’s killing by the U.S. The second relates to a prolonged period of subdued oil demand in the global energy markets,… Read More
sia to account for half of global petrochemical capacity additions by 2030 #OilmanNEWS Oil and Gas News Petrochemical 

Asia to Account for Half of Global Petrochemical Capacity Additions by 2030

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects between 2019 and 2030 with 50 percent share, according to GlobalData, a leading data and analytics company. The company’s report ‘H2 2019 Global Petrochemicals Capacity and Capital Expenditure Outlook – China Leads Global Petrochemical Capacity Additions’ reveals that the total petrochemical capacity of new-build… Read More
New-build crude oil trunk/transmission pipeline length additions (km) by region, 2019-2023 #OilmanNEWS Oil and Gas News Pipeline 

North America to Contribute 51% of Global New-build Crude Oil Trunk/Transmission Pipeline Length Additions by 2023

North America is set to drive the global new-build crude oil trunk/transmission pipeline length additions, contributing around 51% of the global planned and announced crude oil pipeline length additions between 2019 and 2023, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Crude Oil Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details… Read More
Low Natural Gas Prices Drive Comstock Resources to Increase Assets in Haynesville, Boosting Gas Production by Over 70 Percent #OilmanNEWS Exploration & Production Louisiana Oil and Gas News Upstream 

Low Natural Gas Prices Drive Comstock Resources to Increase Assets in Haynesville, Boosting Gas Production by Over 70 Percent

Steven Ho, Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on what Cornstock’s Chesapeake’s Haynesville assets acquisition will mean for Comstock: “Comstock’s potential acquisition of Chesapeake’s Haynesville assets will significantly increase its natural gas production from 1.15 billion cubic feet per day (bcfd) up to 2bcfd in 2020, while operational synergy could increase… Read More
TIPRO Releases Permian Basin Report Highlighting Record Oil and Gas Production #OilmanNEWS Exploration & Production Oil and Gas News Upstream 

TIPRO Releases Permian Basin Report Highlighting Record Oil and Gas Production

Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) today released the next edition of its “State of Energy Report” series entitled A Decade of the Permian Basin. The new TIPRO report explores trends in the Permian Basin over the past 10 years with an emphasis on employment, demographics, businesses and oil and natural gas production. TIPRO’s “State… Read More
2019 SOCMA Performance Improvement Award (L to R) Gene Williams Chairman SOCMA Board, Joe Welch MFG Chemical EHSS, Keith Arnold Pres CEO MFG Chemical, Jon Amdursky MFG Marketing Comm, Jennifer Abril SOCMA Pres CEO. #OilmanNEWS Oil and Gas News Petrochemical 

MFG Chemical Receives 2019 Plant EHS&S Performance Improvement Award

Dalton, GA – MFG Chemical, a global leader in specialty and custom chemical manufacturing, received a Performance Improvement Award for Resource Management and Waste Minimization from SOCMA, a U.S. trade association representing specialty and fine chemical manufacturers. The award was presented during SOCMA Week, the association’s renewed annual conference, held December 4-6 at the Royal Sonesta Hotel in New Orleans.… Read More
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