Key trends in drone applications in the oil and gas industry #OilmanNEWS Downstream Fullstream Innovation Midstream Oil and Gas News Technology Upstream 

Key Trends in Drone Applications in the Oil and Gas Industry

Latest advancements in sensing and imaging technologies are enabling drones to be deployed in a wide range of settings in the oil and gas industry, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Drones in Oil & Gas – Thematic Research’, reveals how drones are being used to perform inspection and predictive maintenance of critical… Read More
GasBuddy Annual Travel Survey finds 65% of Americans traveling by car for the holidays; 30% say gas prices are impacting their travel plans #OilmanNEWS Downstream Oil and Gas News 

Thanksgiving Gas Prices Projected To Be Highest in Five Years

BOSTON — GasBuddy, the smartphone app helping consumers avoid paying full price for fuel, today projects the national average gasoline price for Thanksgiving will be at its highest since 2014. While it may lead to some complaints — 30% of Americans saying high prices are impacting their plans — it won’t slow them down much, with a 7% rise in motorists on… Read More
Maximizing Flame and Gas Detection Effectiveness: The Case for Optimizing Detection Coverage over Device Availability 2019 September-October Downstream 

Maximizing Flame and Gas Detection Effectiveness: The Case for Optimizing Detection Coverage Over Device Availability

FGS (Flame and gas detection systems) are increasingly critical to the protection of people, the environment, and, ultimately, the profitability of oil and gas operations. But despite the application of seemingly best implementation practices, many leaks go undetected for unnecessarily long periods of time. Part of the problem relates to judging mitigation effectiveness based primarily on device availability without adequate… Read More
The Trouble with Oil Price Predictions 2019 September-October Downstream 

The Trouble with Oil Price Predictions

Predicting oil prices is notoriously difficult because oil prices reflect both supply and demand dynamics. Of course, supply issues garner the lion’s share of the media’s attention – often around geopolitical shocks – and are inherently unpredictable. Nevertheless, in reality, the demand side of the equation dominates sustained swings in oil price inflation. Having studied such cyclical dynamics for decades,… Read More
US leads the world in oil, gas production #OilmanNEWS Alex Mills Contributors Downstream Oil and Gas News 

US Leads the World in Oil, Gas Production

It’s official. The United States became the world’s leading producer of petroleum and natural gas in 2018. The Energy Information Administration at the Department of Energy said on Tuesday petroleum production increased by 16 percent and natural gas rose 12 percent. “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production increases… Read More
Bechtel and CCS JV led surge in global oil & gas contracts value to US$42bn in Q2 2019 #OilmanNEWS Downstream Midstream Oil and Gas News Upstream 

Bechtel and CCS JV Led surge in Global Oil & Gas Contracts Value to US$42bn in Q2 2019

The global oil and gas industry’s total contract value reached US$42bn in Q2 2019, a massive 79 percent increase on Q1’s value of US$23.4bn according to GlobalData, a leading data and analytics company. Pritam, Oil & Gas Analyst at GlobalData, says: “This rise occurred despite there being a slight decline in the number of contracts from 1,453 in Q1 to… Read More
Opportunity Knocks: How Downstream Companies Can Successfully Participate in IMO 2020 Market #OilmanNEWS Downstream Oil and Gas News 

Opportunity Knocks: How Downstream Companies Can Successfully Participate in IMO 2020 Market

In 1848, gold was found at Sutter’s Mill in Coloma, California setting off the Gold Rush, which brought an influx of new participants to seize upon an opportunity. Some were experienced miners. Some were goods traders who knew how to purchase and sell supplies. Many were unprepared. They lacked information and knowledge on where to go and how to mine… Read More
United States Strategic Petroleum Reserve Well Pad Aerial View, West Hackberry, Louisiana Photo courtesy of 2019 July-August Downstream 

Salt of the Earth: The U.S. Strategic Petroleum Reserve

The U.S. SPR (Strategic Petroleum Reserve) is an oil reserve created in response to the 1973-1974 oil embargo. America’s dependence on OPEC (Organization of the Petroleum Exporting Countries) revealed the extent to which those countries could potentially influence United States foreign policy. Over the decades, U.S. energy consumption and production has changed. Today, the reasons the United States uses the… Read More
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