wenergy-software #OilmanNEWS Business Oil and Gas News Press Release Software 

Vernon E. Faulconer, Inc. to Power Next Stage of Growth with W Energy Software’s ERP Solution

Leading provider of cloud-based oil & gas software solutions selected to modernize Vernon E. Faulconer, Inc.’s core business software and position the producer for sustained growth using best-in-class ERP technology. TULSA, OKLA. – W Energy Software, the emerging leader in upstream and midstream oil & gas ERP solutions, announces that Vernon E. Faulconer, Inc. (“Faulconer”) has signed software licenses for its upstream… Read More
ExxonMobil Fuels incurs highest crude oil refinery maintenance globally in 2019 #OilmanNEWS Downstream Oil and Gas News 

ExxonMobil Fuels Incurs Highest Crude Oil Refinery Maintenance Globally in 2019

ExxonMobil Fuels and Lubricants Co (ExxonMobil Fuels) had the highest crude oil refinery capacity under maintenance (both planned and unplanned) among all the refinery operators globally in 2019, according to GlobalData, a leading data and analytics company. The operator had a total refining capacity of 1.7 million barrels per day (mmbd) under both planned and unplanned maintenance in 2019. The… Read More
Saudi Aramco Strikes Oil Entering Ranking as World’s Second Most Valuable Oil & Gas Brand #OilmanNEWS Business Oil and Gas News Upstream 

Saudi Aramco Strikes Oil Entering Ranking as World’s Second Most Valuable Oil & Gas Brand

Shell has retained its title of the world’s most valuable oil and gas brand for the fifth consecutive year, recording a 12% increase in brand value to US$47.5 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. Despite sustained lower oil and gas prices, the Anglo-Dutch titan continues to achieve a significant price… Read More
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
Energy wins in U.S.-China trade agreement #OilmanNEWS Alex Mills Business Contributors Oil and Gas News 

Energy Wins in U.S.-China Trade Agreement

President Trump signed an agreement with China this week that will increase trade between the two countries in many sectors of the economy, especially for agriculture, manufacturing and energy. During the signing ceremony at the White House on Wednesday, Trump said the deal will mean some $200 billion dollars to the U.S. economy. U.S. energy exports will increase $18.5 in… 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
Increased Swaption Activity May Present Financial Reporting Challenges for Oil & Gas Companies #OilmanNEWS Exploration & Production Oil and Gas News Upstream 

Increased Swaption Activity May Present Financial Reporting Challenges for Oil & Gas Companies

Lower natural gas prices are causing E&P companies to get creative with their hedging strategies to lock in near-term cash flows above the dismal levels the market is currently offering. When hedging with options, it’s not uncommon for oil and gas producers to sell options and roll the premium value of the sold option into another hedging instrument. An example… Read More
1 2 3 61
Subscribe to OILMAN TodayDelivered right to your inbox

Subscribe to OILMAN Today, a biweekly newsletter delivered to your inbox covering oil and gas business news, current events and industry information you need to know about.