Uncertain supply and demand issues create problems #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Uncertain Supply and Demand Issues Create Problems

As the member countries of the Organization of Petroleum Exporting Countries, better known as OPEC, prepare for their important meeting in Vienna on Dec. 5-6, questions will be raised about its future. Will OPEC members be able to put aside their many policy and political differences to maintain order? Will non-members continue to work with OPEC and reduce oil exports… Read More
#OilmanNEWS Oil and Gas News Technology 

Key Technology Trends in 3D Printing

3D printing has tremendous potential in the oil and gas industry in delivering productivity gains, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘3D Printing in Oil & Gas – Thematic Research’, reveals that the technology is expected to gain further market penetration and find new use cases with greater collaboration between industry and technology players in… Read More
Goldman Sachs leads GlobalData’s M&A financial advisers league table in oil and gas sector #OilmanNEWS Oil and Gas News 

Goldman Sachs Leads M&A Financial Advisers League Table in Oil and Gas Sector

Goldman Sachs has secured the top position in the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the oil & gas sector based on deal value for the first three quarters (Q1-Q3) of 2019, according to GlobalData, a leading data and analytics company. The American multinational investment bank topped the rankings with a deal… Read More
Oil and gas companies embracing virtual reality technology to enhance operations, says GlobalData #OilmanNEWS Oil and Gas News Software Technology 

Oil and Gas Companies Embracing Virtual Reality Technology to Enhance Operations

Oil and gas companies are analyzing operational data using virtual reality (VR) to enhance their decision-making capabilities, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Virtual Reality in Oil & Gas’, explores the different ways in which oil and gas companies are deploying VR technology to fast-track the process of hydrocarbon discovery, well-planning and… Read More
Haynesville Shale expected to play crucial role in meeting future natural gas demand #OilmanNEWS Louisiana Oil and Gas News Upstream 

Haynesville Shale Expected to Play Crucial Role in Meeting Future Natural Gas Demand

The recent resurgence of drilling activity in the Haynesville shale is expected to continue for the foreseeable future, considering the projected rise in demand for natural gas worldwide and the ensuing increase in the US liquefied natural gas (LNG) exports, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Haynesville Shale in the US, 2019’, reveals… Read More
OspreyData #OilmanNEWS Oil and Gas News Press Release Software Technology 

OspreyData Launches Unified Monitor Product, Jetta Operating VP Confirms the Path is Incremental Adoption of Digital Oilfield

HOUSTON – OspreyData, leader in AI-Based Production Optimization solutions for Oil & Gas, announced today that they are launching the Unified Monitor solution, a component of their Production Optimization Platform, as a stand-alone offering to enable consolidated views of SCADA and Artificial Lift feeds in producing oil and gas wells. The Unified Monitor solution enables an oil company to shorten… Read More
Oil & gas industry M&A deals in September 2019 total $16.81bn globally #OilmanNEWS Oil and Gas News 

Oil & Gas Industry M&A Deals in September 2019 Total $16.81 Billion Globally

Total oil & gas industry M&A deals in September 2019 worth $16.81bn were announced globally, according to GlobalData’s deals database. The value marked a decrease of 51.9 percent over the previous month and a drop of 52.7 percent when compared with the last 12-month average, which stood at $35.49bn. Comparing deals value in different regions of the globe, North America… Read More
Natural gas prices down, inventories up as winter approaches #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Natural Gas Prices Down, Inventories Up as Winter Approaches

Record production of natural gas in Texas and throughout the United States has created lower natural gas prices for consumers, but it has many companies that produce natural gas struggling to avoid bankruptcy. One such company is Chesapeake Energy Corp., which is based in Oklahoma City, who was actively exploring in the Barnett Shale of North Texas some 10 years… Read More
VR technology supports oil and gas plant simulation and skill development #OilmanNEWS Oil and Gas News Software Technology Upstream 

VR Technology Supports Oil and Gas Plant Simulation and Skill Development

Following the rapid adoption of virtual reality (VR) technology in consumer markets, the oil and gas industry is witnessing wide-scale deployment of this technology across its value chain, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Virtual Reality in Oil & Gas’, explores how VR is finding its way into upstream, midstream and downstream… Read More
Oil prices soft as inventories rise #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Oil Prices Soft as Inventories Rise

More negative news for the crude oil exploration-and-production industry in the United States this week as prices dipped again, inventories rose again, and the drilling rig count declined again. Oil prices on the New York Mercantile Exchange (NYMEX) closed at $54.91 on Wednesday down $8.76 (14 percent) from a year ago. Oil stocks rose 5 million barrels during the week… Read More
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