Call for Industry to Improve Health and Safety Protocol in the Workplace #OilmanNEWS Oil and Gas News 

Call for Industry to Improve Health and Safety Protocol in the Workplace

The American oil and gas industry is undoubtedly one of the most hazardous industries in the entire country with more 349 severe injuries including 166 amputations reported during 2016 according to the Occupational Safety and Health Administration (OSHA).  The US crude oil production reached an astonishing 11 million barrels per day (bpd) for the first time ever in July this year, coming in a… Read More
Germany, Italy and Spain together contribute more than 35% to refining capacity in Europe, says GlobalData #OilmanNEWS Oil and Gas News Press Release 

Germany, Italy and Spain Together Contribute More Than 35% to Refining Capacity in Europe

Germany, Italy and Spain are the major contributors in the European crude oil refining industry, as the three countries together account for more than 35% of the active refining capacity among all the countries in the region, according to GlobalData, a leading data and analytics company. The company’s report: ‘Refining Industry Outlook in Europe to 2022’ states that in 2017,… Read More
Fluor Subsidiary Gains U.S. Department of Energy Strategic Petroleum Reserve Management and Operating Contract Extension through March 2024 #OilmanNEWS Oil and Gas News Press Release 

Fluor Subsidiary Gains U.S. Department of Energy Strategic Petroleum Reserve Management and Operating Contract Extension through March 2024

IRVING, Texas – Fluor Corporation announced that the U.S. Department of Energy (DOE) has exercised its option to extend its current management and operating contract of the Strategic Petroleum Reserve (SPR) through March 31, 2024. The contract is currently being executed by Fluor Federal Petroleum Operations, LLC (FFPO), a wholly-owned subsidiary of Fluor. Fluor will book the $2 billion contract extension… Read More
Natural Gas Becomes Largest Sources Of Electricity Generation #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Natural Gas Becomes Largest Sources Of Electricity Generation

Natural gas has become the major generator of electricity in the U.S. during the past 10 years. The Energy Information Administration (EIA) reports that natural gas became the largest source of electricity in the U.S. in 2016 for the first time. Natural gas generated 1,378,307,000 megawatts compared to 1,239,149,000 for coal. During the past 10 years, natural gas has increased… Read More
Morgan Stanley Leads Oil & Gas Sector in M&A Financial Advisers Ranking, Q2 2018 #OilmanNEWS Oil and Gas News Press Release 

Morgan Stanley Leads Oil & Gas Sector in M&A Financial Advisers Ranking, Q2 2018

Morgan Stanley has claimed the top position in the latest Oil & Gas Industry M&A financial advisers M&A league table for Q2 2018, compiled by leading data analytics company GlobalData. The investment bank worked on seven deals worth a total of $49.9bn, surpassing competitors Goldman Sachs and Barclays, which came second and third, respectively, in value terms.  Prakhar Baghmar, Financial… Read More
SurplusHub signs Kværner, COSL Drilling, Altus Intervention, Seabird Exploration and More #OilmanNEWS Oil and Gas News Press Release 

SurplusHub Signs Kværner, COSL Drilling, Altus Intervention, Seabird Exploration and More

Hauge i Dalane, Norway – SurplusHub is proud to announce the signing of several key industry players as users of its new online portal. The Norwegian startup, set to be the world’s best global marketplace for oil and gas surplus equipment, has garnered industry praise for its innovative approach to surplus trading. After years in development SurplusHub was launched in… Read More
LAGCOE 2019 Expo Expands To New Orleans, Louisiana #OilmanNEWS Oil and Gas News Press Release 

LAGCOE 2019 Expo Expands To New Orleans, Louisiana

LAFAYETTE, La., – LAGCOE, a nonprofit energy industry organization focused on promoting commerce and connecting people through educational programs and a technical exposition and conference, announced today it will host LAGCOE 2019 in New Orleans, Louisiana at the Ernest N. Morial Convention Center.  The move allows strategic growth for the organization and increased industry participation in the biennial expo. “The… Read More
Oil and Gas News Press Release 

Drillinginfo Highlights How Regional Dynamics Are Affecting US Natural Gas Markets

Austin, TX – Drillinginfo, the leading energy SaaS and data analytics company, has released its latest FundamentalEdge series report, Natural Gas Basis, which presents an analysis of the fundamentals of the natural gas market and its impact to natural gas basis. Within the report, readers will find production of natural gas continues at record highs, however, storage inventories are expected… Read More
Titanium: The Leading Material In Flexibility Maintaining Oil Operations Oil and Gas News Technology 

Titanium: The Leading Material In Flexibility Maintaining Oil Operations

To match the United States’ push to maintain its status as the biggest hydrocarbon producer in the world, rigs have been put up at an increasing rate since April. A slow between June and July aside, there are now 834 oil rigs in the United States, as reported by Reuters. With these new rigs comes increased maintenance costs. According to industry… Read More
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