Global chemical supply, demand threatened by Middle East escalation #OilmanNEWS Oil and Gas News Petrochemical 

Global Chemical Supply, Demand Threatened by Middle East Escalation

Military action leading to closure of the Strait of Hormuz between Iran and Saudi Arabia could seriously disrupt global trade in chemicals and oil products, with a knock-on effect for the world’s already fragile manufacturing economy. The US killing of General Qasem Soleimani, head of the Iranian Revolutionary Guards’ overseas forces, on 3 January 2020 threatens to further stoke up… 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
Decade closes with more than half a trillion dollars spent on shale assets #OilmanNEWS Mergers and Acquisitions Oil and Gas News Press Release 

U.S. Oil & Gas M&A Poised for Recovery after Challenging 2019

Austin, Texas – Enverus, the leading oil & gas SaaS and data analytics company, has released its summary of 2019 deal activity and its outlook for 2020. Enverus tracked $96 billion of U.S. oil & gas M&A in 2019, including $11 billion in Q4. However, the annual total was substantially skewed by Occidental’s $57 billion acquisition of Anadarko, which was… Read More
Key wearable technology trends in oil and gas industry #OilmanNEWS Oil and Gas News Software Technology 

Key Wearable Technology Trends in Oil and Gas Industry

Wearable technology is expected to be the next big consumer trend, with its impact similar to that of the smartphone, according to GlobalData, a leading data and analytics company. The company’s latest report ‘Wearable Tech in Oil & Gas – Thematic Research’ forecasts wearable technologies to have a significant impact in certain areas and industries. Listed below are the key… Read More
Leading oil and gas companies adopting virtual reality, #OilmanNEWS Oil and Gas News Software Technology 

Leading Oil and Gas Companies Adopting Virtual Reality

Oil and gas companies are finding innovative ways to capitalise on the benefits of virtual reality (VR) technology, according to GlobalData, a leading data and analytics company. The company’s latest report Virtual Reality in Oil & Gas – Thematic Research details how oil and gas companies using VR for subsurface studies, training and simulation, and for developing and improvising processes… Read More
Optimizing your energy supply chain requires thinking outside the box to maximize efficiencies and profitability. #OilmanNEWS Business Downstream Midstream Oil and Gas News Transportation Upstream 

Thinking Outside the Box: Unconventional Supply Chain Planning

Optimizing your energy supply chain requires thinking outside the box to maximize efficiencies and profitability. When you think of your supply chain, what do you consider? For a traditional downstream refiner, you may include pipeline, truck, rail and vessel logistics. You may think about where inventory is stored. Do you have a picture of how your assets relate to each… Read More
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