Danos to acquire Shamrock Energy Solutions #OilmanNEWS Louisiana Oil and Gas News Press Release 

Danos to Acquire Shamrock Energy Solutions

GRAY, La. – Danos is pleased to announce that it has reached a tentative agreement to acquire the assets and business of Shamrock Energy Solutions, a privately held 22-year-old oilfield service company, based out of Houma, Louisiana. The deal is expected to be effective in March, 2019, and will increase the number of Danos employees by nearly 50 percent, from… Read More
Gasoline is More Important Than Healthcare for Americans, Choose Free Gas Over Free Cash, New Study Finds #OilmanNEWS Downstream Oil and Gas News Press Release 

Gasoline is More Important Than Healthcare for Americans, Choose Free Gas Over Free Cash, New Study Finds

BOSTON — Americans collectively spent $388 billion on gasoline in 2018, averaging to 34 million fill-ups a day. GasBuddy, the only smartphone app connecting drivers with the Perfect Pit Stop, today issued the 2019 Consumer Sentiment on Gasoline Study that finds that the necessity, perception, and price of gasoline adversely impacts Americans across all age groups and income brackets, with a… Read More
#OilmanNEWS Oil and Gas News Texas Upstream 

Trendsetter Engineering Completes Delivery of Production Equipment for Noble Energy Leviathan Project

Houston, TX – Trendsetter Engineering has successfully completed the design and build of subsea production equipment for Noble Energy’s Leviathan Project, a large natural gas field development in the Eastern Mediterranean Sea off the coast of Israel, capping off over two years of effort. “This project has been a job well done by all those who contributed from Trendsetter and… Read More
FPSO Market to hit $30 bn by 2025 #OilmanNEWS Oil and Gas News Upstream 

FPSO Market to Hit $30 Billion by 2025

The FPSO market size is anticipated to surpass USD 30 Billion by 2025 and is set to witness vigorous growth on account of shifting trends toward offshore exploration & production driven by depleting onshore oil & gas reserves. Development challenges including excessive costs, material transportation, environmental conditions and decommissioning associated with fixed infrastructures will further shift the industry focus toward the… Read More
Meridian Energy Group, Inc. #OilmanNEWS Oil and Gas News Press Release 

Meridian Energy Group, Inc. Establishes Site Control for Permian Basin Refinery

BELFIELD, N.D., Meridian Energy Group, Inc., the emerging growth refining firm and leading innovator in advanced technology and environmentally-beneficial petroleum processing facilities, announced today that the Company has entered into agreement with a Winkler Company subsidiary (“Winkler”) establishing site control in Winkler County, Texas for a new Meridian full-conversion crude oil refinery. This new Meridian refinery will process local Permian (Delaware Basin) crude… Read More
Texas Leads the Nation in Oil & Natural Gas Production, Employment Growth #OilmanNEWS Oil and Gas News Press Release Texas 

Texas Leads the Nation in Oil & Natural Gas Production, Employment Growth

Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) today released the fourth edition of its “State of Energy Report,” offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for 2018. TIPRO’s “State of Energy Report” series was developed to further quantify and track the economic impact… Read More
Upstream oil and gas M&A and capital raising values totaled $47.9bn in Q4 2018 #OilmanNEWS Oil and Gas News Upstream 

Upstream Oil and Gas M&A and Capital Raising Values Totaled $47.9 Billion in Q4 2018

A total of 305 deals with a combined value of US$47.9bn were registered in the upstream oil and gas industry in Q4 2018, according to GlobalData, a leading data and analytics company. Of the total value, US$27.3bn was registered in mergers and acquisitions (M&A) in Q4 2018, representing a significant decrease of 41 percent from the US$46.2bn in M&A deals… Read More
Midstream oil and gas M&A values declined 59% in Q4 2018 #OilmanNEWS Midstream Oil and Gas News 

Midstream Oil and Gas M&A Values Declined 59 Percent in Q4 2018

A total of 71 M&A deals with a combined value of US$38.7bn were registered in the midstream oil and gas industry in Q4 2018, according to GlobalData, a leading data and analytics company. Of the total M&A deals, 44 deals, with a combined value of US$28.5bn were domestic acquisitions. The remaining 27, with a combined value of US$10.3bn, were cross-border… Read More
New upstream project startups set to soar in Europe from 2018 lows #OilmanNEWS Oil and Gas News 

New Upstream Project Startups Set to Soar in Europe From 2018 Lows

Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits and a rebound in new projects is expected. An increase in European greenfield startups is expected in 2019 as companies leverage infrastructure to commercialize small fields in the region, says GlobalData, a leading data and analytics company. The company’s latest… Read More
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Hey, Don't Forget to Register for OILMAN ConnectThe Oil & Gas Virtual Conference & Expo November 5 & 6, 2019

We would like to invite you to attend the OILMAN Connect Virtual Conference and Expo. At OILMAN Connect, you will have the opportunity to visit companies showcasing their industry products, technology, and software solutions, as well as hear from oil and gas industry leaders presenting at our innovative webinar and speaker series - all with the click of a button. FREE to attend. Plus, we're giving away fantastic prizes during the show.

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