United States will drive growth for oil storage industry in North America #OilmanNEWS Oil and Gas News Press Release 

United States Will Drive Growth for Oil Storage Industry in North America

The US will drive most of the growth in oil storage industry in North America between 2018 and 2022, according to leading data and analytics company GlobalData. The country is set to add more oil storage capacity than any other country in the region during the outlook period. The company’s report: ‘Oil Storage Industry Outlook in North America to 2022’… Read More
Refracturing Techniques Need to Evolve to Increase Success Cases for Operators in Haynesville #OilmanNEWS Louisiana Oil and Gas News Press Release 

Refracturing Techniques Need to Evolve to Increase Success Cases for Operators in Haynesville

The unconventional horizontal wells that were refractured in Haynesville of Louisiana state in the US during 2017-2018 showed a wide variance in economic performance among operators. This highlights the need for refracturing techniques to evolve to increase success cases for operators, says leading data and analytics company GlobalData. A total of 56 wells, which were initially completed between 2008 and… Read More
#OilmanNEWS Alex Mills Contributors Oil and Gas News 

Crude Oil, Gasoline Prices Rise as Inventories Decline

Global crude oil inventories are down creating upward pressure on crude oil prices around the world. Oil inventories fell 33 million barrels in June, the most recent reporting period that data is available, according to a report from Morgan Stanley. Stocks are well below the five-year range, leaving little buffer in the market for supply disruptions, the report stated. The… Read More
Labor Day Wraps Up Highest Summer at the Pump Since 2014 #OilmanNEWS Oil and Gas News Press Release 

Labor Day Wraps Up Highest Summer at the Pump Since 2014

BOSTON – Consumers have seen the most expensive summer at the pump since 2014 with an average of $2.73 per gallon thus far, according to GasBuddy, the only smartphone app connecting drivers with their Perfect Pit Stop. The average gas price over Labor Day weekend is expected to be $2.84 per gallon, a 20 cent increase from Labor Day 2017. “It’s… Read More
Simon Group Holdings Companies VESTA Modular and Atlas Oil Collaborate to Provide Temporary Housing for Frac and Rig Fueling Business #OilmanNEWS Oil and Gas News Press Release 

Simon Group Holdings Companies VESTA Modular and Atlas Oil Collaborate to Provide Temporary Housing for Frac and Rig Fueling Business

BIRMINGHAM, Mich., – Simon Group Holdings (SGH) companies VESTA Modular and Atlas Oil have partnered to establish a modular housing solution for Atlas’ Frac and Rig business in Odessa, TX. The modular housing units, provided by VESTA, are a cost-effective solution for Atlas team members in rural areas of West Texas that have limited housing or hotel options. VESTA will… Read More
China will continue to lead global propylene capacity growth through 2026 #OilmanNEWS Oil and Gas News Press Release 

China Will Continue to Lead Global Propylene Capacity Growth Through 2026

China will continue to lead the global propylene capacity growth with highest planned capacity additions over the next nine years, according to leading data and analytics company GlobalData. Asia and the Middle East will drive most of the global market growth with the majority of the planned and announced plants slated to come online in both these regions over the… Read More
#OilmanNEWS Oil and Gas News Press Release 

Q2 Capital Markets Review: Investors Infuse $26 Billion In Fresh Capital Into Energy

Austin, TX – Drillinginfo, the energy industry’s leading SaaS and data analytics company, released its quarterly Capital Markets Review highlighting $26.1 billion in aggregate funds raised in the energy industry through underwritten public equity and debt offerings in Q2 2018. Though offerings fell nine percent year-over-year, the first half of 2018 boasted $65.5 billion in public securities. Slowing activity reflected… Read More
China Imports Oil and Gas #OilmanNEWS Alex Mills Contributors Oil and Gas News 

China Imports Large Quantities Of Texas Oil And Gas

Even though recent international events may create questions about the future demand for petroleum, the domestic oil and gas industry has experienced robust growth in Texas and throughout the U.S. in 2018. The Energy Information Administration (EIA) at the Department of Energy issued its short-term forecast this week predicting increased crude oil and natural gas production and somewhat stable prices.… Read More
Top 5 Industry Shifts Fueling the Future of Drilling Systems #OilmanNEWS Oil and Gas News Press Release 

Top 5 Industry Shifts Fueling the Future of Drilling Systems

SANTA CLARA, Calif. – Frost & Sullivan’s recent analysis, The Future of Drilling Systems, highlights the rise of disruptive technologies such as blockchain, additive manufacturing, and Artificial Intelligence (AI) and how they are setting the stage for large-scale gains in operational and cost efficiencies in the drilling sector. Intelligent, automated drilling systems demonstrably have a huge impact on the drilling… Read More
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