TIPRO REPORT LOOKS AT CHANGING DEMOGRAPHICS OF THE PERMIAN #OilmanNEWS Oil and Gas News 

TIPRO Report Looks at Changing Demographics of the Permian

Austin, Texas – While energy development in the Permian Basin continues to skyrocket, a new report by the Texas Independent Producers & Royalty Owners Association (TIPRO) takes a closer look at population, education, workforce, and demographic trends across multiple business sectors in the oil-and-gas rich region that spans across West Texas. In the past five years, communities situated in the… Read More
#OilmanNEWS Oil and Gas News Press Release 

Wild Well Control Announces Online Introduction to Drilling Operations Course

HOUSTON – Wild Well Control, a Superior Energy Services company and the global leader in well control, engineering and training services, has launched a new online well control e-learning course, Introduction to Drilling Operations. This e-learning course meets all regulatory guidelines and is IADC WellSharp™ accredited. As an introduction to well control for oil and gas drilling operations, the course… Read More
New study forecasts higher oil prices #OilmanNEWS Alex Mills Contributors Oil and Gas News 

New Study Forecasts Higher Oil Prices

Crude oil prices have stalled recently, but one projection has prices rising because of tighter supplies and increased oil supply risks. The forecast comes from the Department of Energy’s Energy Information Administration (EIA), and it predicts that Brent crude oil will average $70 per barrel in 2019, which is higher than any previous forecast in 2019. “The 2019 Brent crude… Read More
WFS Launch World’s First Subsea Wireless Edge Network for Real-time Monitoring #OilmanNEWS Oil and Gas News Press Release 

WFS Launch World’s First Subsea Wireless Edge Network for Real-time Monitoring

WFS Technologies Limited (WFS) unveiled the world’s first subsea wireless edge network for real-time monitoring of subsea assets at this week’s Ocean Technology Conference (OTC) in Houston. WFS provides wireless subsea devices which are designed to provide robust, long-term monitoring of subsea hardware. The latest technology, ExtremeEdge®, has been developed to process and analyze the raw data at the sensor… Read More
Leading Drone Inspection Company Adds Two Energy Industry Titans To Its Board Of Directors #OilmanNEWS Oil and Gas News Press Release 

Leading Drone Inspection Company Adds Two Energy Industry Titans To Its Board Of Directors

Houston, TX, – AviSight, the leader in unmanned industrial inspection and advanced data solutions, announces two additions to their Board of Directors who cumulatively have over 60 years of experience in innovation, leadership, and success across the Oil and Gas industries. Joining the AviSight Board of Directors are: Gary L. Thomas, former President & CEO of EOG Resources, Inc. Marvin… Read More
Permian Basin continues to be growth engine of US onshore hydrocarbon production #OilmanNEWS Oil and Gas News 

Permian Basin Continues to be Growth Engine of US Onshore Hydrocarbon Production

Abundant hydrocarbon reserves and the ability to drill longer laterals has made Permian Basin the most prolific shale play in the world, according to GlobalData, a leading data and analytics company. The company’s latest market analysis report: ‘Permian Basin Shale in the US, 2019 – Oil and Gas Shale Market Analysis and Outlook to 2023’ reveals that production of crude… Read More
HYTORC Receives Spotlight on New Technology™ Small Business Award at Offshore Technology Conference #OilmanNEWS Oil and Gas News Press Release 

HYTORC Receives Spotlight on New Technology™ Small Business Award at Offshore Technology Conference

MAHWAH, N.J. — HYTORC, the oldest and most recognized manufacturer of industrial bolting systems in the world, today received a Spotlight on New Technology™ Small Business Award during the 2019 Offshore Technology Conference at NRG Park in Houston. HYTORC won the award for its LITHIUM SERIES® II Tool, a ground-breaking innovation with TorcSense™ Technology, an all-new method of direct torque… Read More
Alberta Entrepreneur Launches Knowledge Transfer Resources to Mitigate Cost and Schedule Overruns – Inspiring Success in Oil and Gas, and Other Projects #OilmanNEWS Oil and Gas News 

Alberta Entrepreneur Launches Knowledge Transfer Resources to Mitigate Cost and Schedule Overruns – Inspiring Success in Oil and Gas, and Other Projects

The Independent Project Analysis (IPA) Industry Analysis reported in 2011 that 78% of projects experienced cost or schedule overruns. In 2014, the Ernst & Young Global Ltd. (E&Y) Spotlight on oil and gas Megaprojects reported that 64% of projects experience cost overruns and 73% of projects experience schedule overruns. In 2014, Bent Flyvbjerg’s What You Should Know about Megaprojects and… Read More
Gazpromneft-Yamal awards eDrilling contract for Real-Time Optimization software #OilmanNEWS Oil and Gas News 

Gazpromneft-Yamal Awards eDrilling Contract for Real-Time Optimization Software

eDrilling announced today that it has signed a contract with Gazpromneft-Yamal, a Gazprom Neft subsidiary, for the use of eDrilling’s software to optimize its drilling operations in the Tyumen region. “Our objective is to improve performance across the board through the use of new technologies and design solutions in the field,” remarks Fedor A. Burkov, Head of Drilling support center,… Read More
Indonesia and Malaysia dominate oil and gas production outlook from greenfield projects in Southeast Asia over next six years #OilmanNEWS Oil and Gas News 

Indonesia and Malaysia Dominate Oil and Gas Production Outlook From Greenfield Projects in Southeast Asia Over Next Six Years

Indonesia and Malaysia will contribute around 80 percent of Southeast Asia’s total crude production from eight planned and announced projects in 2025, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Southeast Asia – Indonesia and Malaysia Lead in Oil and Gas… Read More
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