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Letter from the Publisher 2016 July-August OILMAN Publisher 

Letter from the Publisher

Emmanuel Sullivan Change is all around us. It happens every day; both in our professional and personal lives. Saudi Arabia, one of the largest OPEC member countries, replaced its oil minister after 20 years of the same leadership. Many in the oil and gas industry expect to see significant changes as a result of the Saudi’s new oil minister. As... Read More
Pierce Junction Oil Field 2016 July-August OILMAN Pride 

Pierce Junction Oil Field

The Pierce Junction Oil Field was just south of Houston Texas and produced some fantastic wells. These old wooden derricks are long gone but the location should be familiar to most Texas football fans. The old Houston Astrodome and the new Reliant Stadium were built on top of the Pierce Junction Oil Field…. Courtesy of The Sloane Gallery – www.sloanegallery.com – 281-496-2212 Read More
The OPEC Situation: Understanding OPEC’s Relevance in the Global Oil Market 2016 July-August Features 

The OPEC Situation: Understanding OPEC’s Relevance in the Global Oil Market

With the member countries of the Organization of the Petroleum Exporting Countries (OPEC) controlling around 40 percent of the world’s crude oil production and exporting about 60 percent of the petroleum traded internationally, the activities of OPEC have been an important factor affecting not just oil prices but oil production in non-OPEC countries as well. Given that OPEC did not... Read More
Experiencing Déjà Vu from the Current Oil Crisis 2016 July-August 

Experiencing Déjà Vu from the Current Oil Crisis

The recent price drop of oil beginning in 2015 gives some individuals a flashback to the 1986 oil supply glut. Indeed, there are many factors that mark the past crisis as being similar to the current: OPEC decided to gain market share by getting rid of smaller players abroad, the price of oil collapsed due to the supply outweighing demand,... Read More
Oilman is Partnering  With The Following Events 2016 July-August 

Oilman is Partnering With The Following Events

South Texas Oil and Gas Convention American Bank Center 1901 N Shoreline Blvd Corpus Christi, TX July 20-21 http://roselandoilandgas.com Summer NAPE Expo George R. Brown Convention Center 1001 Avenida De Las Americas Houston, TX August 10-11 http://napeexpo.com Turbomachinery and Pump Symposia George R. Brown Convention Center 1001 Avenida De Las Americas Houston, TX September 12-15 http://tps.tamu.edu Houston Oil and Gas... Read More
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