Physical Attacks Need to Remain a Focus #OilmanNEWS 2017 September-October Technology 

Physical Attacks Need to Remain a Focus in the Oil and Gas Industry

When discussing ‘attacks’ in the oil and gas industry, the most concern has centred on the digital realm. While we are experiencing a cyber revolution, something that has enabled many industries, including oil and gas, to become more efficient and therefore profitable, it has also exposed them to new threats and vulnerabilities; it’s predicted that by next year, firms in… Read More
Hydraulic Drives that Fit the Application 2017 September-October Technology 

Hydraulic Drives that Fit the Application

For OEMs that design and build equipment or machinery, the hydraulic systems that drive the elements that lift, push, pull, drill or dig are often outsourced so as to maintain focus on their core competency – the rest of the system. However, sourcing the ideal hydraulic solution can present several challenges.  To ensure optimum performance, the hydraulic power unit (HPU)… Read More
EIA Forecast and OPEC Meeting Move Oil Price #OilmanNEWS 2017 September-October Upstream 

EIA Forecast and OPEC Meeting Move Oil Price

The oil market continues to experience price volatility as shifting variables test investors’ fortitude. An August 8 OPEC meeting and the Energy Information Administration’s (EIA) Short-Term Energy Outlook, released the same day, combined to create discordant expectations for production levels through to 2018. Investors held lofty expectations for the OPEC August 8 meeting, which they hoped would yield an increase… Read More
‘Drill, Baby, Drill’ Plan Shows Results #OilmanNEWS 2017 September-October Alex Mills Contributors 

‘Drill, Baby, Drill’ Plan Shows Results

Just a few years ago there was a debate over energy policy that included the phrase “drill, baby, drill.”  The belief was that if drilling for oil in the U.S. increases so would oil production and gasoline prices would decline. President Obama, however, did not believe that more drilling and production of oil would have any impact on the price… Read More
eDrilling Guest Interview: Digitizing and Digitalization of the Oil and Gas Industry #OilmanNEWS 2017 September-October Technology 

eDrilling Guest Interview: Digitizing and Digitalization of the Oil and Gas Industry

These are indeed defining times for the industry. We sat down with eDrilling’s VP Product Management and Strategy, Morten Svendsen, to hear his views on one of those items often put forward to secure a bright future for us all – namely, digitalization. Digitalization – hot or not? Definitely hot. There is a wind of change blowing in the industry,… Read More
LOGA Highlights Importance of Relationship with O&G Industry #OilmanNEWS 2017 September-October Louisiana 

LOGA Highlights Importance of Relationship with O&G Industry

To demonstrate the importance of the oil and gas industry to the state of Louisiana, the Louisiana Oil and Gas Association (LOGA) released a statement on July 27 outlining the relationship between the state and the industry. Given the recent negative rhetoric concerning the oil and gas industry’s operations in Louisiana, largely due to the industry’s alleged contribution to the… Read More
ConocoPhillips Releases Financial Report for Second Quarter #OilmanNEWS 2017 September-October Texas Upstream 

ConocoPhillips Releases Financial Report for Second Quarter

ConocoPhillips—its latest financial report released on July 27—reported a significant step forward in the move to meet financial and operational goals. The Houston, Texas-based firm has, like many of its competitors, been attempting to improve its financial position during these past few years as the oil price has lingered around a relatively low position. As large oil and gas companies… Read More
OPEC Receives a Painful Economics Lesson #OilmanNEWS 2017 September-October Alex Mills Contributors 

OPEC Receives a Painful Economics Lesson

The Organization of Petroleum Exporting Countries (OPEC) is getting a first-class education in the law of supply and demand, i.e. when supply outstrips demand prices decline. It has been a painful lesson. And it is not over. In November 2014, OPEC member countries decided not to cut production even though there was clearly an oversupply of crude oil on the… 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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