DOE to Invest $20 Million in New Oil and Gas Research Projects #OilmanNEWS 2017-May-June Technology 

DOE to Invest $20 Million in New Oil and Gas Research Projects

The U.S. Department of Energy (DOE) announced the availability of $20 million for cost-shared oil and gas research projects to increase recovery efficiency from unconventional oil and gas wells and to prevent offshore spills and leaks.  This new funding opportunity seeks projects that will advance DOE’s objective to support a more environmentally responsible, secure, and resilient U.S. energy infrastructure, while… Read More
#OilmanNEWS 2017 July-August Technology 

Optimizing IT Spend: Cost Cutting Alone is Not Effective

This article is part two of a four-part series on optimizing IT costs. Past technology investments should have enabled new business improvements or efficiencies, but often come at the price of long-term operational maintenance and capital renewal increases.  Sudden pressures to reduce this cost must be weighed against impact to the efficiencies and capabilities previously delivered. Knee-jerk cuts on IT… Read More
#OilmanNEWS 2017 July-August Technology 

OTC Sees Another Annual Drop in Attendance

The Offshore Technology Conference (OTC) kicked off on April 29 at the NRG Park in Houston, Texas, and it lasted through the week of May 1-5.  The event, founded in 1969 to drive technological innovation in the ocean extraction and environmental protection industries, is one of the most well-known and well-attended networking affairs. The oil price crisis has unfortunately caused… Read More
Virtual Reality Safety Simulator Prove Industry Must Not Be Complacent on Training Workers #OilmanNEWS 2017-May-June Technology Texas 

Virtual Reality Safety Simulator Prove O&G Industry Must Not Be Complacent on Training Workers

Lloyd’s Register (LR), a leading global provider of engineering and technology-centric professional services, put delegates attending OTC 2017 in Houston, Texas, through their paces with an innovative VR Safety Simulator and gaming experience. A short video of the experience and feedback of some of the users who took part in the experience can be seen at https://youtu.be/Mb8HgXtwpXg. The new VR… Read More
#OilmanNEWS 2017-May-June Technology Texas 

Exxon Mobil Looks to Build Petrochemical Plant in Texas

Exxon Mobil’s and Saudi Basic Industries Corps’ joint plan to build a new petrochemical plant saw significant advancement on March 21, as a school board in southern Texas approved significant tax breaks for the company if it should choose to build in the region. The planned facility won $1.2 billion in tax breaks from the Gregory-Portland school district north of… Read More
#OilmanNEWS 2017-May-June Technology 

Automated Data Reporting Saves Time and Money

With low oil prices, operations managers seek the most accurate data available to them. This information allows them to make efficient financial forecasts and make reconciliations. For small to mid-sized companies, the low profit margins do not allow for mistakes. Even a small margin of error could negate profits. Doing this type of meticulous forecasting used to mean spending a… Read More
#OilmanNEWS 2017-May-June Technology 

International O&G Leaders Gather for CERAWeek

IHS Markit, a data analysis company, is hosting its 36th annual week-long conference in Houston, Texas starting on March 6th. According to the event’s website, CERAWeek is ranked among the top five “corporate leader” conferences in the world, bringing together leaders of nations, companies, and regulatory bodies to speak about the current state of the oil and gas industry. Each… 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.