Optimizing your energy supply chain requires thinking outside the box to maximize efficiencies and profitability. #OilmanNEWS Business Downstream Midstream Oil and Gas News Transportation Upstream 

Thinking Outside the Box: Unconventional Supply Chain Planning

Optimizing your energy supply chain requires thinking outside the box to maximize efficiencies and profitability. When you think of your supply chain, what do you consider? For a traditional downstream refiner, you may include pipeline, truck, rail and vessel logistics. You may think about where inventory is stored. Do you have a picture of how your assets relate to each… Read More
New M&R Software Innovations Keep Fleet Managers in Check 2019 July-August Midstream Software Transportation 

New M&R Software Innovations Keep Fleet Managers in Check

Over the last twelve to twenty-four months, it seems as though topics such as autonomous driving and ELD mandates have flooded the news headlines for the fleet transportation industry. And deservedly so, these are no doubt topical, important issues. However, in running your fleet day-to-day, understanding the evolution of M&R (Maintenance and Repair) issues continues to be right up there… Read More
Addressing Infrastructure Needs in the Permian Basin and Across America 2019 July-August Shale Texas Transportation 

Addressing Infrastructure Needs in the Permian Basin and Across America

It’s no surprise that with oil production in the Permian region quadrupling over the past eight years, the traffic in the Permian Basin has increased exponentially. According to a study by the Texas A&M Transportation Institute, there were four times the number of truck loads on the roadway than officials initially estimated. During this same eight-year period, Midland, Texas has… Read More
Photo courtesy of Lodestar Logistics Corporation 2019 July-August Exploration & Production Transportation 

The Role of Rail Logistics In The Movement Of Oil & Gas Production And Downstream Commodities

Some of the very first barrels of crude oil produced in this country were transported in a system designed to move crude from Western Pennsylvania to markets on the East Coast. Then, as now, more efficient methods of transportation were eventually developed and deployed. However, rail transportation has always played a key role in moving production from newly developed oil… Read More
Oil Ships Which Rule The Waves 2019 July-August Offshore Transportation 

Oil Ships Which Rule The Waves

On January 8, 2019, a Vietnam-registered oil tanker Aulac Fortune has exploded and caught fire off the coast of Hong Kong’s Lamma Island, killing at least one person and leaving three missing. The largest oil tanker shipping companies in the world facilitate the majority of crude oil trade globally. They ship hundreds of billions of barrels of crude oil each year. An oil (or petroleum) tanker… Read More
Overnight Surges in Trading According to experts, the average daily volume during trading overnight (4pm up till 8 am) for natural gas was seen increasing by 120% from January 2017 to 2018. These signified all-time-highs in a single day with about 1.02 million contracts that were exchanged. The de-linking of crude oil and LNG prices is expected to bring forward a rapid evolution in the US and global natural gas market. Currently, the LNG market on global scale stands at a net worth of about $90 billion per annum. One contributing factor toward the efforts to increase LNG demand is how countries are reducing their dependence on coal and are moving towards sources with lower carbon – like China. The global trade of LNG had reached about 38.2 billion Bcf daily in 2018. This was up about 10% from the 2017 standings and probably the largest increase in volume since 2010. In 2019, the EIA has forecasted as much as 90.2 billion Bcf daily. This will continue to rise as the natural gas industry moves towards 2020 and forecasts are for 92.1 Bcf daily. LNG as the Future of Energy in the US The EIA has also stated that it expects total electricity generation from natural gas power plants. Their forecasts illustrate a steady rise till 2020 where the statistics stood at 35% in 2018. In 2019, this is expected to rise to 36% and 37% in 2020. In comparison, the share of energy generated from coal will stand at just 26% in 2019 and a lesser 24% in 2020. The share of nuclear power generation will stand near the current level of 26% in both 2019 and 2020. The share of hydropower is forecasted to be somewhat less than its current 7% figures in both 2019 and 2020. Lastly, non-hydropower renewable energy sources like solar and wind are expect to grow from the current 10% to about 11% in 2019 and will stand at 13% in 2020. That being said, shale drilling for natural gas has already brought the US to the 2nd in producers trailing only by a small amount behind Russia. America is also expected to account for as much as 40% of the extra natural gas production in the world by 2022! #OilmanNEWS Oil and Gas News Shale Transportation Upstream 

U.S. Natural Gas Supply Future Projections and Sources

Geologists have dictated that natural gas and crude oil go hand-in-hand. If operators were to dig up a hole for one, there will also be a good chance to find the other. This very fact has underpinned the trading and pricing of various petroleum products in the world – which also includes liquefied natural gas (LNG). The shale revolution in… Read More
The Oil and Gas Industry Takes a New Approach to Alleviate Truck Order Backlog in 2019 2019 March-April Transportation 

The Oil and Gas Industry Takes a New Approach to Alleviate Truck Order Backlog in 2019

Truck attainment has been a key challenge for private fleets, for-hire carriers and organizations that rely on trucking across many industries, including manufacturing, oil, energy, and gas. This challenge has been accentuated by the backlog of orders for Class-8 heavy-duty trucks, largely stemming from an American Economy that has been booming ever since the Great Recession ended in 2010, and… Read More
Risks of Managing an Oil and Gas Fleet #OilmanNEWS Midstream Oil and Gas News Transportation 

Risks of Managing an Oil and Gas Fleet

Crude Oil and Gas are transported through numerous options, from a natural field where the reserves are extracted to the manufacturing facilities where they are processed or refined. This process requires optimal performance from the transport facilities used, as minor deficiencies can lead to significant losses in quality as well as the efficiency of the process. In lieu of these… Read More
What China’s Doing About Their Increasing Gas and LNG Demand #OilmanNEWS Downstream Oil and Gas News Transportation 

What China’s Doing About Their Increasing Gas and LNG Demand

Did you know that China was set to become the world’s top importer of natural gas last year? This was because of its increased dependency on LNG and decreased need for coal. In a report compiled by the International Energy Agency called ‘Gas 2018’, China’s demand for gas and LNG was rising. The Statistics The IEA found that the natural gas… Read More
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