Haynesville Shale expected to play crucial role in meeting future natural gas demand #OilmanNEWS Louisiana Oil and Gas News Upstream 

Haynesville Shale Expected to Play Crucial Role in Meeting Future Natural Gas Demand

The recent resurgence of drilling activity in the Haynesville shale is expected to continue for the foreseeable future, considering the projected rise in demand for natural gas worldwide and the ensuing increase in the US liquefied natural gas (LNG) exports, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Haynesville Shale in the US, 2019’, reveals… Read More
VR technology supports oil and gas plant simulation and skill development #OilmanNEWS Oil and Gas News Software Technology Upstream 

VR Technology Supports Oil and Gas Plant Simulation and Skill Development

Following the rapid adoption of virtual reality (VR) technology in consumer markets, the oil and gas industry is witnessing wide-scale deployment of this technology across its value chain, according to GlobalData, a leading data and analytics company. The company’s latest thematic report, ‘Virtual Reality in Oil & Gas’, explores how VR is finding its way into upstream, midstream and downstream… Read More
Oil prices soft as inventories rise #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Oil Prices Soft as Inventories Rise

More negative news for the crude oil exploration-and-production industry in the United States this week as prices dipped again, inventories rose again, and the drilling rig count declined again. Oil prices on the New York Mercantile Exchange (NYMEX) closed at $54.91 on Wednesday down $8.76 (14 percent) from a year ago. Oil stocks rose 5 million barrels during the week… Read More
South America spearheads global FPSO deployments #OilmanNEWS Oil and Gas News Upstream 

South America Spearheads Global FPSO Deployments

South America has the highest number of planned and announced floating production storage and offloading (FPSO) additions globally between 2019 and 2025, with 27 projects. This is followed by Africa, Asia and Europe with a respective 15, eight and seven FPSOs, says GlobalData, a leading data and analytics company. The latest analytical report from GlobalData, ‘Q4 2019 Global FPSO Industry… Read More
Oil industry giants organize to reduce emissions #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Oil Industry Giants Organize to Reduce Emissions

Thirteen international oil and gas companies have committed $1 billion to reduce greenhouse gas emissions. The organization, called the Oil and Gas Climate Initiative (OGCI), will support the goals of the Paris Agreement, which will include unlocking large-scale investments in carbon capture, use and storage (CCUS) and supporting new taxes and economic incentive aimed at reducing emissions. The OGCI member… Read More
South America and Europe led globally with highest number of oil and gas discoveries in Q3 2019 #OilmanNEWS Oil and Gas News Upstream 

South America and Europe Led Globally with Highest Number of Oil and Gas Discoveries in Q3 2019

South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019, with eight discoveries each during the quarter, according to GlobalData, a leading data and analytics company. GlobalData’s report: ‘Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number of Discoveries in… Read More
Oil on the Roads: Road Transportation and Use in the USA and Worldwide #OilmanNEWS Midstream Oil and Gas News Upstream 

Oil on the Roads: Road Transportation and Use in the USA and Worldwide

Road transport accounts for over 45% (up to a half) of global use of oil. In particular, in the United States of America, the most “automobile” country of the world, where national road transport is the most developed (compared to other nations), total length of motorways (paved and unpaved) is over 6.6 million km (some 4.1 million mi), current size… Read More
#OilmanNEWS Midstream Oil and Gas News Upstream 

The Street Strikes Back: Oil & Gas Operators Shown No Mercy

Austin, TX – Enverus, the leading oil and gas SaaS and data analytics company, has released The Street Strikes Back, a new report in its FundamentalEdge series focused on geopolitical and domestic impacts affecting the oil, natural gas, and NGL markets. “Global incidents like the attack on Saudi oil facilities that used to send lasting ripples across the world and… Read More
Top Oil-producing County in Permian Basin Welcomes United Flight Service from Denver #OilmanNEWS Oil and Gas News Upstream 

Top Oil-producing County in Permian Basin Welcomes United Flight Service from Denver

The size of the Permian Basin in southeastern New Mexico has inspired economic development officials in Lea County to find ways to help the oil and gas industry access the oil-rich area more efficiently. United Airlines will begin offering direct flights from Lea County Regional Airport to Denver International Airport on October 27, giving the nation’s oil and gas industry… Read More
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