Tradequip Blog & Oilfield Industry News

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way. Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel, which would help boost the valuation of Saudi Aramco IPO. But why not $100 per barrel? Reuters reports that Riyadh […]

It’s one of the most unbelievable energy stories of the year. A Chinese oil company was sitting on what might be a major oil discovery – a 182-million-barrel probable reserve, with great potential to grow. They spent hundreds of millions of dollars and sunk 13 wells, shot or acquired 6,700 km of 2D seismic, and […]

It’s not a widely known fact that the 2010 oil spill caused by the explosion on BP’s Deepwater Horizon platform could have been even worse were it not for bacteria. Several species of marine bacteria that feed on ingredients in crude oil and natural gas bloomed during the spill, feasting on Louisiana light, sweet crude. […]

                    The 19th International Conference & Exhibition on Liquefied Natural Gas (LNG2019), the next event in the LNG X series owned by the International Gas Union (IGU), Gas Technology Institute (GTI) and the International Institute of Refrigeration (IIR), is proud to announce the first wave of […]

Total announced that it was deploying the first offshore robots at a North Sea platform to test them as maintenance tools. Earlier, Shell inked a contract with an engineering firm to find ways of extending the life of its Leman Alpha offshore platform. Borr Drilling said this month that its $232.5-million acquisition of sector player […]

Rubber and plastics manufacturer to create approximately 110 new jobs in Winfield NASHVILLE – Tennessee Gov. Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe and JDS Technologies, Inc. officials announced today that the rubber and plastics manufacturer will expand its operations in Scott County. JDS Technologies will invest $2.2 million to establish a […]

Bahrain announced the biggest crude oil discovery in its history that will “dwarf” its current reserves, media reported, citing the tiny kingdom’s official news agency. Details on the size of the reserves will be released later this week. Bahrain is the smallest oil producer in the Persian Gulf, drawing its oil from the Bahrain Field […]

Australia’s largest oil and gas event has completed its 37th successful staging, with plans revealed for a significant industry expansion in 2019. Diversified Communications, the organiser of the 2018 Australasian Oil & Gas Exhibition & Conference (AOG 2018), has reported that more than 8000 people passed through the doors of the Perth Exhibition & Convention […]

LAFAYETTE, La. – On May 10, the LAGCOE Education Fund will participate in South Louisiana Giving Day, a project of Community Foundation of Acadiana. South Louisiana Giving Day is a 24-hour, online fundraising event to inspire the community to come together to contribute as many charitable dollars as possible to support the work of local nonprofit organizations, […]

The Permian has been stealing headlines and analyst attention over the past year, and rightly so, as it’s the only U.S. shale play that continued to grow even when all others suffered during the downturn. But higher oil prices over the past few months have prompted drillers to grow production not only in the Permian, […]

Augmented reality and virtual reality technology is expanding beyond gaming and beyond chasing and catching Pokemon. Now, it’s hit the oil industry and aims to save it money. The oil and gas industry has started using AR to fix and maintain equipment at oil and gas facilities, cutting downtime and costs and saving on travel […]

ATPS offers education, networking opportunities for industry engineers, technicians The reach of the Turbomachinery Laboratory at Texas A&M University has long been global. That impact was demonstrated earlier this month when the Turbo Lab hosted its second biennial Asia Turbomachinery & Pump Symposium (ATPS) in Singapore. The 2018 ATPS was held March 13-15, with short courses on […]