Tradequip Blog & Oilfield Industry News

  HOUSTON–(BUSINESS WIRE)–Titan Production Equipment has officially opened for business, completing its acquisition of Exterran Corporation’s North American production equipment business. The new company plans to scale up quickly, aiming to become the market leader in the design, engineering and manufacture of oil and gas production equipment used to separate, process and treat hydrocarbon streams […]

  Visitor registration now open for event on 26 & 27 September London (28 June) – South East Asia’s bulk liquid storage market is expected to expand at a CAGR of 8.22% until 2024 as the region continues to be a key market despite previously turbulent market conditions in the oil and gas industry globally. […]

Alan Greenspan: Economic stability led by oil production Former Federal Reserve Chairman Alan Greenspan on the economic stability of the U.S. with the extraordinary rise of crude oil production. U.S. oil production is booming and oil exports are following. In its latest weekly update, the U.S. Energy Information Administration (EIA) also reported that oil refining hit its highest level […]

The Permian has been getting most of the headlines on U.S. shale, but there is another play in the vicinity that has been attracting more industry attention than media attention. Pretty much forgotten since the ‘90s, when shale oil and gas moved to the forefront of the U.S. oil industry, the Austin Chalk has now […]

Tank Storage Asia will return to the Marina Bay Sands, Singapore on 26 & 27 September! The 2-day exhibition & conference will bring the entire storage sector together under one roof. Register today and stay tuned to as more features will be announced soon. https://registration.n200.com/survey/0b3m7efxfmxt6?actioncode=NTWO000060FKG&partner-contact=2x3l9hnbxs259&partner-invite=107pba5vy5x52  

Output from the Permian basin is poised to double between 2017 and 2023, according to IHS Markit. At 5.4 million barrels per day, Permian production would surpass output from all other producer nation’s except Saudi Arabia and Russia. IHS Markit believes the jump in output will require more than $300 billion in investment. New IHS […]

The registration for Offshore Energy Exhibition & Conference 2018 is now live! The event, to be held on (22), 23 & 24 October in Amsterdam expects to attract over 12,000 offshore professionals and more than 600 exhibiting companies. Offshore Energy is an annual event focused on the complete offshore energy industry. It covers both the exploration and […]

LAFAYETTE, La. (June 1, 2018) – LAGCOE is proud to announce the winners of the Future Energy Professionals (FEP) scholarship. Recognizing the importance of collegiate majors from disciplines of Science, Technology, Engineering, and Math (STEM), LAGCOE has created this scholarship in an effort to attract professional talent capable of maintaining a high level of technical proficiency […]

 Total S.A. (NYSE: TOT) (“Total”), Borealis AG (“Borealis”) and NOVA Chemicals Corporation (“NOVA Chemicals”) today announced they have closed a joint venture in petrochemicals on the U.S. Gulf Coast after receiving all required regulatory approvals. The company named Bayport Polymers LLC (“Bay-Pol”) is 50% owned by Total and 50% owned by Novealis Holdings LLC, a joint […]

The oil majors are increasingly betting their futures on a mix of downstream enterprises. Refineries, processing, petrochemical facilities and retail gasoline stations are gaining in importance, while upstream spending stalls. The WSJ reports that BP has plans to open 1,000 retail gasoline stations in Mexico and India over the next three years while ExxonMobil has […]

In the light, sweet spot  Surprisingly, they have not yet roiled the oil markets JUST over a year ago Harold Hamm, billionaire boss of Continental Resources, one of the biggest shale-oil producers in America, issued a stern warning to his fellow frackers. Drill with restraint or we will “kill the market”, he said. This month […]

  Call it Permian, version 3.0. That’s how Tim Dove, who leads Pioneer Natural Resources Co., refers to new well designs his company says are now pumping 35 percent more oil than their predecessors. And Pioneer’s not alone: Rivals are also boasting of huge improvements resulting from new-look technology, indicating that the biggest U.S. oilfield […]