Archive | April, 2018

Updated CAT® PL61 Pipelayer Offers Performance, Safety Features, Easy Maintenance and Transport

For Worldwide Release (excluding Japan): April 2018 Release Number: 290PR18 Part of a full line of purpose-built Cat® pipe layers, the updated PL61 delivers 40,000 lb (18 145 kg) of maximum load capacity. The new model retains its familiar comfort and easy maintenance features, with updates for added safety and performance. Easy 128-inch (3240 mm) transport […]

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$100 Oil is Back on the Table as OPEC Stays Strong on Tightening Production Limits

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 […]

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Is This The Oil Opportunity Of The Year?

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 […]

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The Oil Eating Bacteria That Can Clean Up Crude Spills

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. […]

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First Plenary Session Speakers announced for World’s Largest LNG Event

                    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 […]

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Offshore Rig Builders Face New Reality

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 […]

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JDS Technologies, Inc. to Expand in Tennessee

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 […]

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Bahrain Makes Its Biggest Oil Discovery In History

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 […]

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Highly Successful AOG 2018 Reflects Resurgence of Oil and Industry Confidence

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 […]

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LAGCOE Education Fund to Participate in South Louisiana Giving Day

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, […]

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The Bakken Is Booming Once Again!

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, […]

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