Tradequip Blog & Oilfield Industry News

Chinese refiners and the U.S. oil industry welcomed a decision by Beijing last week to exclude crude oil exports from a list of goods worth US$16 billion, on which China will impose a 25-percent tariff in response to the latest U.S. round of tariffs on Chinese goods with the same value. Since the decision was […]

  Speakers will discuss key challenges and opportunities faced within the industry. Singapore, 30-07-2018: The latest safety regulations in Singapore, the IMO 2020 Sulphur fuel cap, an overview of developments affecting the tank terminal market in Asia and future growth opportunities in South East Asia are some of the topics featured in Tank Storage Asia’s […]

Higher oil prices this year boosted U.S. oil production, and the U.S. oil industry played a large part in America’s impressive second quarter economic growth—the fastest growth since the third quarter of 2014. Real U.S. gross domestic product (GDP) rose at an annual rate of 4.1 percent in the second quarter of 2018, according to […]

Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively. The extensions allow the two rigs to continue their high-performance operations in the North Sea. Maersk Resolute has been awarded a 56-day contract extension by Petrogas E&P Netherlands […]

Upgrades will increase production of motor fuels and aromatics in the Philippines DES PLAINES, Ill., – Honeywell (NYSE: HON) announced today that Petron Corporation will expand and upgrade its Limay, Bataan refinery in the Philippines with technologies from Honeywell UOP. When the project is completed, the refinery will produce 75,000 barrels per day of refined fuels and 1 […]

  Drones are not new to industry or the oil and gas sector. They have been used by companies that are offering full-service video, or to capture survey photographs for some time.  However, Renner Vaughn, director of oil and gas at commercial drone operator, Cape, believes that there is a major gap between what companies […]

Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced that the Mt. Providence well began producing on July 10, 2018, approximately 60 days ahead of the originally scheduled completion date in early September. Current gross production of 3,850 barrels of oil equivalent per day (“Boe/d”), which is near the top of the previously […]

  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