Tradequip Blog & Oilfield Industry News

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, […]

  Get ready for more asset sales in the oil and gas industry. Earlier this month, Devon Energy sold properties in North Texas’ Barnett Shale for $553 million, which analysts said represented a “relatively attractive” multiple of cash flow. Last week Pioneer Natural Resources and Reliance Industries agreed to sell some of their oil and gas properties in […]

Continues Aggressive Push to Form Specialist Groups Serving Oil & Gas Newell, W.Va.—The Marsh Bellofram Company continues to reimagine its BelGAS operations to strategically respond to the needs of the oil and gas industry, announcing the formation of the new BelGAS CP (Control Products) business unit one month after announcing the formation of its new […]

The Australian oil and gas sector is rebounding and is about to receive a further boost from government, the audience at the first day of the Australasian Oil and Gas Exhibition and Conference (AOG) in Perth has heard. Western Australian Premier Mark McGowan told the opening session of the AOG 2018 Collaboration Forum that his […]

With the global oil and gas sector rebounding from a major industry downturn, there will be significant critical interest when more than 8000 visitors from 20 different countries attend one of the world’s leading petroleum events in Perth tomorrow. The three day Australasian Oil & Gas Exhibition & Conference (AOG), which is being staged for the […]

As West Texas drillers pump more crude in coming years, they’ll have to ship almost all of the increase in the Permian Basin’s output to buyers overseas – and most of those exports will pour out of Corpus Christi in South Texas, analysts say. Energy research firm Wood Mackenzie believes U.S. oil producers will pump […]

BP reported a surprise increase in oil production from aging fields that, according to chief executive Robert Dudley, he hadn’t seen in his close to four-decade career in the industry. BP reported a 12-percent increase in oil production last year, to the highest level since 2010. In an interview with Bloomberg on the sidelines of […]

With the prospect of an oversupplied global liquefied natural gas (LNG) market, more gas supply anticipated and weak LNG pricing in the coming years, identifying new outlets for gas is becoming mission critical for LNG producers. And one of the biggest opportunities over the next decade is in transportation. LNG as a heavy-duty truck fuel […]

The U.S. could add around 4 million barrels per day (mb/d) of additional supply in the coming years, and most of it will be shipped abroad, turning the U.S. into a major oil exporter. Most of the new supply will come in the form of light sweet and ultra-light oil. But because refineries along the […]

The U.S. is on track to become the world’s biggest oil producer, pumping out more crude than at its peak nearly a half century ago. For decades, few expected such a comeback, and it’s all the more remarkable because the price of a barrel of oil is nowhere near what it was during the last, […]

Senior executives from some of the world’s leading oil and gas companies will feature in what is being described as the most impressive speaker list in the long history of Australia’s largest energy event, the Australasian Oil & Gas Exhibition and Conference (AOG). Presenters at the AOG 2018 Conferences in Perth starting on March 14 include key […]

TOKYO (Reuters) – The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil boom continues to upend global markets.   IEA Executive Director Fatih Birol said at an event in Tokyo the United States would […]