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Intelligent Drones Push the Boundaries of Oil & Gas Inspection

  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 […]

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Talos Energy Announces Early Production Start Of Mt. Providence Well Near The Top Of Production Guidance Range

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 […]

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Titan Launches Oil & Gas Production Equipment Business

  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 […]

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Asia’s Future Energy Needs on the Agenda at Tank Storage Asia 2018:

  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. […]

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Move over OPEC, America is the New King of Oil

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 […]

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Shale Shifts Attention To This ‘Forgotten’ Oil Play

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 […]

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The Permian Basin in Texas and New Mexico will soon become the third-biggest oil producing region in the world: IHS Markit

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 […]

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Offshore Energy Exhibition & Conference 2018 – Register now!

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 […]

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LAGCOE Awards Future Energy Professionals Scholarships

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 […]

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Total, Borealis and NOVA Chemicals Close their Joint Venture in Petrochemicals

 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 […]

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Oil Majors Double Down On Refining

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 […]

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American Shale-Oil Producers are on a Roll

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 […]

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