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Marsh Bellofram Announces New BelGAS CP Division

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 […]

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AOG Audience Hears that Government is Backing Local Oil and Gas Turnaround

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 […]

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Australia’s Largest Oil and Gas Event Begins in Perth Tomorrow

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 […]

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Corpus Christi Set to Become Major Oil Export Hub as Shale Drilling Surges

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 […]

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BP Reports Surprise Production Jump At Mature Fields

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 […]

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A river Becomes an Ocean…Australia’s LNG Marine Fuel Opportunity

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 […]

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U.S. Oil Export Boom Boosts Pipeline Demand

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 […]

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America’s Oil Boom Is Fueled By A Tech Boom

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, […]

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Key Decision Makers Head Up Impressive AOG 2018 Speaker Line-Up

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 […]

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U.S. to Overtake Russia as Top Oil Producer by 2019 at Latest: IEA

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 […]

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Texas flood: U.S. Oil Exports Pour Into Markets Worldwide

NEW YORK/LONDON/SINGAPORE (Reuters) – In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo. The repeal has unleashed a flood of U.S. shale oil, undercutting global crude prices, eroding […]

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Permian Seen Second to Saudis for Spare Oil-Output Capacity

The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter. Oil producers in the Permian Basin have at least a combined 500,000 barrels […]

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