Tag Archives: Oil and Gas Industry

Augmented Reality Is A Game Changer For Oil & Gas

Augmented reality and virtual reality technology is expanding beyond gaming and beyond chasing and catching Pokemon. Now, it’s hit the oil industry and aims to save it money. The oil and gas industry has started using AR to fix and maintain equipment at oil and gas facilities, cutting downtime and costs and saving on travel […]

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Asset Sales Accelerate In The Oil & Gas Industry

  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 […]

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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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The U.S. Oil Boom Is Attracting Canadian Drillers

Canadian oil and gas drillers are moving their rigs to the United States in response to greater demand for their service there and an investment climate at home that is, according to industry insiders, only making their lives harder. In a recent story for The Globe and Mail, Dan Healing quotes a few executives from […]

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Will The ‘Digital Oilfield’ Still Need Roughnecks?

  An oil drilling rig pictured in rural DeWitt County, TX Industry insiders say the work might change, but companies will still need the people Some say oilfield workers of the future will need new tech skills, but that at the same time, their jobs will be easier. However it plays out, the industry’s digital […]

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IEA: Energy Sector On ‘Cusp Of A New Digital Era’

                        Velda Addison Senior Editor, Digital News Group Hart Energy Artificial intelligence (AI) may still be a nascent digital technology, especially for the oil and gas industry, but its use holds promise for upstream operations, according to the International Energy Agency (IEA). “AI could be […]

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Beyond Limits Appoints New Head Of Oil and Gas Technologies

Dr. Shahram Farhadi will lead cognitive AI leader’s efforts in the energy sector. GLENDALE, Calif., Oct. 16, 2017 /PRNewswire/ — Beyond Limits, an artificial intelligence (AI) and cognitive computing company, today announced it has appointed Dr. Shahram Farhadi as the Head of Oil and Gas Technologies. Shahram will lead Beyond Limits as the company continues to develop next […]

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To Our Friends in Texas and Louisiana

Like all of you, our team at Tradequip International watched with dismay as Hurricane Harvey wreaked havoc in your hometowns. The storm’s devastation in such a vast area has struck at the heart of the oil and gas industry. Now, and for years to come, it has drastically affected many of you who are our […]

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The Oil Sands Trade Show and Conference is Coming Back This Year to Fort McMurray Stronger Than Ever

  The Oil Sands Trade Show and Conference is coming back this year to Fort McMurray stronger than ever after the event was postponed a year ago. The aim of the show is to support the industry that supports Alberta’s economy and it’s an opportunity for businesses to connect to the community where the Alberta […]

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US Drillers Add Oil Rigs For Record 23rd Week In A Row

U.S. energy firms added oil rigs for a record 23rd week in a row, extending a year-long drilling recovery as producers boost spending on expectations crude prices will rise in future months despite this week’s decline to a 10-month low. Drillers added 11 oil rigs in the week to June 23, bringing the total count […]

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PESA Submits Comments on NAFTA Renegotiation to USTR

In May, the Office of the U.S. Trade Representative (USTR) commenced the process to renegotiate the North American Free Trade Agreement (NAFTA). In addition to consulting with the U.S. Congress, USTR requested public comments on matters relevant to the modernization of NAFTA to inform the U.S. negotiating position. In comments submitted to USTR, PESA provided the […]

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API Report: Industry Safer Than It’s Ever Been

The American Petroleum Institute (API) recently released a report documenting the prioritization of safety, health and environmental stewardship in the oil and gas industry. As the report notes, the industry’s commitment to producing more energy, improving operation efficiency, while reducing the carbon footprint, is unyielding. Health and safety, the protection of people, the environment and […]

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