Tag Archives: Oil and Gas

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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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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TRADEQUIP INTERNATIONAL CELEBRATES 40 YEARS IN PUBLICATION

  FOR IMMEDIATE RELEASE Tradequip International, a tri-monthly, buy-sell publication, is celebrating 40 years serving the oil and gas industry. Tradequip has been in print since 1978. Originally called International Tradequip, the paper barely contained more than ten pages. So, in 1983, it was purchased by The Cosby Harrison Company (formerly called TAP Publishing Company). […]

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$100 Oil is Back on the Table as OPEC Stays Strong on Tightening Production Limits

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way. Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel, which would help boost the valuation of Saudi Aramco IPO. But why not $100 per barrel? Reuters reports that Riyadh […]

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Is This The Oil Opportunity Of The Year?

It’s one of the most unbelievable energy stories of the year. A Chinese oil company was sitting on what might be a major oil discovery – a 182-million-barrel probable reserve, with great potential to grow. They spent hundreds of millions of dollars and sunk 13 wells, shot or acquired 6,700 km of 2D seismic, and […]

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Bahrain Makes Its Biggest Oil Discovery In History

Bahrain announced the biggest crude oil discovery in its history that will “dwarf” its current reserves, media reported, citing the tiny kingdom’s official news agency. Details on the size of the reserves will be released later this week. Bahrain is the smallest oil producer in the Persian Gulf, drawing its oil from the Bahrain Field […]

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Highly Successful AOG 2018 Reflects Resurgence of Oil and Industry Confidence

Australia’s largest oil and gas event has completed its 37th successful staging, with plans revealed for a significant industry expansion in 2019. Diversified Communications, the organiser of the 2018 Australasian Oil & Gas Exhibition & Conference (AOG 2018), has reported that more than 8000 people passed through the doors of the Perth Exhibition & Convention […]

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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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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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