Tag Archives: Oil and Gas

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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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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Dragon Products Introduces Sand Force™ to Frac Sand Delivery Trailers

Faster unloading of frac sand at the well site. Beaumont, Texas—Dragon Products, energy and industrial equipment manufacturer, has introduced Sand Force™, a double drop, bottom discharge trailer-mounted sand delivery trailer. Specifically designed for frac sand, Sand Force™ unloads the standard 25 tons of frac sand in approximately 11 minutes— orders are being taken now. “Since […]

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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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Oil Jumps Most This Year as Buildup Slows in U.S. Storage Tanks

Crude climbed the most since December as a recent buildup in U.S. storage tanks and terminals appears to be slowing down. Futures gained 2.4 percent in New York on Wednesday after a government report showed American oil inventories rose by 1.84 million barrels last week. That was lower than all but two of 11 estimates in a […]

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Industry Leaders to Highlight Importance of Diversity & Inclusion at AOG 2018

There is no doubt that diversity and inclusion in the workplace are now considered C-level issues, and key leaders in Australia’s oil and gas sector are amongst those who are pushing that message. The importance of diversity and inclusion in the oil and gas workplace will be a major feature at AOG 2018, with some […]

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Oil Rises 1.8% To $65.61, Setting New 3-Year Closing High After 10th Straight Drop In US Crude Stockpiles

U.S. crude prices topped $65 a barrel for the first time since December 2014. Oil prices turned higher after the U.S. government reported the tenth straight weekly drop in U.S. crude stockpiles. U.S. crude prices topped $65 a barrel for the first time in more than three years on Wednesday after government data showed the […]

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Nostra Terra Oil and Gas Secures US$5mln Funding Deal

“We’re excited to be working with such a strong energy lender as Washington Federal that endorses our plans to grow production, cash flow, and the size of the facility.”   Nostra Terra Oil and Gas Company plc (LON:NTOG) shares edged higher on Monday after the company announced that it received approval for a new US$5mln […]

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New Mexico Moves Up in Oil & Gas Rankings

        ALBUQUERQUE — Thanks to more barrels of oil being pumped monthly from the Permian Basin, New Mexico is among the nation’s top producing states. Industry officials in New Mexico on Wednesday celebrated the latest figures released by the U.S. Energy Information Agency, saying investment by energy companies in the state worth […]

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ESG Solutions Powers Innovative Well Completion Evaluations for Hydraulic Fracturing

ESG Solutions, an industry leader in microseismic solutions for the oil and gas and mining industries, has developed advanced analytical applications for microseismic data that helps operators understand the effectiveness of different fracturing techniques, and predict the capability of a fracture network to sustain the flow of hydrocarbons back to the well. The study on […]

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Schlumberger Buys Weatherford’s US Fracturing Assets

Weatherford has sold its US pressure pumping and pump-down perforating assets to Schlumberger for $430 million in cash, abruptly ending a planned joint venture that was to begin operations on 1 January. The parties agreed to revised deal terms that reflect an asset sale, abandoning the previously announced OneStim joint venture that had received US […]

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Oil Prices Post Strongest January Opening Since 2014

Oil prices posted their strongest opening to a year since 2014 on Jan. 2, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures traded flat at around $60.40 by 6 a.m. CST (12 GMT) after hitting […]

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