Tradequip Blog & Oilfield Industry News

Higher oil prices this year boosted U.S. oil production, and the U.S. oil industry played a large part in America’s impressive second quarter economic growth—the fastest growth since the third quarter of 2014. Real U.S. gross domestic product (GDP) rose at an annual rate of 4.1 percent in the second quarter of 2018, according to […]

Diversified Communications, the organiser of the 2018 Australasian Oil & Gas Exhibition & Conference (AOG 2018), is pleased to announce that registrations for Australia’s largest oil and gas industry event are now open. With strong support from government and industry groups from around the globe and Principal Sponsors Woodside Energy, National Energy Resources Australia (NERA), the City […]

Exxon Mobil and Chevron said Friday that they plan to bring more drilling rigs to the increasingly crowded Permian Basin, heaping praise on the 75,000 square miles teeming with oil across West Texas and New Mexico, where drillers can pump more crude at lower costs than most places. But the focus on the Permian by […]

BISMARCK, ND – The 3rd Annual will begin Monday, July 17th at the Bismarck Events Center in Bismarck, North Dakota. Produced by BBI International and North American Shale magazine, the event is expected to draw 400+ shale oil industry professionals, including representatives from major operating producers, completion companies and active drillers. The event will include nearly 70 exhibitors, making this […]

Emerging technologies in robotics and automation have the potential to improve operations in the oil and gas industry by reducing costs, and increasing safety, efficiency and speed of the processes. Comprising of Robotics, Artificial Intelligence, IoT, analytics, and other hardware and software tools, the technologies are already finding inroads in a variety of processes. These […]

  TYE, TEXAS – Those in the oil patch said that things are looking up. A machinery auction with oilfield equipment was held in Tye Tuesday. Leaders in the industry from around the state were there. Over $1.5 million was expected to be spent on the equipment. Industry leaders in the oil patch said they’re […]

The oil industry is expected to boost spending for the first time in three years after slashing almost half a million jobs globally during the downturn, according to industry consultant Graves & Co. More than three quarters of the 440,131 oil jobs eliminated around the world through the end of 2016 came from the oilfield […]

Have you or any of your friends or colleagues been affected by the oil price collapse and resulting layoffs? If so, keeping current on issues and technology and maintaining and building a professional network are more important than ever. A limited number of scholarships for ACE 2016 registration are now available to displaced geoscientists and […]