Tag Archives: OilandGas

IVS 2017 – Industrial Valve Summit

IVS 2017 – Industrial Valve Summit: the most important international event dedicated to industrial valves is back again   Milan, 15th May 2017– On 10th May in Milan, at the offices of theEuropean Commission, the press conference relevant to the opening of the second edition of the IVS – the Industrial Valve Summit – took […]

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Oil rises 2% after Saudi and Russia back longer supply cut

  Oil jumped more than 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than first agreed. Energy ministers from the world’s […]

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The DNA of oil wells: U.S. shale enlists genetics to boost output

A small group of U.S. oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy industry keeps pushing relentlessly to cut costs and compete with the world’s top exporters. Shale producers have slashed production costs as much as 50 percent over two years, […]

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Analysis: Crude Likely To Hit $60 In Second Quarter

Crude’s latest decline has thrown the market into a mild panic. Higher than expected inventories combined with bearish commentary from the Saudi oil minister last week have cost crude prices roughly 10% since March 8. If nothing else, recent trading days have reflected a psychologically fragile oil market. With all of the current geopolitical unknowns, […]

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One of the first US refineries to be built in 40 years planned for Permian Basin

AUSTIN, Texas — MMEX Resources Corp., a global energy company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced that it plans to build a $450 million, 50,000-bpd capacity crude oil refinery in the West Texas Permian Basin, subject to the receipt of required […]

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US oil rig count rises for 7th straight week, Baker Hughes says

The US oil-rig count rose by seven to 609 this week, according to oilfield-services giant Baker Hughes. The gas rig count fell by five to 146. With miscellaneous rigs unchanged at one, the total rig count rose by two to 756. Last week the tally of oil rigs rose by six. West Texas Intermediate crude oil futures […]

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Gastech Exhibition & Conference 2018, 17-20 September 2018, Fira Barcelona, Gran Via Venue

              Gastech Exhibition & Conference 2018, 17-20 September 2018, Fira Barcelona, Gran Via Venue Barcelona, Spain has been announced as host city to the world’s largest natural gas & liquefied natural gas (LNG) event – the Gastech Exhibition & Conference – when it will return to Europe between 17-20 […]

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Dakota Access Pipeline Gets Final Go-Ahead

  The Dakota Access pipeline project, hampered by months of protests that led to a suspension by the Obama administration, has now received the approval of the U.S. Army, after President Trump signed an executive order allowing the project to proceed. According to a court filing, the Army will issue a permit for the final […]

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