Tradequip Blog & Oilfield Industry News

 Total S.A. (NYSE: TOT) (“Total”), Borealis AG (“Borealis”) and NOVA Chemicals Corporation (“NOVA Chemicals”) today announced they have closed a joint venture in petrochemicals on the U.S. Gulf Coast after receiving all required regulatory approvals. The company named Bayport Polymers LLC (“Bay-Pol”) is 50% owned by Total and 50% owned by Novealis Holdings LLC, a joint […]

The oil majors are increasingly betting their futures on a mix of downstream enterprises. Refineries, processing, petrochemical facilities and retail gasoline stations are gaining in importance, while upstream spending stalls. The WSJ reports that BP has plans to open 1,000 retail gasoline stations in Mexico and India over the next three years while ExxonMobil has […]

In the light, sweet spot  Surprisingly, they have not yet roiled the oil markets JUST over a year ago Harold Hamm, billionaire boss of Continental Resources, one of the biggest shale-oil producers in America, issued a stern warning to his fellow frackers. Drill with restraint or we will “kill the market”, he said. This month […]

  Call it Permian, version 3.0. That’s how Tim Dove, who leads Pioneer Natural Resources Co., refers to new well designs his company says are now pumping 35 percent more oil than their predecessors. And Pioneer’s not alone: Rivals are also boasting of huge improvements resulting from new-look technology, indicating that the biggest U.S. oilfield […]

Free content, leading industry speakers & additional networking led to a 94% visitor satisfaction rate at this year’s StocExpo Europe, but next year promises to be better than ever. Just weeks after the 14th edition of StocExpo Europe came to a close in Rotterdam, work is in full swing to create next year’s edition of […]

PLANO, TX – May 3, 2018 – Murex LLC (Murex) and Cetane Energy, LLC (Cetane) have agreed to a major capacity expansion which will more than double the existing throughput of the Cetane crude oil trans-loading facility in Carlsbad, New Mexico serving the Permian and Delaware Basins. Capital improvements, which will be completed Q3 2018 […]

  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). […]

For Worldwide Release (excluding Japan): April 2018 Release Number: 290PR18 Part of a full line of purpose-built Cat® pipe layers, the updated PL61 delivers 40,000 lb (18 145 kg) of maximum load capacity. The new model retains its familiar comfort and easy maintenance features, with updates for added safety and performance. Easy 128-inch (3240 mm) transport […]

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 […]

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 […]

It’s not a widely known fact that the 2010 oil spill caused by the explosion on BP’s Deepwater Horizon platform could have been even worse were it not for bacteria. Several species of marine bacteria that feed on ingredients in crude oil and natural gas bloomed during the spill, feasting on Louisiana light, sweet crude. […]

                    The 19th International Conference & Exhibition on Liquefied Natural Gas (LNG2019), the next event in the LNG X series owned by the International Gas Union (IGU), Gas Technology Institute (GTI) and the International Institute of Refrigeration (IIR), is proud to announce the first wave of […]