Posts Tagged ‘oil and gas’
Understanding Drilling Contracts
Estimated reading time: 4 minutes Understanding Drilling Contracts The Exploration and Production (E&P) segment of the international Oil and Gas Industry, is in all probability, the riskiest in terms…
Read More3 Most Fatal Oil Industry Accidents
Estimated reading time: 8 minutes The oil and gas industry is known as one of the most dangerous work sectors. Both onshore and offshore drilling operations pose their own…
Read MoreSubsea Pipeline Pre-Commissioning Activities
Estimated reading time: 4 minutes Pre-commissioning is generally considered to include the preparation and integrity verification or structure upon completion of construction/installation and prior to commissioning. Pre-commissioning includes all…
Read MoreFlare Gas Recovery & It’s Utilisation in Oil and Gas
Estimated reading time: 3 minutes As part of optimising the production operations, oil and gas producers use flare gas and set up a flare gas recovery system to be…
Read MoreControlling Turnaround Costs
Estimated reading time: 4 minutes Turnarounds are major events for refineries and other petrochemical facilities. They typically cost significant sums of operational expense and capital expense money to execute.…
Read MoreOil steadies near two-month high as U.S. drilling slows down
Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures rose 0.2% Monday after surging 3.3% on Friday. According to Baker Hughes data, the number of rigs drilling for oil in the U.S. fell to the lowest […]
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Read MoreBlockchain-based Oil and Gas trading launched
What is it? PermianChain Technologies has launched the prototype of its blockchain-based platform for trading potential oil and gas reserves. The platform – when fully developed – will simplify the process of placing values on reserves before production. This enhances efficiency and improve understanding of a project’s viability. Designed to improve the way that firms […]
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Read MoreOil prices surged on China truce – signals brighter outlook
Worries Diminished Oil prices surged to a two-month high as China trade truce offers trillion-dollar buying spree to defuse trade tensions with the United States. Futures climbed 3.3% in New York to cap the third straight weekly increase. China has proposed a six-year shopping spree for American goods as a trade truce. This reduces concerns […]
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Read MoreBP Discovered a Billion Barrels of Oil in the Gulf of Mexico
BP’s investment in next-generation technology just paid off to the tune of a billion barrels of oil. The British energy company has discovered 1 billion barrels of crude at an existing oilfield in the Gulf of Mexico. BP also announced two new offshore oil discoveries and a major new investment in a nearby field. BP […]
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Read MoreOpportunities open up for heavy lifting
After years of tough market conditions, owners of heavy-lift vessels are turning to new sectors in search of lucrative contracts Engineering contractors and heavy-lifting vessel owners are now beginning to secure new contracts for platform installation and subsea projects. However, tough market conditions since 2014 have led these companies to turn to alternative sectors – […]
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