Posts Tagged ‘oil and gas’
EPC Wrap Agreements in Power Projects
Estimated reading time: 4 minutes The increasing demand for energy has led to an intensification of competition – not only between organisations within the same sector (i.e. coal power…
Read MoreUnderstanding 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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