Record revenues expected from Russia’s upstream oil and gas sector
Russia is set to reap record ruble revenues from the upstream oil and gas sector over the next six years thanks to tax changes and production growth.
North America to lead global crude oil pipeline additions
GlobalData reports that North America is forecast to add the highest trunk pipeline length to the global crude oil pipelines industry with 44% of global planned additions by 2022.
Crude oil prices expected to decrease from recent highs
The EIA reports that oil prices are expected to drop from recent highs by the end of 2018 due to higher production from OPEC and Russia.
Report profiles U.S. fuel and petrochemical supply chain
Infrastructure is a must-have when an industry switches from import to export.
SCADA standardization drives third-party connectivity
Ever more data leads to alternative means for capturing it as oil and gas refineries upgrade or migrate legacy control systems.
Permian Basin oil production expected to have major increase by 2023
Oil production in the Permian Basin will rise nearly 3 million barrels per day (mbd) to 5.4 mbd in 2023 with nearly 41,000 new wells and $308 billion in upstream spending between 2018 to 2023 driving that growth.
Sub-saharan gas production projected to grow 18% by 2021
Sub-Saharan Africa is expected to spend around $33 billion as capital expenditure (CAPEX) on conventional gas and coal bed methane CBM projects between 2018 and 2021 and grow by 18%.
Company announces plans for EPC commissioning and start-up operations
Petroteq Energy Inc. has increased its focus on the final engineering, procurement, and construction (EPC) processes to prepare for the immediate commissioning and start-up procedures for the Asphalt Ridge heavy oil extraction facility located near Vernal, Utah.
Natural gas production in U.S. projected to increase
Natural gas production in the U.S., according to the Energy Information Administration (EIA), is expected to grow in 2018 and 2019 and take an even larger chunk of generating the nation's electric power.
Wellsite valve manifolds simplified
A multiport flow selector is safer, less expensive, lighter weight, and more compact than conventional units.