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MSI Pipe Protection Technologies “Thanks for a Great Year”
As many of our valued customers know, MSI Pipe Protection Technologies has a new home with National Oilwell Varco (NOV). We are extremely thankful for a successful first year as part of this world-class organization under the Tuboscope Company division. At the same time, we are thankful for all our customers and clients for their
Update: Steel Tariff Effects on OCTG Investments
In March 2018, President Trump placed a 25 percent tariff on imported steel. What is the likely impact of this steel tariff on OCTG and the oil and gas (O&G) industry? Discover more below with MSI Pipe Protection Technologies. Understanding Steel Tariffs To reduce the United States trade deficit, the Trump administration last year introduced
Initial Oil and Gas Price Projections for 2020
The U.S. Energy Information Administration (EIA) revised its forecasts for the last quarter of 2019 and the beginning of 2020. Despite oil and gas production increases, the Short-Term Energy Outlook (STEO) expects prices to trend down over the next few months. This is largely due to some recent production halts, trade war issues, and the
OCTG and Drill Pipe Protection for Quality Inspections
Operating and maintaining a productive well requires a stringent inspection regimen. Regular inspections help identify any issues relating to the integrity of the downhole equipment and drill strings prior to failure. As (OCTG) Oil Country Tubular Goods remain a considerable investment for drilling operations. Therefore, maintaining their integrity during the handling, storage, installation, and production
The Importance of OCTG and Drill Pipe Inspections
OCTG and drill pipe inspections are a vital part of the oil and gas industry. Therefore, regular and thorough inspections are necessary to make sure all equipment meets the criteria for the given job. Inspections also help to avert any future problems resulting from or contributing to damaged tubulars. Why Inspections Matter OCTG and drill
Handling, Storing, and Protecting Your OCTG
Drill pipe, tubing, and casing are all part of the family of seamless rolled products known as oil country tubular goods (OCTG). They are one of the biggest expenses for both onshore and offshore oil rigs and need to be properly protected during transport and storage. Why Safe Handling and Storage of OCTG is Important
The Future of Oil Rig Platforms and Production
Offshore oil rig platforms are coming to terms with the impacts of the shale oil boom. Thus, producers are looking for new efficiencies in order to compete with their onshore counterparts. This drive is bringing new innovative technologies into the industry, which cuts down costs and increases production quantities. The oil price’s decline from four
Pipe Protection Helps Ensure Oil Rig Safety Measures
With an unprecedented increase in US oil and gas production, the protection of industrial equipment and human resources remains a vital concern. Any Lost Time Incident (LTI) influences the bottom line. Consequently, as the market currently favors US producers, making every effort to avoid a production stoppage is critical. With high-quality pipe protection and handling
Energy Production from Texas Oilfield Basins
US oil and natural gas production are currently experiencing an unprecedented era of growth. This is largely due to the Texas oilfield basins and new developments in the extraction technologies applied. With new extraction methods, the region has doubled its daily production over the last decade. With increases in the world’s demand for oil, higher
Indisputable Benefits of Pipe Protection for OCTG
As global demand for oil and gas rises, producers must ramp up production while looking for new efficiencies in operations. Though the number of rigs in the US decreased over the last year, production continues to rise. And oil producers are finding new ways to extract higher volumes from existing wells. Lower CAPEX limits mean
Pipe Protection and Proper Storage for OCTG Investments
For both offshore rigs and oilfields, one of the biggest expenses remains the OCTG equipment. This is because operators need tons of pipe to make up the bulk of a well’s infrastructure. Whether it’s for a new well completion, or improving the yield and lifecycle of an existing one, the tubes, casings, and pipes require
Wire Mesh Coverings VS. Perforating Gun Protectors
Perforating gun technologies and operations have grown with the ever-burgeoning oil and gas industry. The complex process to ensure optimum well performance has led to the production of several varieties. This also includes the required protection tools. The two main tools that operators use to safeguard drilling pipes are wire mesh coverings and perforating gun
