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Oil Market Finishes the Quarter Up
All eyes have been on the oil industry amid COVID-19 and the pounding the industry has taken as a result of stay at home orders and decreased demand for oil. While rig counts are historically low and thousands who work in the industry are currently furloughed, somehow the oil market has closed out the quarter in good
Oil Industry Solutions That Are Improving Safety
The oil industry is inherently dangerous due to how oil is extracted from the earth, its transportation, and the refining and storage process. Luckily, over time as technology and insight has improved, the industry has been discovering solutions that can be implemented to improve safety in everyday operations. Pipe Protection Pipe failure can cause many
Using Pipe Protection Now to Avoid Pipe Failure Later
In the oil industry pipe is an asset. Without pipe in proper working order, projects can slow, stop, or be canceled altogether. This can cost a company time, money, equipment, and skilled labor. Unfortunately, pipe failure cannot always be avoided. Yet, knowing the most common causes of pipe failure can help to prevent and avoid
How to Choose a Trusted Pipe Protection Provider
When you work in oil and gas, you know that pipe is important to the overall success of your business. A damaged pipe can slow or even stop a project in its tracks, costing time and money and even risking human life. Pipe protection products have been implemented by forward-thinking businesses who want to protect
Refineries Are Feeling the Squeeze Amid COVID-19
In the first quarter of 2020, we saw billions of people on lockdown or various forms of stay at home orders due to the COVID-19 pandemic. As the world comes back online slowly, many industries continue to feel the pains of COVID-19. Oil refineries are among those who are struggling despite reopening and increasing oil
How Proper Pipe Protection Positively Impacts Your Business
If you’re in the oil business you are aware of just how vital it is to have pipe in good working order at all times. The need to have access to uncompromised pipe is why most businesses have implemented the use of pipe protection products when it’s being used, when it’s being transported, and even
Rhino Tubular Handling Systems: Safety and Organization for Your Pipe
Pipe protection products are varied and should be implemented wherever possible to protect your assets. One area of protection that should not be overlooked is a pipe handling system that will allow for safe solutions for lifting, transporting, and storing tubular pipe. This type of protection compliments the use of thread protectors, stabbing guides, pipe
Protecting Your Assets During Uncertain Times with Pipe Protection
Due to price wars and then COVID-19, in April 2020 oil prices went into negative territory for the first time in history. In early May 2020, there are signs of a slow rebound, but with oil prices perhaps more volatile than ever before, it becomes imperative for those in oil and gas to protect their
Oil Prices Are On the Rise As Social Distancing Requirements Ease
Those with interests in oil production are feeling a bit of relief for the first time in months. After oil prices bottomed out and went into negative territory in April for the first time in history, many oil companies were fearing imminent bankruptcy. Now, with areas of the country re-opening, there is a slow rebound
Pipe Protection: Why It is important, What It Is, and Who Uses Pipe Protection
The oil industry is reliant on pipe for a variety of jobs ranging from drilling wells to pumping oil out of the earth. When a rig operator finds that their pipe supply is not in good working condition it can stop or slow work. Because pipe is central to much of the work that is
Making History: Oil Prices Go Negative for the First Time Ever
The oil and gas market is notoriously volatile, but amid COVID-19 it is more volatile than ever before with oil prices going negative for the first time in history on April 20, 2020. While the price drop has some consumers rushing to fill their gas tanks affordably, oil producers and investors are reeling. Louis Dickson,
Oil Storage: Are We Running Out of Space to Store Oil?
We are living in unprecedented times and the times have certainly had an impact on oil supply, demand, and production. Airlines have limited flights and are not buying or using jet fuel like they were before COVID-19 changed the way we live. Consumers are not filling up their gas tanks as often as about half
