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Why Recycled Pipe Protection Is Not Ideal
Pipe protection products are a great investment in your business. In the oil industry, pipe is an asset. Without pipe in pristine condition, projects can be delayed or canceled altogether. As such, ensuring that pipe can be safely stored, transported, and used is worth investing in. Not only are there many different pipe protection products,
Rig Count Trends: What’s Happening and Why
The implications of COVID-19 will be far-reaching and we won’t know for some time just how deeply all industries have been impacted by the global health crisis. While many consumers don’t know much about the oil and gas industry beyond what they pay at the pump, those who are watching a may be shocked to
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
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
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
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
Oil Industry Bailout? Industry Leaders Say ‘No Way’
COVID-19, also known as Coronavirus, has impacted people the world over, effectively stopping day-to-day life in many regions of the world. Many industries are being impacted negatively by the spread of the virus, with the oil and gas industries among the hardest hit. In recent days, White House Insiders have stated that the Trump Administration
Understanding the Implications of Increased Oil Production in Saudi Arabia
After failing to reach an agreement about oil production and falling costs of oil, Saudi Arabia and Russia left talks with an impending price war and the three-year OPEC alliance is undoubtedly in question. Saudi Arabia made it clear that it was going to increase production and further announced stunning discounts on oil to the
Why Oil Prices Are Crashing: What You Need to Know
Even people who are not generally aware of oil prices have likely heard that oil prices are dropping. This is big news that is impacting not just the United States, but the world at large. When you understand why oil prices are dropping, you understand why this is important news for everyone, including the everyday
