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Important Things to Know About Protecting Your Pipe Threads
Rising economic pressure on the oil and gas industry will require operators to revisit their market outlooks over the short and medium-term. OPEC’s revised industry outlook (released in November 2019) indicated that the energy sector continues to face “challenging” times as growth will slow from 1.4 million b/d to 0.5 million b/d by the end
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 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
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
Top Perforating Gun Safety Practices
When it comes to oil well perforation today, drilling engineers have come a long way in advancing technology. With the passing of each decade, they discover more innovative ways to run stringed casing down the wellbore to connect it to the reservoir. Once they fire the perforating guns to punch holes in the casing, that
The Latest Innovations in Sucker Rod Protectors
Sucker rods remain an essential component of efficient and productive well operations. As a key part of the mechanical extraction process, rods must operate reliably and consistently to ensure a continued yield. Pumpers, for instance, should maintain and service sucker rods. However, a faulty section in the rod string could penetrate the tubing if separation
ISO Certification 9001 and 14001 for Pipe Protection
ISO certifications, 9001 and 14001, play an important role in the manufacturing of pipe protection products in the O&G industry. If you’re considering multiple companies for these products, perhaps learning more about ISO certifications will help guide your decision. Below, we will break down what you need to know about these (ISO – International Organization
Offshore Oil Rig Production in the U.S.
It can be mind-boggling the amount of oil that offshore oil rigs produce each month and year. And as it stands, the United States remains the top producer of oil and gas worldwide. Besides, it looks like the U.S. has made history once again in April of 2019. Crude oil production and lease condensate in
