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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
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
Drill pipe protectors are a vital piece of equipment for oil and gas operators. The significant investment that Oil Country Tubular Goods (OCTG) requires means that producers need the highest quality protective equipment available on the market today. With MSI Pipe Protection Technologies’ Guardian line of drill pipe protectors, operators can rest assured they are
Few working environments present a bigger risk to operational and occupational safety than the oil and gas industry. Due to the remote locations of rigs and the type of activities that take place during oil and gas operations, focusing on safety is a primary concern for regulators, producers, and other associations. According to the International
Even after revising their forecasts for 2020, the EIA expects global liquid fuel demand to grow in the coming year. New well completions will continue to increase the industry’s daily yield, with the latest numbers suggesting an average production increase of 1 million b/d during 2020. As the EIA expects oil prices to trend downward
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
In the coming decade, oil and gas operators will face new challenges and need to find additional efficiencies to retain their market posture. According to Deloitte’s industry outlook, investment shortages and volatile demand growth will plague producers over the next few years. The technological innovations from the previous decade provided many positive returns, but have
Maintaining efficient operations during oil and gas production requires staff to have access to reliable equipment. A failure in any section of the pipeline or ancillary devices can lead to well collapse, costly repairs, and extended downtimes. Operators need to protect pipe threads, ensure the integrity of casing tubes, and reduce the effects of corrosion
Assembling drill strings that operate reliably requires detailed calculations and comprehensive well designs. One of the major factors that determine the efficiency of a well is determining kinds of oilfield pipe threads, their size, and what their strength should be for the different casings, tubes, and downhole equipment. In fact, it’s not always possible to
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
Global players in the oil and gas industry understand one major thing… The political statements and public posturing of governments can directly impact their bottom line. From shipping lanes to supply and demand, every aspect of the market relies on the relationships and trade agreements countries and allies fostered after the 2nd World War.
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