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 …
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 …
Oil and gas industry operations cannot control all of the trials and tribulations that may come with exploration and drilling activities. However, operators can anticipate common problems and issues and be prepared for them with the necessary equipment and support in case something bad does occur. What types of drill pipe and drilling issues may …
The Oil Country Tubular Goods (OCTG) industry relies on many market factors, with oil prices not surprisingly being the primary indicator. As the price of crude oil rises or falls, producers cap or commission wells accordingly. A balance between the cost of production and a fair market price keeps OCTG producers on their toes. At …
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 …
The United States has more natural gas than any other country on earth. More than half of US households use natural gas to power their homes and appliances. So why are there not more vehicles powered my natural gas? It would make sense that we would look to the cleaneast and most abundent energy source …
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