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 …
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 …
Oil Prices Are On the Rise As Social Distancing Requirements Ease Read More »
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 Storage: Are We Running Out of Space to Store Oil? Read More »
Hydraulic Fracturing, more commonly known as fracking, is a somewhat controversial and often misunderstood process of accessing natural gasses. To understand the pros and cons of fracking you must know what it is, how it works, and potential risks as well as benefits. What is Fracking? First, you need to understand what fracking is. According …
Understanding Fracking: A Look at the Process, Benefits, and Cause of Controversy Read More »
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 …
All Things Drill Pipe Safety – What You Need to Know Read More »
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