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 …
Oil Industry Bailout? Industry Leaders Say ‘No Way’ Read More »
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 …
Why Oil Prices Are Crashing: What You Need to Know Read More »
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 …
Addressing 8 Most Common Drill Pipe and Drilling Issues 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 »
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. …
The Impact of Global Politics on the Oil and Gas Industry Read More »
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 …
Update: Steel Tariff Effects on OCTG Investments Read More »
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 …
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