Global players in the oil and gas industry understand one major thing: governments’ political statements and public posturing 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. As new …
The Impact of Global Politics on the Oil and Gas Industry Read More »
Due to price wars and then COVID-19, in April 2020 oil prices went into negative territory for the first time in history. In early May 2020, there are signs of a slow rebound, but with oil prices perhaps more volatile than ever before, it becomes imperative for those in oil and gas to protect their …
Protecting Your Assets During Uncertain Times with Pipe Protection Read More »
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 …
Important Things to Know About Protecting Your Pipe Threads 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 …
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 …
OCTG and Drill Pipe Protection for Quality Inspections Read More »
Sucker rods ensure that well production continues long after completions. However, the grade of steel that is used to manufacture a sucker rod is highly prone to corrosion. In fact, about one-half of reported failures were determined to be due to corrosion. Whether pumpers use these rods onshore or offshore, as a core component in …
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