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 …
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 …
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 …
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 …
Drill pipe, tubing, and casing are all part of the family of seamless rolled products known as oil country tubular goods (OCTG). They are one of the biggest expenses for both onshore and offshore oil rigs and need to be properly protected during transport and storage. Why Safe Handling and Storage of OCTG is Important …
Drill pipes are always a major investment when it comes to production. So, if a pipe breaks or sustains damage, the cost of added expenses to your investment can become catastrophic. To keep a drilling operation up and running, it’s essential the drill pipes are working optimally. A key way to do this is by …
US oil and natural gas production are currently experiencing an unprecedented era of growth. This is largely due to the Texas oilfield basins and new developments in the extraction technologies applied. With new extraction methods, the region has doubled its daily production over the last decade. With increases in the world’s demand for oil, higher …
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