Demand for centrifugal pumps in Americas is dominated by oil and gas industry (expected to exceed $5 billion by 2020) The global market for centrifugal pumps is growing rapidly and one of the key drivers will be a rejuvenated oil and gas sector, according to a new report from Technavio, which forecasts the industry to grow
Oil and gas drives $27 Billion global market (by 2020) for centrifugal pumps Read More »
New methane emissions regulations suggest EPA head Gina McCarthystill doesn’t understand oil and gas industry The U.S. Environmental Protection Agency recently proposed new rules targeting methane and other emissions from the oil and natural gas industry, which the agency claims are required to “combat climate change.” The White House is also discussing new methane restrictions
The climate math of EPA’s costly methane rule Read More »
Canada remained top destination for US ethanol exports in 2015, receiving 249 million gallons, about 30% of all ethanol exports U.S. exports of fuel ethanol reached their highest level in four years in 2015, totaling 844 million gallons, a slight increase from 2014 and second only to the 1.2 billion gallons exported during 2011, according
US ethanol exports reach highest level since 2011 Read More »
WPX Energy has a net debt of $3.2 billion consisting of $3 billion in notes, remainder primarily in revolver borrowings WPX Energy says it has completed the previously announced sale of its San Juan Basin gathering system for approximately $309 million. The San Juan is located in the Four Corners region of northwestern New Mexico, southwest Colorado,
WPX Energy sells San Juan Basin gathering system for $309 million Read More »
Texas rig count as of March 4 was 227, representing about 46% of all active rigs in the US The Railroad Commission of Texas issued a total of 573 original drilling permits in Feb. 2016 compared to 924 in Feb. 2015. The Feb. total included 455 permits to drill new oil or gas wells, 19
Texas drilling permits and completions statistics for Feb. 2016 Read More »
By 2021, GTM Research expects the U.S. solar market to surpass 100 cumulative GW, with an annual install rate of 20 GW or more The U.S. solar market is set to grow a staggering 119 percent this year says GTM Research in its latest U.S. Solar Market Insight Report 2015 Year in Review, published in
US solar market to grow 119% in 2016, installations to reach 16 GW – survey Read More »
African American, Hispanic workers projected to account for 25% of new hires in management, business and financial jobs through 2035 Women and minorities will fill an exceptional number of the nearly 1.9 million job opportunities projected in the oil and natural gas and petrochemical industries by 2035, according to a new IHS report, Minority and Female
Oil, natural gas industry creating more opportunities for women, minorities – API Read More »
Biggest impact on O&G workforce is higher employee productivity and engagement, followed by better training and reskilling As upstream oil and gas companies scrutinize every dollar invested during the ongoing downturn, they’re spending smarter today on digital technologies, seeking to drive value and reduce costs, a new survey by Accenture and Microsoft Corp. reports. Respondents to the
O&G companies spend big on digital technologies to drive value, reduce costs in downturn Read More »
Russia could build more natural gas pipeline in Europe and reduce US LNG export utilization 40% As American LNG capacity ramps up to serve export markets, industry is speculating about Russia’s response. Will Russia build more infrastructure to protect European markets, driving down natural gas prices, and potentially rendering a lot of American LNG production uneconomic?
Will Russia put half of US LNG at risk of shut-in over next 5 years? Read More »
With approximately 2 million net acres, Chevron is largest net acreage holder in the Permian Basin With billions already spent on large scale investments, Chevron’s re-focusing 2016 capital spending toward tight plays like the Permian Basin that are shorter-cycle, lower cost, and less risky. “We’re completing major projects that have been under construction for several years. This
Chevron moving away from large projects, eyeing Permian Basin tight-oil plays Read More »
