Jude Hislop

Basic Energy Services: Thanksgiving affects Nov. operation results

News

“Basic Energy Services well servicing operations lost approximately 500 basis points of utilization in November due to seasonal factors.” FORT WORTH, Texas – Well servicing company Basic Energy Services says the Thanksgiving holiday is largely responsible for a decline in rig and fluid service truck utilization during Nov. “As expected, November activity was significantly impacted

Basic Energy Services: Thanksgiving affects Nov. operation results Read More »

Global shale oil and gas reassessment ups reserves to 419 billion barrels

News

Only 4 countries (USA, Canada, China, Argentina) currently producing shale oil and natural gas at commercial scale Adding four new countries – Chad, Kazakhstan, Oman, and the United Arab Emirates – to its shale assessment has increased global reserves to 419 billion barrels of oil and 7,576 trillion cubic feet, according to the US Energy Information Administration.  The

Global shale oil and gas reassessment ups reserves to 419 billion barrels Read More »

Refinery runs may boost products oversupply – Platts

News

Unplanned issues at Gulf Coast refinery could provide some support to spot product prices if supply is curtailed significantly With U.S. refinery runs eyeing the 17-million-barrel-per-day (b/d) threshold this week, any resulting drop in the country’s crude inventories will likely be converted into product stock builds, exacerbating the persistent oversupply that has weighed on oil markets,

Refinery runs may boost products oversupply – Platts Read More »

California welcomes world’s first fully sustainable biofuel facility

News

Biodico Westside will produce up to 20 million gallons of biodiesel per year FRESNO COUNTY, Calif. & VENTURA COUNTY, Calif.-California is welcoming the world’s first fully sustainable liquid biofuel facility to help address energy needs and climate goals with an economically viable solution. The new San Joaquin Valley-based facility, which is owned and operated by

California welcomes world’s first fully sustainable biofuel facility Read More »

United States, a global powerhouse in shale oil

News

US ranked 2nd globally after Russia for shale oil resources, 4th after China, Argentina and Algeria for shale natural gas Over the past decade, the combination of horizontal drilling and hydraulic fracturing has provided access to large volumes of oil and natural gas that were previously uneconomic to produce from low permeability geological formations composed of shale, sandstone,

United States, a global powerhouse in shale oil Read More »

Light duty vehicles sales will exceed 2.1 billion 2015 to 2035 – report

News

“The global market for light duty vehicles is changing rapidly, with younger generations looking toward options like carsharing as alternatives to buying a car” – Navigant BOULDER, Colo. – The global vehicle market is changing rapidly, according to a recent report from Navigant Research, influenced by new technology, the rise of the Asian market, and evolving consumer

Light duty vehicles sales will exceed 2.1 billion 2015 to 2035 – report Read More »

BOP Technologies announces failsafe design for blowout preventers

Innovation

New BOP Technologies says its design becomes even more important as drilling moves to deeper water, higher pressures HOUSTON, Texas – The 2010 Deepwater Horizon disaster focused industry’s need for robust blow out prevention technology, which BOP Technologies says it has delivered with an innovative new design that allows the BOP to work even if the drilling rig

BOP Technologies announces failsafe design for blowout preventers Read More »

Milestone Environmental Services opens new facility in Permian Basin

News

Milestone says it plans to construct multiple new facilities in Permian Basin, other major US E&P basins HOUSTON, Texas – Milestone Environmental Services is building a new oilfield waste disposal facility near Pecos, Texas, the company announced Thursday. The new facility which is full service, is the sixth to join the five existing locations in South and East Texas,

Milestone Environmental Services opens new facility in Permian Basin Read More »