More and more robots are being used in the oil and gas industry
The oil and gas industry is increasingly being disrupted by an increasing IoT presence, as sensors and other devices help operators monitor the various equipment on-site at many extraction facilities and refineries. In addition to standard IoT devices like sensors, robots will increasingly play a ...Trump’s Vow To “Unleash An Energy Revolution” May Send Oil and Gas Tumbling In 2018
President Trump's vow to “unleash an energy revolution” by reversing regulations may send oil and natural gas prices tumbling in 2018, according to Bank of America Merrill Lynch. Though U.S. oil and natural gas producers could see a surge in investment under Donald Trump's numerous proposals from ...Oil and Gas Networking Website Oilpro Says It’s Shutting Down
Houston—Oilpro, a networking and social media website geared to the oil and gas industry, said Monday it is shutting down operations. Oilpro's shutdown comes eight months after its founder David Kent pleaded guilty to one count of computer fraud in US District Court, Southern District of New York ...Why — and where — oil and gas mergers are finally making a comeback
Oil and gas players are finally inking new mergers and acquisitions, after nearly two years of moribund deal activity. Deal-making hit a soft spot following the 2014 oil bust as banks tightened lending to distressed drillers and buyers and sellers remained at odds over the value of energy assets. ...Oil, Gas Exploration Spend to Fall to 12-Year Low as Prices Bite
Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas such as the Arctic, according to Wood Mackenzie Ltd. Chevron Corp. said this week it would reduce spending on oil exploration and o ...Recommendations to Maximise Returns on Oil and Gas Investments
Calculate Estimated Expected Cash Flow Cash flow is one of the deciding factors when identifying lucrative oil and gas investments, especially when it comes to developing well sites. When calculating a project's expected cash flow, it is essential to consider relevant data regarding future costs ...Ryan Wright - FIG Tree Capital Ventures LLC
The Supporting Cast: How to Make a Horizontal Pump + Ancillary Equipment = A Pumping System
Foundation design and piping support are also part of thepump system. A properfoundation for a HOSS unit consists of thick concrete and rebar, it's not complex and not amajor cost in the total system design, but does ensure pump longevity. It'sdifficult to diagnose or control a pump system if th ...
With Russia and Saudi Arabia now locked in battle over which country can sustain their economies the longest as prices plummet, the Permian Basin in West Texas and southeast New Mexico is caught directly in the crossfire. In fact, in good part, the price war appears directly aimed at slowing prod ...San Juan Basin on verge of collapse
With natural gas prices plummeting alongside oil prices, industry leaders say producers in the San Juan Basin in northwestern New Mexico could soon be forced to shut thousands of wells. That translates into less than $1 per Mcf for producers on New Mexico's side of the basin, given the additional ...Expert Dan Fine discusses future of oil, natural gas amid low prices and the coronavirus
(Photo: Augusta Liddic/The Daily Times)AZTEC — Two tweets sent by President Donald Trump on the morning of April 2 spurred optimism for an oil industry hit hard by a flood of oil from Saudi Arabia and Russia, driving down the price. (Photo: Twitter screengrab)Fine said Russia, which has been frus ...Texas Panhandle group calls on Trump to change oil trade practices
“It's a core industry in that it reduces poverty and it increases the standard of living for people,” said Tom Cambridge, PIRI facilitator and petroleum geologist at Amarillo's Cambridge Production Inc. “We think that having a stable oil supply in this country that is not threatened by Saudi Arabi ...Overcapacity and the price of oil
Overcapacity and the price of oil Dr. Daniel Fine, New Mexico Center for Energy Policy 12:00 a.m. MT June 25, 2017 Daniel Fine, associate director of New Mexico Center for Energy Police at New Mexico Tech and a project leader of the Energy Police, State of New Mexico Department of Energy Minerals ...Dr. Daniel Fine is a nice addition | Roswell Daily Record
The recent article by Dr. Daniel Fine in the guest column of your Wednesday edition concerning the impacts of Saudi Arabian-led dismantlement of our lively domestic energy business via flooding the market with underpriced foreign crude from numerous Middle Eastern national oil companies along with ...
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