In the oil and natural gas industry, efficiency is vital to overall profits. When you are using an older swab rig, chances are that you’re only running at 65% efficiency. When you take into consideration how expensive it is to run your swab rig in the first place, this level of power output isn’t worth … Continued
In November, the NSTA launched a new investigation, the Energy Venture Investment Summit opens up applications for 2023, a fire threatened Texas shale wells, and a fire erupts at a Chevron refinery in California. Continue reading our oil and gas news roundup to learn more about what’s happening in the industry this month. North Sea … Continued
Well-stimulation is one of the major parts of petroleum and gas extraction. It’s meant to improve and increase the production of oil and gas wells. When a well reduces its production, well stimulation is practiced by petroleum engineers. There are three major methods of well-stimulation. In this blog, we cover each method so keep on … Continued
Oil drilling in any capacity always provides an economic boost, but Arctic Sea drilling conveys certain unique and specific benefits. By developing offshore drilling in the Arctic Sea, oil companies can enrich the surrounding areas, bolster the nation’s oil reserves and even lead to scientific developments. In this blog we chat about the pros of … Continued
In October, Earthstone announced a share repurchase, the U.S. is to hold their first-ever pacific offshore wind lease sale, continental resources announced a definitive agreement to be acquired by the Hamm family, Shell Closed their UK hydrogen filling stations, and Biden laid out a plan to complete emergency oil sales. Continue reading our oil and … Continued
In an age of recycling, companies are looking for ways to repurpose and reuse resources to save money and time. It should be no surprise that this is also something that occurs in the petroleum industry. As more and more hydraulic fracturing is done, technological advances are allowing existing wells with slow or no production … Continued
In September, Biden issued offshore drilling rights, a large U.S. driller just made a big move into LNG, the U.S. pushed for better offshore oil and gas safety standards, and California lawmakers extend the life of the state’s last nuclear power plant. Continue reading our oil and gas news roundup to learn more about what’s … Continued
Flaring is a controlled burn of natural gas that can be trapped with crude oil. It happens in wells drilled for natural gas, as well as during fracking. The practice has persisted from the beginning of oil production over 160 years ago and takes place for multiple reasons. There are also many misconceptions surrounding flaring. … Continued
In August, onshore drilling is set to increase over the next five years, oil and gas producers may see a record in surplus cash from high prices, Texas oil and gas employment has seen a huge uptick, and drilling automation streamlines operations and improves safety. Continue reading our oil and gas news roundup to learn … Continued
Rust happens, and when it does it’s important to address it as quickly as possible before you must replace truck parts. Oil field trucks can be particularly susceptible to rust due to their size and the amount of wear and tear they endure. You can remove rust and prevent damage safely with these directions. Supplies … Continued