Keeping up with exploration and production companies’ need for more sand on hydraulic fracturing jobs, Halliburton Corp. and U.S. Silica Holdings have moved an industry record of almost 19,000 tons of sand via unit trains across the country. Timothy Wesbey Director of Supply Chain, Halliburton The trainload – the largest frac sand unit of its… Read more »
Monthly Archives: October 2016
Executives: Deepwater Projects Survive Low Oil Price
LONDON, Oct 18 (Reuters) – The deepwater oil industry is not dead, even after the brutal drop in oil prices in recent years, but activity will focus on regions such as Brazil and the Gulf of Mexico where resources are large and costs low, executives said on Tuesday. Sanctioning of multi-billion dollar projects, that take… Read more »
New BLM Regulations to Add Red Tape for Oil, Gas Operations
The Bureau of Land Management’s (BLM) recent update of regulations governing the measurement, reporting and recordkeeping of oil and gas production from federal and Indian leases could cause a decline in U.S. oil and gas production due to slow permitting and excess government red tape, two energy industry groups said Monday. Both the Independent Petroleum… Read more »
US Shale Oil Output Seen Surging If Crude Reaches $60 a Barrel
(Bloomberg) — Crude at $60 a barrel would probably trigger a strong increase in North American oil output, the head of the International Energy Agency said, amid signs that OPEC members and Russia may be edging toward an agreement to limit production. Benchmark Brent crude hit a one-year high above $53 a barrel on Monday… Read more »
Digital Investment Needed for Offshore Talent Shortage
Consulting firm Booz Allen Hamilton believes that the oil and gas industry will face a shortage of skilled workers once the oil and gas industry recovers. The shortage is expected as many laid off workers move into other industries, and college graduates shift to more stable industries, Jim Kolodgie, principal with Booz Allen Hamilton’s civil… Read more »
DUCs Will Assist US Crude’s Hot Production Run Through 2017
Questions have emerged on whether accelerated drilling activity in the United States will bring a screeching halt to the tentative rally in crude prices. It won’t, say analysts at Tudor, Pickering, Holt & Co. In short, the United States needs a return to growth in 2017 to balance the market by the end of the… Read more »
Digital Technology to Transform Oil, Gas Hiring Practices
The oil and gas industry’s effort to adopt digital technology not only will impact its daily operations, but its hiring needs as well. The oil and gas industry must pursue digital technology for two reasons: an aging workforce and increased focus on safety, said Mike Weast, IT regional vice president with professional staffing firm Addison… Read more »
OPEC Tries To Build Momentum For Global Oil Freeze
ISTANBUL, Oct 12 (Reuters) – OPEC sought on Wednesday to build momentum for its plan to cap global oil production, saying it will extend invitations to more non-member producers after holding informal talks with Russia and Mexico in Istanbul. Representatives of OPEC and non-OPEC countries will hold a technical meeting on October 28-29 in Vienna… Read more »
