Oil and Gas
Companies dealt with fallout in many ways, but show optimism if reliable vaccine arrives.
Candidates have different views on transition from oil to renewable energy sources.
Rising oil & gas exploration activities and high product demand will contribute to this.
BP Plc predicts oil demand will fall over the next 30 years; jet fuel demand remains weak.
HOUSTON, Texas —Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) announced today that they have entered into an agreement to create STEP Energy, a geothermal project development company. STEP Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation projects, providing an opportunity to support a reliable supply of clean energy.
DUBAI - Weir Oil & Gas Dubai announced that it signed a three-year agreement for servicing and repairing pumps and motors with a national oil company in the United Arab Emirates (UAE). The contract secures the provision of Weir Oil & Gas Rotating Equipment services, machine shop services, emergency manufacturing and site works.
Recent report shows a CAGR of 3.69 percent.
Oil giant says 20 percent of world’s oil and gas reserves are threatened by low prices.
Drones and other methane monitoring technologies are growing in popularity.
Report says job and wage cuts largely due to plummeting oil prices from low demand.
“Trends toward digitalization and automation throughout the O&G sector has put us in a good position,” says Dan Munro, owner and managing director of PJ Valves.
Gross domestic product in the U.S. declines at an annualized rate of 4.8 percent in the first quarter of the year.
Removing sediments and other contaminants prevents buildup and other issues.
Without proper prevention, this sector is in the line of fire for malware attacks.
Stay in the know about how the oil and gas markets are performing.
Identify the who, what, when, where and how to select the right equipment.
Why end users should use API standards, correct materials and other specifications for the best production outcome.
Expansion of refinery capacity foreseen to strengthen demand for the component.
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