Production & SCM
Oil production in the Permian Basin will rise nearly 3 million barrels per day (mbd) to 5.4 mbd in 2023 with nearly 41,000 new wells and $308 billion in upstream spending between 2018 to 2023 driving that growth.
Sub-Saharan Africa is expected to spend around $33 billion as capital expenditure (CAPEX) on conventional gas and coal bed methane CBM projects between 2018 and 2021 and grow by 18%.
Petroteq Energy Inc. has increased its focus on the final engineering, procurement, and construction (EPC) processes to prepare for the immediate commissioning and start-up procedures for the Asphalt Ridge heavy oil extraction facility located near Vernal, Utah.
Natural gas production in the U.S., according to the Energy Information Administration (EIA), is expected to grow in 2018 and 2019 and take an even larger chunk of generating the nation's electric power.
A multiport flow selector is safer, less expensive, lighter weight, and more compact than conventional units.
A properly optimized unit can recover 95% of the normal paraffins in the feed.
Industrial network switches are designed for harsh conditions and environments and last for a long time while business information technology (IT) switches are designed for data center applications and have a shorter overall lifespan.
The global oil and gas storage service market is projected to reach $10.38 billion by 2022 and show a compound annual growth rate (CAGR) of 2.6% from 2017 to 2024, according to Esticast Research and Consulting.
Every business needs to have a skills training program to one degree or another. For those involved in more complex industries, such as oil and gas or petrochemical engineering, gathering new skills as well as the experience of the older generation and passing it onto those committed to learning a new trade is an essential business practice.
The Shell Prelude Floating Liquefied Natural Gas (FLNG) plant/ship of Royal Dutch Shell, to be located in the Timor Sea off the Northwest coast of Australia, has been named the FieldComm Group 2017 Plant of the Year.