Oil & gas news
Refinery margins and integrated oil companies
The US Energy Information Administration has commented that refiner margins are unable to fully offset low upstream earnings for integrated oil companies.
Nabors announces the release of AccuSteer MWD measurement suite
AccuSteer MWD measurement suite, a system designed specifically for the unconventional market, has been commercialised by Ryan Directional Services.
North American natural gas market oversupply to continue
Lower prices, ample supply, and increased competition in key markets are set to challenge Canadian natural gas exports.
Gas supply agreement is signed by Gazprom and LUKOIL
Gazprom agrees to buy LUKOIL’s gas, agreed at the St. Petersburg International Economic Forum 2015.
GeoTeric launches Cognitive Interpretation
Cognitive Interpretation is to be used to make informed decisions when drilling wells and producing oil and gas.
Independent Oilfield Services set to expand Peterhead site
Independent Oilfield Services is set to make an investment of up to £10 million in order to develop its site at Peterhead.
Global Maritime Group to design vessels for Baoham Offshore
Baoham Offshore is set to become the first privately owned offshore vessel owner in China, with Global Maritime Group as design partner.
GlobalData analyst states that Azerbaijan’s crude is declining
Whilst the Kashagan field in Kazakhstan remains strong, Azerbaijan’s ACG project has achieved its peak, according to GlobalData.
Oil market recap: Week ending 14 June 2015
PIRA Energy Group looks at movements in the global oil market.
Understanding reinforced elastomeric CBRs
Duoline Technologies discusses why CBRs for oilfield tubular internal lining systems are essential to reduce risk of failure.