Automated Pipe Welding Emerges from “Perfect Storm” of Technology Advances

Automated pipe welding has been little more than a pipe dream for decades. But advances in several critical technologies, including sensors, AI (Artificial Intelligence), and collaborative robotics, have converged to create a perfect storm of opportunity—and it’s happening just in time. The shortage of pipe welders in the U.S. has become a chokepoint for the oil and gas industry. ...

Blockchain Early Adoption in Oil Industry – Risks and Rewards

Following the financial crisis of 2008, Satoshi Nakamoto came up with a revolutionary concept of decentralized money or cryptocurrency, bitcoin with the underlying technology of Blockchain. Since then, Blockchain is continuously improving and is striving to find a better application experience. Blockchain, the foundation of cryptocurrency Bitcoin, is a distributed network where records are secured by encryption algorithms and the consensus…

Why Not Graphene?

Graphene is a sub-derivative material of the most abundant element on our planet: carbon. Known by scientists as the miraculous material, graphene is positioned as the biggest dream of manufacturers of materials such as spaceships, pipes protective covers, computer parts, auto parts for both bodywork and engines. It has also become the perfect compound for batteries and phone screens, computers…

How Oil and Gas Employers Can Navigate an Applicant’s Economy

Few industries understand supply and demand dynamics as well as oil and gas—and few places in the world are seeing those dynamics play out as dramatically as in the Permian Basin, where a crippling talent shortage looms large. Midland’s July unemployment rate sat at a razor-thin 2.1 percent, and 15,000 jobs are open on any given day. At the ...

Enhance Security in Oil and gas Asset Integrity Management: The Latest Technologies and Strategies to Protect Digital Data

The IIoT has transformed the landscape of Asset Integrity Management for the oil and gas industry. By empowering owner-operators with the ability to interconnect a vast array of physical assets on one digital platform, IIoT facilitates improved productivity, profitability, inspection scheduling, and corrosion mitigation – all while significantly reducing the likelihood of asset failure. These benefits have been driving the…

Oil Markets Bounce On Bullish Hopes

Investor Alert: Governments are spending billions to secure this new energy source. And you have the chance to stake a claim too — because early investors stand to make a MASSIVE fortune. Learn how much (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)Friday, September 6th, 2019 Oil was down at ...

Source: Oilprice.com

Permian Basin natural gas prices up as a new pipeline nears completion

Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019. This price increase coincides with the 2 billion cubic feet per day (Bcf/d) Gulf Coast Express Pipeline (GCX) preparing to enter service. GCX will provide much-needed additional natural gas takeaway pipeline capacity from the Permian region of western Texas and southeastern New Mexico.

Source: EIA: Today in Energy

Permian Basin natural gas prices up as a new pipeline nears completion

Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019. This price increase coincides with the 2 billion cubic feet per day (Bcf/d) Gulf Coast Express Pipeline (GCX) preparing to enter service. GCX will provide much-needed additional natural gas takeaway pipeline capacity from the Permian region of western Texas and southeastern New Mexico.

Source: EIA: Today in Energy