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Good to the Last Drop: Enhanced Oil Recovery
An increase in aging oil production wells has propelled the demand for Enhanced Oil Recovery (EOR) technology, which can advance global oil recovery efforts and boost the growth of the exploration and production market. Enhanced oil recovery techniques revive aging...
Resurgence in Oil Refineries
Texas, Oklahoma and the Dakotas' thriving oil industry is prompting companies to both expand existing refineries and to build smaller processing facilities. According to data compiled by The Wall Street Journal, U.S. refiners are preparing to add at least 400,000...
Construction Costs Climb Due to Increase in Oil & Gas Wages
An increase in oil and gas wages has triggered a spike in America's construction costs, reports suggest. Independent data was collected by global information company IHS and industry procurement authority, Procurement Executive Group (PEG). Findings credit the 26...
LNG Demand Means Energy Boom for Gulf Coast Region
The Gulf Coast is quickly becoming a key exporter of liquefied natural gas (LNG) as demand for the non-toxic liquid increases in global markets. According to the International Energy Agency (IEA), worldwide LNG demand has risen by approximately 7.6% since 2000. What's...
Development Drilling Must Increase to Meet Demand, Study Suggests
A study conducted by energy industry research firm, Douglas-Westwood, reports that the oil and gas industry must drill 670,000 wells by 2020 to keep up with rising oil and gas demands. The report states that in 2013, over 79,000 development wells were drilled....
DOT Requires New Safety Test for Rail Shippers
In the wake of recent train debacles, the US Department of Transportation has issued new safety guidelines that reclassify shale crudes and the tank cars that can safely ship such cargoes. The agency's order was issued as railroad companies, refiners and oil producers...
Cloud Technologies
Will cloud technology be the next technology to shape how the oil and gas industry manages their information technology infrastructure? Many developers of oil and gas software packages are moving their client-server-based applications to cloud-based modes, and for...
Condensate Splitters in Demand for Eagle Ford
The demand for condensate splitters in the Gulf of Mexico increases as the production of hydrocarbon mixture surges in the South Texas Eagle Ford Shale. Condensate, a very light form of crude oil, represents nearly half of the Eagle Ford's oil output. Because demand...