ProPetro to Acquire Aqua Prop for $35.6MM
As part of the transaction, initially valued at $35.6 million, ProPetro will own and provide onsite sand storage and handling.
Why Electrical Resistance is Better Than Induction for Welding Pre-Heat?
In recent years, the popularity of induction heating equipment has surged, thanks to its availability and efficiency. Induction heating can rapidly heat materials, making it ideal for High Temperature (>1400F) heat-treat cycles or removing couplings from turbines. However, when it comes to pre-heating for welding, Field Heat Treatment Technicians still prefer electrical resistance 99% of …
Why Electrical Resistance is Better Than Induction for Welding Pre-Heat? Read More »
Saudi Arabia Kicks Off Landmark Aramco Share Sale to Raise up to $13 Billion
Saudi Arabia kicked off a secondary share sale in oil giant Aramco on Sunday, a landmark deal that could raise up to $13.1 billion in a major test of international appetite for the kingdom’s assets. The banks on the deal will take institutional orders through Thursday and will price the shares the following day, with …
Saudi Arabia Kicks Off Landmark Aramco Share Sale to Raise up to $13 Billion Read More »
Goldman Sachs Says OPEC+ Meet is Bearish
Goldman Sachs said it viewed the OPEC+ meeting as bearish despite the output cuts extension, and expected downside risks to the $75-$90 Brent price range as some countries had already signaled the gradual phaseout of extra voluntary cuts. The Organization of the Petroleum Exporting Countries and its allies including Russia, agreed a complex deal on …
Tokyo Gas Seeks More U.S. Natural Gas Assets, President Says
Japan’s top city gas supplier Tokyo Gas is looking to add more U.S. natural gas assets, its president said on Monday, as it aims to expand its gas-related businesses in North America after its recent acquisition of a U.S. shale gas producer. The Japanese company paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff …
Tokyo Gas Seeks More U.S. Natural Gas Assets, President Says Read More »
OPEC+ Bets the Robust Crude Oil Demand Forecast is Right
(Reuters) – The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct. The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, agreed at a meeting on Sunday to extend the total of 5.86 …
OPEC+ Bets the Robust Crude Oil Demand Forecast is Right Read More »
Pandell Leadership Series: Location Intelligence Strategies for the Pipeline Industry
Unlock the Power of GIS in your Pipeline Management In this pre-recorded webinar Jeff Allen, Global Pipeline Practice Lead at Esri, discusses cutting-edge location intelligence strategies that are transforming traditional pipeline operations and decision-making. Learn how integrating spatial insights can significantly enhance the safety, efficiency, and growth of your pipeline enterprise. Your learning outcomes will …
Pandell Leadership Series: Location Intelligence Strategies for the Pipeline Industry Read More »
Permian Takeaways: Rebuilding the Most Prolific Paradigm in the US
Midstream companies and E&Ps may have different priorities, but continued pipeline development is crucial for the basin’s future.
OPEC+ Extends Deep Oil Production Cuts into 2025
Summary OPEC+ prolongs some cuts by one year OPEC+ to phase out other cuts very slowly Group faces rising oil stocks, tepid demand growth (Reuters) – OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, …
OPEC+ Extends Deep Oil Production Cuts into 2025 Read More »
Oil Settles Down Ahead of OPEC+ Meeting, Posts Weekly Loss
Summary EIA: U.S. crude output in March at highest level in 2024 U.S. inflation tracks sideways in April OPEC+ eyes deal to extend production cuts, sources say (Reuters) – Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer …
Oil Settles Down Ahead of OPEC+ Meeting, Posts Weekly Loss Read More »