MARKET WATCH: Economic indicators boost oil prices MARKET WATCH: Economic indicators boost oil prices April 8, 2013 Oil prices increased Mar. 26 with crude up 1.4% to its highest close in a month on the New York market, buoyed by improved US economic data and…
Foreign investors play large role in U.S. shale industry Foreign investors play large role in U.S. shale industry April 22, 2013 In early 2013, Sinochem, a Chinese company, entered into a $1.7 billion joint venture with Pioneer Natural Resources to acquire a stake in the Wolfcamp Shale play in West Texas. This investment highlights…
New emissions standards would fuel shift from coal to natural gas New emissions standards would fuel shift from coal to natural gas April 19, 2013 The cost of complying with tougher Environmental Protection Agency air-quality standards with portable tooling solutions could spur an increased shift away from coal and toward natural gas for electricity…
Poll Shows Some Manufacturing Execs Anticipating Expansion Poll Shows Some Manufacturing Execs Anticipating Expansion April 18, 2013 Great article regarding the economic situation of manufacturing and how Mactech is experiencing growth for on-site repairs by zigging while others are zagging. Agility is a strong asset…
API, BSEE release new standards, rules API, BSEE release new standards, rules April 17, 2013 The American Petroleum Institute and the US Bureau of Safety and Environmental Enforcement both have issued new standards and rules that affect operations in the Gulf of Mexico…
“We’re staffing up”: BSEE says recruitment drive will ease permit backlog “We’re staffing up”: BSEE says recruitment drive will ease permit backlog April 24, 2013 A key issue in the Gulf of Mexico (GoM) has been the bottleneck in permitting underwater machining at the Bureau of Safety & Environmental Enforcement (BSEE) since the big…
Personnel to get stop-work authority under strengthened SEMS II Personnel to get stop-work authority under strengthened SEMS II April 26, 2013 In its bid to root out any lingering complacency in offshore oil and gas operations, the Bureau of Safety and Environmental Enforcement (BSEE) has released the “final rule”…
Uncertainty in the Gulf: the lengthening shadow of Macondo Uncertainty in the Gulf: the lengthening shadow of Macondo April 29, 2013 The decommissioning market in the Gulf of Mexico is facing serious regulatory and fiscal challenges, and the longer-term outlook is uncertain, an expert has warned. A raft of…
Incremental steps advance subsea development Incremental steps advance subsea development May 27, 2013 Subsea machining oil and gas technology is continuously advancing to meet the requirements of increasingly demanding production environments: deeper water, greater distances from shore, higher reservoir temperatures and…