Service companies vie for market share of digital technologies
The E&P industry’s oilfield service companies seem to be meeting the sector’s digital transformation head-on. Last week, three large service companies—Baker Hughes, Schlumberger and Weatherford—announced new offerings in the Big…
Big data could help operators prepare offshore assets for hurricanes
Add storm prep to the list of operations that big data analytics can help oil and gas companies improve upon. The need for optimization in this area has been underscored…
Blockchain could become disruption technology for energy companies
The digital ledger system called blockchain, which was created along with the invention of the digital cryptocurrency known as bitcoin, is beginning to seep into the oil and gas industry. Blockchain is described by…
Venezuela’s proposed ‘petro’ is a risky bet, with purported combination of cryptocurrency, oil reserves
As the buzz around cryptocurrencies begins to reach a fever pitch, the Venezuelan government has announced a plan to release a new digital currency to help shore up its struggling economy. Called…
FG Directs NCDMB To Achieve 100% Offshore Platform Fabrication By 2027
The Minister of State for Petroleum Resources, Ibe Kachikwu, speaking at the just-concluded Nigerian Content Workshop in Imo, has charged the Nigerian Content Development and Monitoring Board (NCDMB) to ensure…
Eterna Plc Launches First Made In Nigeria Castrol Oil Brand
Three new automotive lubricants from the Castrol brand, Castrol Edge, Castrol Magnatec and Castrol GTX Essential, were launched into the Nigerian market on October 6, 2017 in Lagos by Eterna…
Oil Price Reaches $70 For First Time Since 2014
Brent crude futures, used in the pricing of more than half the world’s oil, rose as much as 1.2% to the highest since Dec. 4, 2014. Prices rallied after the…
254 Companies Bid For Purchase Of Nigerian Crude Grades
For the third consecutive year, the gale of transparency and innovation in the marketing and management of Nigeria’s crude oil grades was sustained on Wednesday as a total of 254…
Get Fracking!
What’s relatively clean-burning, abundant, and possibly the next big thing in reducing America’s carbon footprint? Would you believe… natural gas? Vast reserves – about 827 trillion cubic feet, more than double the…
What Can Be Made from One Barrel of Oil?
Oil gets a bad rap these days, but the stuff is actually quite incredible. Many people think of crude oil as a thick, black liquid that is used to source…
