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Frost & Sullivan: North America Transitions to Electrification

NGT News

Frost & Sullivan’s recent analysis of the market for electric motors in North America forecasts that sector revenues will witness steady growth between 2019 and 2024, increasing at a CAGR of 3.5% The transition from engines, turbines and hydraulics to electric motors and increasing automation of industrial tasks are […].

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BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. It also builds upon BP's previous work on the Kirkuk fields from 2013 to 2019. The company was originally part of the consortium that discovered oil in Kirkuk in the 1920s.

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Iraq Approves Strategic Tank Farm and Industrial Island Project

Iraq Business News: Oil & Gas

The Iraqi Council of Ministers has authorized the Ministry of Oil / Basra Oil Company (BOC) to sign a non-binding Memorandum of Understanding (MoU) with Aurasyia Scope Group Oil & Gas UK LTD for a tank farm and industrial island project. Ltd,Aurasyia Scop Group Oil & Gas UK Limited, and Scop Oil & Gas (UK) Limited.

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EPA to Improve Oil and Gas Sector Air Emissions Data in Response to Inspector General’s Report

The Energy Law

Environmental Protection Agency (EPA or Agency) committed to improving air emissions data for the oil and natural gas production sector. EPA made this commitment in response to the Office of Inspector General’s February 20, 2013 report, “EPA Needs to Improve Air Emissions Data for the Oil and Natural Gas Production Sector” (pdf) (Report).

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ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

Of the 10-13 oil-bearing layers in the basin, the company is currently developing only 7-8 layers , leaving room for enhanced resource recovery. Unlocking the Permians Untapped Potential The Permian Basin remains a critical driver of U.S. energy production, contributing 6.26.3 MMbpd , which is nearly half of the country’s total output.

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How to Read a Cash Flow Statement in a Reserve Report – Part III

CG&A

Warning This article and series is specifically targeted for anyone involved or interested in oil and gas reserves reporting guidelines, methods, issues, calculations and pitfalls. Proceed at your own risk! In addition, our plots include summary production, reserves and economics values at top right that match the cash flow page.

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Collaboration: Key to the first multicloud blockchain deployment

IBM: Oil & Gas

We create software solutions for participants in the oil and gas supply chain — the producers, suppliers and retailers who move bulk liquids like crude oil, natural gas liquids and derivatives like natural gas, propane, butane and more. At the end of the day, selecting the IBM Blockchain Platform was a no-brainer.