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As many of our valued customers know, MSI Pipe Protection Technologies has a new home with National Oilwell Varco (NOV). We are extremely thankful for a successful first year as part of this world-class organization under the Tuboscope Company division. At the same time, we are thankful for all our customers and clients for their
Global players in the oil and gas industry understand one major thing… The political statements and public posturing of governments can directly impact their bottom line. From shipping lanes to supply and demand, every aspect of the market relies on the relationships and trade agreements countries and allies fostered after the 2nd World War.
In March 2018, President Trump placed a 25 percent tariff on imported steel. What is the likely impact of this steel tariff on OCTG and the oil and gas (O&G) industry? Discover more below with MSI Pipe Protection Technologies. Understanding Steel Tariffs To reduce the United States trade deficit, the Trump administration last year introduced
The U.S. Energy Information Administration (EIA) revised its forecasts for the last quarter of 2019 and the beginning of 2020. Despite oil and gas production increases, the Short-Term Energy Outlook (STEO) expects prices to trend down over the next few months. This is largely due to some recent production halts, trade war issues, and the
Operating and maintaining a productive well requires a stringent inspection regimen. Regular inspections help identify any issues relating to the integrity of the downhole equipment and drill strings prior to failure. As (OCTG) Oil Country Tubular Goods remain a considerable investment for drilling operations. Therefore, maintaining their integrity during the handling, storage, installation, and production
OCTG and drill pipe inspections are a vital part of the oil and gas industry. Therefore, regular and thorough inspections are necessary to make sure all equipment meets the criteria for the given job. Inspections also help to avert any future problems resulting from or contributing to damaged tubulars. Why Inspections Matter OCTG and drill
Drill pipe, tubing, and casing are all part of the family of seamless rolled products known as oil country tubular goods (OCTG). They are one of the biggest expenses for both onshore and offshore oil rigs and need to be properly protected during transport and storage. Why Safe Handling and Storage of OCTG is Important
Drill pipes are always a major investment when it comes to production. So, if a pipe breaks or sustains damage, the cost of added expenses to your investment can become catastrophic. To keep a drilling operation up and running, it’s essential the drill pipes are working optimally. A key way to do this is by
Offshore oil rig platforms are coming to terms with the impacts of the shale oil boom. Thus, producers are looking for new efficiencies in order to compete with their onshore counterparts. This drive is bringing new innovative technologies into the industry, which cuts down costs and increases production quantities. The oil price’s decline from four
With an unprecedented increase in US oil and gas production, the protection of industrial equipment and human resources remains a vital concern. Any Lost Time Incident (LTI) influences the bottom line. Consequently, as the market currently favors US producers, making every effort to avoid a production stoppage is critical. With high-quality pipe protection and handling
The recent geopolitical events in the Middle East will increase demand for oil rig production from both North and South America. The U.S. surpassed other world producers in December 2018, with Texas producing almost half of the approximately 11.5 million barrels per day. Similarly, while Venezuela traditionally leads South America in production, Brazil has stepped
US oil and natural gas production are currently experiencing an unprecedented era of growth. This is largely due to the Texas oilfield basins and new developments in the extraction technologies applied. With new extraction methods, the region has doubled its daily production over the last decade. With increases in the world’s demand for oil, higher