Oil Gas Industry Oilfield Products

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The Impact of Global Politics on the Oil and Gas Industry

 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. …

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The Future of Oil Rig Platforms and Production

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 …

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North and South American Oil Rig Production

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 …

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