Oil Prices Hit High, Before Sliding, Amid Disrupted Supply Interruptions across the world and OPEC’s productions cuts buoy a beleaguered oil industry The Bashneft PAO oilfield, Russia. Oil-supply cuts and disruptions have coincided with healthy oil demand this year as the global economy enjoys a rare spurt of synchronized growth. PHOTO: ANDREY RUDAKOV/BLOOMBERG NEWS By : Georgi … Read more
Drilling Rigs There are many types of Drilling Rigs in the world today. Lets start by narrowing them down into at least two categories. We have offshore rigs and land rigs or onshore rigs. The picture above is an example of a land rig. This example is actually a National 2000 HP drilling rig that … Read more
Advanced Hydraulic Fracturing / Fracking What is Fracking or better yet, what is hydraulic fracturing? In the oilfield this is a term that is used often, it is clearly a process of doing something but it is also a term that is used in goods that are sold in the oilfield such as frack tanks. … Read more
By Giorgio Biscardini, Reid Morrison, David Branson, and Adrian del Maestro How energy companies can adjust their business models to a period of recovery. The character of Chuck Noland, played by Tom Hanks, says near the end of the film Cast Away, “…because tomorrow the sun will rise. Who knows what the tide could bring?” He makes this observation after … Read more