The hydrogen sulfide house of cards

By James O’Dwyer In the definition of management of change (MOC), three fairly significant groups of standard changes have debuted for 2017, here’s a snapshot. The American National Standards Institute (ANSI) has updated their 2010 revision of the Z390.1, “Accepted Practices for Hydrogen Sulfide (H2S) Training Programs” for 2017. The…

Department of Energy to Invest $30 Million to Boost Unconventional Oil and Natural Gas Recovery

The U.S. Department of Energy (DOE) has announced the selection of six projects to receive approximately $30 million in federal funding for cost-shared research and development in unconventional oil and natural gas recovery. The projects, selected under the Office of Fossil Energy’s (FE’s) Advanced Technology Solutions for Unconventional Oil and Gas Development funding opportunity,…

Moody’s: Global oil industry to focus on disciplined investment, M&A for growth in 2018

Oil prices will remain at $40-$60 per barrel in 2018 despite the extension of OPEC-led production cuts through the end of the year, Moody’s Investors Service says in its 2018 credit trends report for the global oil and gas industry. Higher prices within or above that range will see supply…

US leads the top ten countries by crude reserves, says GlobalData

Unconventional oil reserves across the top 10 countries* stand at 9.2 per cent (45.8 billion barrels), oil sands reserves stand at 6.7 per cent (33.3 billion barrels), and heavy oil represents 4.5 per cent (22.2 billion barrels) of all remaining reserves, according to GlobalData, a leading data and analytics company. The…

Moody’s: Slow recovery in energy led by growing production of oil and natural gas

The energy industry will continue its slow recovery as upstream companies increase production, helping the midstream and services sectors as well. Excess supply will continue to dampen oil prices in the coming year, Moody’s Investors Service says in its 2018 outlook for the global oil and gas sector. Natural gas…

Petroteq Energy announces membership in American Petroleum Institute

Petroteq Energy Inc., a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announced today that it has joined the American Petroleum Institute (API). The API is the only national trade…