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Oil increases 5% as cold weather lifts demand

2016-01-22 01:00:00| Offshore Technology

The price of Brent crude has increased by 5% after cold weather in the US and Europe lifted demand for heating oil.

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Turkmenistan increases oil production

2015-10-14 11:56:06| Oil & Gas - Topix.net

The oil production in Turkmenistan stood at 9.76 million tons in the first nine months of 2015, or almost 600,000 tons more than in the same period of 2014, said the message from the country's Ministry of Oil and Gas Industry and Mineral Resources. The significant increase in the production volume of hydrocarbon feedstock is a result of several factors, said the ministry, adding that large volumes of investments are annually made in the technical re-equipment of the enterprises of the domestic fuel and energy complex, as well as for purchasing equipment, materials and specialized equipment.

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Resin-Coated Proppant increases production of oil and gas wells.

2015-10-06 14:31:07| Industrial Newsroom - All News for Today

With optimized conductivity and strength, InnoProp® Python RCS (Resin Coated Sand) prevents proppant flowback to well-bore. Use of U.S. Silica White® sand promotes quality and consistency, and product does not sacrifice quality for performance. Available in all mesh sizes utilized in frac designs, this proppant is recommended in all formations with net closure stresses up to 10,000 psi.

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US oil and natural gas rig count increases by 2 to 859

2015-06-27 20:06:32| Oil & Gas - Topix.net

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 859, the first weekly gain since December. Houston-based Baker Hughes said Friday 628 rigs were seeking oil and 228 explored for natural gas.

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Oil increases slightly to above $65 on Yemen air strikes

2015-04-24 01:00:00| Offshore Technology

The price of Brent crude oil increased slightly to above $65 a barrel today on concerns over the security of Middle East oil shipments due to renewed air strikes in Yemen.

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