Trelleborg encourages people to share ideas while Technip provides an unforgettable virtual experience, just some of the OTC show floor attractions.
One recent report found that taxpayers may lose more than $800 million in revenue over the next decade due to venting and flaring on public lands if no action is taken.
Diversification requires developing industries which have nothing to do with the extraction of oil and spending of oil-related revenue.
The company’s charitable foundation has awarded over $45 million in grants with more funds going to the fight against malaria and Houston area flood relief efforts.
The meeting in Qatar on April 17 effectively pushed a reset button on the crude markets, putting the situation back to where the market was before hopes of producer discipline were raised.
Oil and gas companies are still cutting jobs to cope with lower profit margins as rig counts, production and drilling permits fall.
While a sustained rally may be a tad hopeful, a period of bouncing along the bottom with little rallies and pullbacks is a reasonable expectation.
Commodity prices may be holding the oil and gas industry’s attention. But companies should also keep eyes on this risk that never seems to go away.
Technology is expected to play a key role in helping companies make it through today’s tough times.
India’s imports of Iranian crude were 215,800 bbl/d in February, up a massive 111% from the same month a year earlier.
OSHA said it estimates the rule will save more than 600 lives and prevent more than 900 new cases of silicosis annually.
LNG companies have to find ways to establish a sustainable market that will create and maintain demand for their product.