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New Drilling Announced By Norway

New Drilling Announced By Norway

On the 18th of May, 2016, Norway awarded ten new licenses to thirteen oil exploration companies in its 23rd oil licensing round. Among the selected companies that were given the green light to drill gas and oil in the new sites are two great UK oil explorers, mid-cap...

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Well Intervention Equipment

Well Intervention Equipment

Well Intervention Equipment On oil wells and oil rigs, the flaring up of fire is not something strange. People who work on oil wells have learnt to expect fires which is fire fighting equipment being on hand is so important. Fire extinguishing equipment, placement and...

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Slickline, Braided Line, and E- Line

Slickline, Braided Line, and E- Line

Slickline – single strand wire that is made of Mild steel. Sizes range from 0.072” to >0.125.” Braided Line – multiple strand wire braided to form a single cable that is also non-Conducting. Electric Line (E-Line) – this is a multiple stand wire armor cable around...

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Global Steel Wire Industry Report

Global Steel Wire Industry Report

The Global Steel Wire Rope Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Steel Wire Rope industry. Firstly, the report provides a basic overview of the industry including definitions, classifications,...

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RSS Oil News from Oil-price.net

  • Aramco's IPO and oil prices
    Whatever it is, you wouldn't want to be the oil minister of Saudi Arabia. Forget the exciting remuneration, you'll have to have thick skin, extraordinarily embittered at that, to wade over the thankless challenges. For one, the Kingdom shows all signs of nervousness. Over that, September's drone strikes on Saudi oil facilities wiped out half […]
  • Tar sand mining gaining force
    The picture above the ground: The Boreal forest of Canada, a unique blend of pristine forests, water bodies, and wet lands. The picture below the ground: Tar sands, a source of oil, spread across 138,000 km2 of land. About 4.3 million hectares of the said forest has tar sand deposits. And, one or rather both […]
  • Oil Contango and its Effects on Oil Prices
    A cold wave has engulfed much of Europe, the US and Northern Asia. The resultant freezing temperature has led to a thirty percent surge in the demand for heating oil. With it, the heating oil prices reached a thirteen month high last week. And today, the price of oil per barrel is the highest in […]
  • Oil Caused Recession, Not Wall Street
    This essay brings a new perspective on the subject of the article oil-price.net titled "Did High Oil Prices cause the Financial Crash?" which we published in November 2009. There is a lot of oil about. A lot left in the ground and a lot being produced. Amidst the contention, it is easy to overlook that […]
  • Are Canadian Tar Sands Profitable?
    In order to ascertain whether Canadian tar sands are profitable, we need to understand exactly what they are. Tar sands are mixtures of naturally occurring clay and bitumen. Bitumen is a sticky tar like form of petroleum. However, bitumen is extremely thick and heavy and must be diluted before it can flow. As a consequence […]