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Top News In பெட்ரோலியம் உபகரணங்கள் சேவைகள் சங்கம் Today - Breaking & Trending Today

Trump Admin Bypasses Congress, Offers Backup Storage to Boost Troubled Oil Industry

DeSmog
Apr 9, 2020 @ 15:12
After Congress declined to allocate $3 billion of the recent economic stimulus package to fill the government’s emergency stockpile of oil, the Trump administration has taken its own steps to provide short-term relief to the U.S. petroleum sector.
The Department of Energy announced last week it would be making arrangements to immediately store 30 million barrels of oil in the Strategic Petroleum Reserve (SPR), a backup reserve created in the 1970s as a buffer against oil supply disruptions. Now, instead of supply shortages, oil markets are facing what consulting firm Rystad Energy is calling “one of the biggest oil supply gluts the world has ever seen.” ....

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Oil States International exec to step down, CEO to assume duties

Oil States International exec to step down, CEO to assume duties
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PESA and AESC combine to form Energy Workforce & Technology Council

PESA and AESC combine to form Energy Workforce & Technology Council
2/1/2021
HOUSTON - The Petroleum Equipment & Services Association (PESA) and the Association of Energy Service Companies (AESC) announced they will combine to create a new organization, the Energy Workforce & Technology Council.
The Council will represent more than 600 energy technology and services companies in the global energy supply chain providing solutions to enable a low-carbon future, safely, profitably, and sustainably. Industry-recognized workforce development opportunities through trainings, certifications, best-practice sharing and standards development from the legacy organizations of PESA and AESC will continue to be a flagship of the new Council. The organization will elevate and promote the vital role this sector plays in the economy, the innovative technology it develops and deploys, and its leading role in the energy transition. ....

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Weekly Oil And Gas Update: Natural Gas Demand And Production Expected To Decline This Year – Houston Public Media

January 21, 2021, 11:44 AM)
A pump jack operates in an oil field, Wednesday, July 29, 2020, in Midland, Texas.
Even though economic activity is expected to pick back as the coronavirus vaccine becomes available to the public, the Energy Information Agency predicts natural gas demand and production will be in decline through 2022.
The most recent short-term outlook from the agency says in 2020 natural gas consumption was down 2.5% from the previous year. The EIA expects consumption to fall by 2.8% this year, and 2.1% in 2022.
The largest natural gas-consuming sector in the United States is the electric power sector, the Outlook report reads, noting that the EIA estimates the power sector will consume 11% less natural gas this year than in 2020. EIA forecasts that higher prices for natural gas (compared with coal prices) for power generation and rising electricity generation capacity from renewable energy in 2021 will likely cause power sector natural gas c ....

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Lufkin Appoints Saeid Rahimian as CEO

Lufkin Appoints Saeid Rahimian as CEO
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MISSOURI CITY, Texas, Jan. 13, 2021 /PRNewswire/ Lufkin is pleased to announce the appointment of Saeid Rahimian as CEO effective January 4, 2021.
Mr. Rahimian is a proven leader with a demonstrated track record of success over thirty years in the oil and gas industry. In his most recent role as the CEO of Aereon, a global provider of vapor recovery systems, custom flares and low emission, engineered combustors, Mr. Rahimian led a successful merger of Aereon with Cimarron Energy. Prior to Aereon, Mr. Rahimian spent nearly four years as the CEO of Gardner Denver Energy Group, where he lead four divisions with 1,800 employees and manufacturing and service facilities on four continents. Under Mr. Rahimian s leadership, the business achieved exceptional growth and profitability and completed two highly-accretive strategic acquisitions. Mr. Rahimian began his career with ....

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