Articles from November, 2014

The U.S. may expand its offshore drilling capabilities.
November 25, 2014- Equipment News - Industry News - Product Trends

Keystone goes down, but plenty of options for the industry remain

The U.S. Senate voted down the proposed Keystone XL pipeline 59-41 on Nov. 18, falling one vote short of the necessary 60 to move forward, according to the Associated Press.

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The U.S. is expected to be energy independent in a matter of years.
November 18, 2014- Equipment News - Health & Safety News - Industry News - Product Trends

Majority of industry insiders believe U.S. will be self-sufficient in 5 to 10 years

A new survey from Deloitte indicated in the past two years, there has been a 150 percent increase in the number of oil and gas executives who believe energy independence is only 5 to 10 years away.

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The Keystone pipeline will connect Canada to the Gulf of Mexico.
November 14, 2014- Equipment News - Industry News - Product Trends

Future of Keystone pipeline uncertain

After the November elections shifted the balance of power in Washington, one longstanding issue has quickly been pushed to the forefront of public debate one again.

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Drilling in the U.S. is here to stay.
November 12, 2014- Equipment News - Industry News - Product Innovations - Product Trends

Don’t expect drilling to slow down anytime soon

For the second week in a row, gasoline prices are below $3, according to the U.S. Energy Information Administration.

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Fracking in Illinois is projected to begin soon.
November 11, 2014- Equipment News - Health & Safety News - Industry News - Product Innovations - Product Trends

Key vote paves way for Illinois fracking

After more than a year of hammering out compromises amongst lawmakers, the Joint Committee on Administrative Rules (JCAR) agreed on fracking rules, which will go into effect Nov. 15, according to The Associated Press.

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Colder weather is expected next week.
November 10, 2014- Equipment News - Industry News - Product Trends

Natural gas storage ahead of estimates

As the natural gas injection period ended last week, total natural gas supplies finished higher than expected, according to the U.S. Energy Information Administration’s weekly report.

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LNG exports will boost gas shipments abroad.
November 7, 2014- Equipment News - Industry News - Product Trends

Oil and gas industry to keep growing in near future

Though some drillers and investors are worried about the effect of declining oil prices, the overall outlook for the oil and gas industry is a positive one, according to RigZone.

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Eagle Ford production is expected to increase.
November 6, 2014- Equipment News - Industry News - Product Trends

New pipeline and terminal to expand Eagle Ford’s capabilities

A joint venture between Enterprise Products Partners LP and Plains All American Pipeline LP will begin constructing a new terminal and expanding the pipeline capacity from the Eagle Ford shale formation in Texas, according to the Oil & Gas Financial Journal.

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Oil prices have dropped considerably in 2014.
November 5, 2014- Equipment News - Industry News - Product Innovations - Product Trends

Drillers carry on despite lower oil prices

The oil industry has been experiencing  a dramatic change in the last few months, as oil prices have continued to fall with little sign of letting up.

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The number of rigs increased the past week in the U.S.
November 4, 2014- Equipment News - Industry News - Product Innovations - Product Trends

Rig count up, prices down

As drilling companies continue to react to current market demands, the rig count for the week ending Oct. 31 increased by two, according to Baker Hughes.

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