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Oil Industry currently in Texas

November 17, 2022

A few years after the price of oil fell below $0 a barrel, dusty and hot Texas, USA, is once again a prosperous state. Only this time, the push comes from private operators, not listed companies. Better access to financing and strong demand for oil have paved the way for private producers, most of whom are backed by private capital or family fortunes, to ramp up production in West Texas and southeastern New Mexico. Today, Texas hotels are at full capacity and the fields around the city of Midland of 140,000 have 50% more oil rigs. Phone: +18328000266, https://houstonusaoiltech.com/ E-mail: info@houstonusaoiltech.com #oilindustry #oil #hydrocarbons #oilandgas #oilgas #houstontx #houstontexas #houston

 

 

 

 

Emerging trends in the oil and gas industry are making the industry more efficient, safer and smarter. To this end, companies are looking for ways to digitize, automate, and solve complex underground engineering challenges efficiently and competitively. For example, AI algorithms provide a competitive advantage and allow oil and gas companies to increase the productivity of fields or wells, and a current and interactive website allows the presence and gain of digital brand reputation.

Emerging Technologies in the Oil Industry

 

October 09, 2022

 

Oil and gas companies are increasingly using technology to address inefficiencies in their buildings and facilities and improve energy management. However, to make a significant contribution to energy efficiency, industry must increase investment. The International Energy Agency estimates that spending on energy efficiency in 2021 was about 300,000 million dollars. So, investing in new technologies is important in this sense in the oil industry, whether in better and more interactive websites, weekly or daily active social networks, more information to potential customers, among other actions.

 

StartUs Insights conducted a 2022 survey of more than 2,500,000 scalable startups around the world to gather insights on working with big data and an AI-powered discovery platform. So, StartUs Insights Discovery Platform provides a comprehensive overview of the 10 emerging technologies in the field and identifies important new ventures and expansions: Internet of Things, Artificial Intelligence, Big Data & Analytics, Robotics & Automation, 3D Modeling & Visualization, Cloud Computing , Augmented & Virtual Reality, Manufacturing Execution Systems, Predictive Maintenance and Blockchain.

Positive Prospects for Oil in 2023

September 13, 2022

World oil demand in 2023 will continue to grow to 101.8 million barrels per day: The International Energy Agency (IEA) raised its forecast for global oil demand growth in 2023 by 200,000 bpd.
According to the International Energy Agency (IEA), global oil demand will reach a record 101.8 million barrels per day (bpd) in 2023, despite rising crude prices and weak oil producers. .
On the other hand, in a monthly report, OPEC forecast that world oil demand will continue to grow in 2023, but at a slightly slower pace than in 2022, as consumption is supported by better control of the world economy, due to control of the COVID-19 pandemic and global economic growth remain strong.
So OPEC predicts that global oil demand in 2023 will grow by 2.7 million barrels per day (bpd). Phone: +18328000266, https://houstonusaoiltech.com/ E-mail: info@houstonusaoiltech.com #gas #houstontx #oil #houston #oilandgas #houstontexas #oilgas #oilindustry

 

 

 

 

Oil storage tanks

August 29, 2022

They are structures created to store strategic reserves in case of shortage or shortage, supply is never considered higher than demand. In general, the construction of these tanks is carried out on the ground and they have pumps that extract the oil from the pipes, reaching the total capacity of the tank. On the other hand, there is another pipeline that leaves these storage tanks and is responsible for transporting the crude oil to the refining centers. Phone: +18328000266, https://houstonusaoiltech.com/ E-mail: info@houstonusaoiltech.com #gas #houstontx #oilandgas #houstontexas #oil #houston #oilgas

 

 

 

 

Next Generation Valves in the Oil Industry

August 25, 2022

As the oil industry grew and became increasingly competitive, with exponential technological development and the introduction of new materials, companies found it necessary to implement new equipment and materials, designed to be durable and resistant to various items used in industry. The demand for robust valves designed specifically for industries is increasingly important to meet safety and quality standards. For this reason, more and more companies investing in the creation of next generation valves have some additional skills to increase their reach in the market, using innovative materials and alloys, resistant to almost all elements, whether acid or alkaline.. Phone: +18328000266, https://houstonusaoiltech.com/ E-mail: info@houstonusaoiltech.com

 

 

 

 

Oil rebound in 2022

August 15, 2022

The forecast for oil demand in 2022 has been revised, and the change is positive, due to the gradual easing of lockdown measures now taking place in some countries and better-than-expected mobility in developed economies.
Oil prices have rebounded due to this more hopeful projection for oil demand compared to the previous ones, in addition to the fact that the change in the oil futures market is also contributing to a more optimistic outlook for the industry, for the coming months and years. Phone: +18328000266, https://houstonusaoiltech.com/ E-mail: info@houstonusaoiltech.com #oil #houston #gas #oilgas #houstontx #houstontexas #oilandgas

 

 

 

Looking at Oil for the rest of 2022

August 06, 2022

In a recent report, OPEC stood by its forecast that global oil demand would grow by 3.36 million barrels per day (bpd) in 2022, extending the post-crisis recovery into 2020. Looking ahead, developments Current geopolitical events and the uncertain progression of COVID in the second half of 2022 continue to present significant risks to the expected recovery to pre-pandemic levels. Inflationary pressures are expected to remain and it remains uncertain when geopolitical issues will be resolved, but oil demand is expected to reach healthy levels in the second half of the year.
OPEC expects world consumption to cross the 100 million bpd mark in the third quarter, in line with previous forecasts, and the 2022 average to reach 100.29 million bpd, the same as before facing the pandemic in 2019. An oil buying frenzy, fueled by supply disruptions and signs that the omicron variant is not as damaging as feared, has pushed some crude grades to multi-year highs, suggesting bullish momentum in the future.. Phone: +18328000266, https://houstonusaoiltech.com/ E-mail: info@houstonusaoiltech.com

 

 

 

 

War and opportunities, Venezuela and USA

July 23, 2022

A new major crisis has occurred since February 2022, triggered by the Russian-initiated war against Ukraine, affecting supply chains with potential but real negative economic and trade impacts and a significant increase in oil prices.
One of the countries that could benefit would be Venezuela, once classified among the main producers and exporters in the world, and consequently, the oil revenues that it would obtain would go to the Venezuelan State, which would have the capacity to allocate them to expenses and investments to stimulate the economic recovery of the country.
For its part, the complete lifting of the sanctions on Venezuelan oil by the United States would help reflect the ability to obtain profits in foreign currency in the long term, in order to maintain the necessary internal economic recovery and this cannot be done without creating an environment conducive to the development of private sector activities, so that it is sustainable and not circumstantial or temporary.
In any case, for the economic benefits to be substantial for Venezuela, it is necessary to maintain the necessary investments in the short, medium and long term. It will be essential to build and realize mutual trust between the United States and Venezuela. To move in this direction, it is necessary to overcome international political and geopolitical obstacles, which are not easy to predict at the present time, but if it is accepted that the dominant countries are motivated by economic interests, other phases of international politics and political interests that economically benefit the country in a win-win game between the parties.. Phone: +18328000266, https://houstonusaoiltech.com/ E-mail: info@houstonusaoiltech.com #houstontx #oil #oilgas #gas #houston #oilandgas #houstontexas

Houston USA Oil Technologies

Oil and future

July 15, 2022

As the global economy emerges from the pandemic and commodity prices continue their recovery path, it is clear that the oil and gas industry is in a momentous time of change.
Many experts have issued a bullish outlook for oil in the short and medium term, despite the headwinds posed by the pandemic. Even the normally conservative IEA has raised its oil price forecast for 2023, despite issuing a lackluster forecast for the rest of the year.
However, few experts have ventured to make forecasts about the long-term trajectory of oil. What awaits the big oil companies in 5, 10 or 20 years? A remarkable reinvention?
That will be seen in the future, but everything indicates that it will be very good news in the sector.

Houston USA Oil Technologies

USA and Venezuela

 

May 22, 2022

This season of life is full of surprises. Pandemic, war, and rapidly changing oil prices have had their impact on economies worldwide. Today, the United States and Venezuela are entertaining business dealings after more than fifteen years of division. Government officials and some of the biggest players in the world are working on a solution that could solve both country’s problems – Venezuela’s ailing economy and rampant inflation in the U.S. At Houston USA Oil Technologies, we look forward to the evolution of both countries, neighbors in the Americas, and to hiring professionals in all fields of the oil industry.

Global oil oversupply by early 2022 anticipated: EIA

November 14, 2021

Even as oil prices continue their upward momentum, the US Energy Information Administration is predicting an global oversupply situation as soon as the first quarter of 2022.

In its Short Term Energy Update, released Tuesday, the EIA said global oil consumption has exceeded production for five consecutive quarters and would continue to do so through the end of 2021. During the five-quarter shortfall, the agency said, total petroleum stocks among countries in the Organisation for Economic Cooperation and Development fell by 424 million barrels.

https://www.upstreamonline.com/production/global-oil-oversupply-by-early-2022-anticipated-eia/2-1-1096771

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