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RelaDyne LLC
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Lard Oil Company
The Lard Oil Reliability Services team was called to a liquified natural gas plant in Louisiana that was experiencing varnish concerns in their new turbines. After conducting initial MPC test on 5 GE Frame 7EA Gas Turbines and reviewing the results, our team determined that all 5 units showed signs of significant varnish. Based on initial MPC values, the turbines would have required an early shut down, causing in unplanned downtime and missed revenue, to resolve this issue. But, as a solution, Lard Oil and Mobil™ engineers recommended utilizing Mobil™ Solvancer® in the reservoirs to help combat the varnish in an efficient manner. Following this, subsequent testing showed MPC levels dropped from ranges of ~35-26 to ~2 across all 5 turbines. As a result of this, the LNG facility saw: - $74 MILLION in REVENUE IMPROVEMENT - 168 HOURS in EXPOSURE REDUCTION To view the full proof of performance, visit https://hubs.la/Q02v2sKk0.
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Coastal Chemical
Our success at Coastal Chemical is rooted in a culture of investment in our people and technology and a steadfast adherence to our five core principles and values. ✅Safety: Keeping each other safe through stringent standards and training. ✅Care: Creating a human-focused, service-driven culture. ✅Excellence: Striving to achieve excellence in all that we do. ✅Clarity: Cutting through the confusion ✅Trust: Fostering an environment of trust through integrity and respect
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Gregory Emmenis
Storage Terminals Magazine: Dear moms, you are the heart and soul of our lives. Your love, support, and sacrifices never go unnoticed. On this special day, we want to express our deepest gratitude for everything you do. Happy Mother's Day! You are truly cherished and loved 🥰 From the whole family at Storage Terminals Magazine ❤️ #storageterminalsmagazine #tankstorage #oil #chemicals #gas #tankterminals #bulkliquids #tanks #storagetanks #storageterminals #liquids #storageterminalsmag #news
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Pietro D. Pitts
This one is in front of the paywall, so enjoy. A #proxy vote related to the proposed merger between Chevron Corp. and Hess Corp. is coming up on May 28, and #Hess’ position offshore #Guyana has shareholders split. Chevron’s $53bn all-stock offer for Hess will allow #Chevron to add assets in the U.S. GOM, offshore SE #Asia and in the #Bakken. But Hess’ 30% interest offshore Guyana in the prolific #Stabroek Block is arguably the most important asset. #latam #exxon #cnooc https://lnkd.in/gR-kbSYp
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Clint Mason
Just pondering.. The industry I have worked in my entire life has contributed to the success and development of this country, i.e., Canada, in immeasurable ways. While I recognize that there have been past mistakes and poor practices, still room for improvement, most of these are well in the past and still improving daily. Today, our focus and goals as an industry are to provide the energy we need while working to provide a cleaner and a sustainable future. Beyond nuclear, there is no energy source that has a weight density to BTU output on this planet like hydrocarbon or portability. There is one clear fact: if we did not have this abundant source of very portable energy at our disposal, the human species would still be knee-deep in muck, dying of what’s now, basic healthcare treats and navigating massive food shortages. The amazing thing about this abundant energy, is it has literally allowed us to have the time to think about things other than just staying alive - medicine, innovation, space flight, basic hygiene like running water, in a big way, all thanks to abundant energy. People’s memories are short, and their research skills even shorter. But less than 100 years ago, most people did not have refrigerated storage, foodborne illnesses were a leading contributor to death and disease, and there was no abundance of fresh foods like vegetables and fruits unless it came canned or pickled most of the year. People also forget the per capita consumption of high carbon intensity raw heat and fuel sources like coal and wood had the skies of cities like Vancouver choked with grey smog and smoke - times so thick you couldn’t go outside and breathe, well beyond anything that happens today even with the significantly larger populations. We are indeed blessed with this energy abundance and blessed with an industry that will continue to innovate and strive to create the most efficient, clean, and sustainable energy source available. I am always disappointed when we, as an industry, are vilified, our federal government has failed everyone and truth be told most of the blame lies not with the industry but with unchecked consumerism where thousands of ship cross the oceans daily so we can have wander down to any corner and buys all the cheap doodads from overseas convenience. These are the issues we could be addressing, building stronger local supply, providing “affordable energy” to create a competitive local economy would undoubtedly reduce environmental concerns. But I guess out of sight out of mind or not in my back yard mentality is the government shell game they play. But, on our part, the industry is a significant contributor to the GDP and funds a large portion of all the things we take for granted today. Proud to be one of the few that can say…” I’m one of those people that have contributed to our nation's success, through production of energy….
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Hart Energy
Diamondback Energy stands as a premier independent oil producer in the U.S., boasting prime Permian acreage across the #Midland, #Delaware, and #Central #Basin. Last year's production hit 263,000 bbl/d, with a projected 2024 full-year guidance of 275,000 bbl/d. February saw Diamondback's announcement of a $26 billion merger with Endeavor Energy Resources, LP, expanding their net #Permian acreage to 838,000 and potentially elevating combined production to 816,000 bbl/d. Don't miss this operator spotlight featuring Kaes Van't Hof, President and CFO of Diamondback Energy, where you'll gain insights on: • The Endeavor merger's strategic benefits from an insider's perspective. • Analysis of the merger's implications for Diamondback. • Diamondback's operational roadmap for 2024 and beyond. • Potential future M&A prospects. Register now to secure your spot! https://ow.ly/wjsF50R9uVa #SUPERDUG24
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1 Comment -
Ray Sharpe
Funny how many articles about supply and demand, price, discovery, production, tax policies, etc., use a picture of a drum (barrel) to communicate the idea of crude oil. No one stores crude oil in drums or barrels. Only finished products tend to be kept in (usually 55 gallon) steel drums. Crude oil is usually only found in flow lines, steel or fiberglass stock tanks, pipelines, tank trucks, tanker ships, or refineries…never in barrels… A barrel of oil is simply a measurement of 42 gallons of the useful stuff, which 100 years ago or more was transported by horse drawn carts in whiskey barrels!
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Michael Miller
Tired of constantly spending money on temporary leak repairs for your tanks and vessels? Our Forge bonding process offers a long-term solution that eliminates the need for those costly band-aid fixes. Learn more about how Forge bonding can save you time and money: https://bit.ly/3HUIFnV #forgebonding #avoidtankdowntime https://bit.ly/3Vs24Cp
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Gregory Emmenis
Storage Terminals Magazine: Congratulations to Arthur Hilton Terminal Supervisor from Energy Transfer for winning an exclusive interview in Storage Terminals Magazine. SPINNING IS WINNING! Everyone is a winner with Storage Terminals Magazine Visit booth #105 to have your turn! #storageterminalsmagazine #tankstorage #oil #chemicals #gas #tankterminals #bulkliquids #tanks #storagetanks #storageterminals #liquids #storageterminalsmag #news
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SFM Reliability Solutions
Close the gap between current practices and optimal performance with SFM Reliability Solutions. Our gap analysis fine-tunes your lubrication program for peak efficiency. Connect with us at 281-766-3455. #SFMReliability #GapAnalysis #PerformanceTuning #LubricationProgram www.sfmreliability.com
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Nathan Carrell
Great to see this. If you aren’t a senior executive this rule applies to you. Too many companies like to use non-competes as ways to tie up employees in many industries. They are used in conjunction with stock grants and other compensation to make them more ‘enforceable’. Hopefully this withstands court challenges. Workers, especially those with specialty skill sets tied to one industry, and those without a college education, need options to move between companies freely. Without this, many companies including some in Oil Field Services, put these on a broad group of employees and use threats, cease and desist letters and lawsuits to deter employees from going to the competition even if they themselves as companies are compensating or treating employees below the average in their industry. A small stock grant one time for a maintenance worker or supervisor without an education shouldn’t give a company the right to restrict their future earning potential. I’m proud to work for Kirby Corporation (Stewart & Stevenson, United Holdings, Kirby Marine, and others) where we treat our employees fairly and equitably and don’t require non-competes. This should be how all companies behave. Treat your employees right and they won’t leave.
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Gregory Emmenis
Storage Terminals Magazine: I mean who doesn’t love a group selfie 🤳😃📸 Great time at this year’s Petrochemicals Global Logistics Convention (PGLC) and LOVED seeing all the massive storage tanks today. #storageterminalsmagazine #tankstorage #oil #chemicals #gas #tankterminals #bulkliquids #tanks #storagetanks #storageterminals #liquids #storageterminalsmag #news
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Jeff Krimmel
We know US oilfield employment is historically low. One important reason? Wages are down. I’ve posted a couple of times about historically low US oilfield employment, specifically relative to crude production. We see it across all oilfield sectors, not just on the “extraction” side where E&P consolidation lands. In the chart below, we’re looking at inflation-adjusted average hourly earnings. The green line on top is for the extraction sector. The gray line on the bottom is for support activities. The units are 2023 US dollars. We see that extraction wages are 18% below their peak value from May 2020. Support activities is 5% below its peak from October 2019. If you follow my analysis, you know how hard oil & gas management teams are working to transfer cash to shareholders via dividends and share repurchases. This is one important source of cash – suppressed employee wages, which have not kept up with the wave of inflation that materialized starting in 2021. It’s also not a shock to see extraction wages down much more than support wages. Consolidation is hitting extra hard on the E&P side. If you’re trying to drive a fraction of your workforce away, keeping wages on the low side of their historic range is one obvious approach. There’s one silver lining here. We know US oilfield employment intensity is historically low. That would be even more problematic if wages were relatively high. That would be a sign that the industry simply doesn’t have access to the workforce it might need to expand materially. This combined picture of wages with employment intensity confirms that these relatively low employment levels are by design. Wages have been brought down to account for the fact that there’s less labor demand across the industry. And with my post on Monday about now seeing 3 straight months of US drilling rig count declines, we shouldn’t expect this picture to change in the immediate future. #energy #oilandgas #ksg
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7 Comments -
Michael Miller
Did you know that shutting down a tank can lead to huge avoidable costs for your company? Our latest article explains how you can save money and time by using our Forge Bonding process to repair your tank without shutting it down. https://bit.ly/3M6XRkg #forgebonding #avoidtankdowntime https://bit.ly/3Vs24Cp
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Steve Reese
Paul Foster Sleeps Well in El Paso Weather temps in El Paso, Texas, today are expected to breach the 103° mark. Nothing out of the ordinary here when summer says “howdy” to West Texas and her Permian oilfields. El Paso is where billionaire oil tycoon Paul Foster lays his head at night. He was born here after all, and today the sprawling city is marked with his name on two college campuses, a downtown building, and a boutique hotel. From roughneck to refiner to oil and gas producer and investor, Foster has continued to demonstrate a Midas touch. And now the Permian E&P he co-founded just six years ago is looking like a cool dip in the pool for Delaware buyers. Reese Energy Consulting today is following the latest news on Denver-based Franklin Mountain Energy (FME), one of the largest privately held oil and gas producers in the N.M. Delaware. Following the 2017 sale of his El Paso-based Western Refinery for $5.8 billion, Foster—the founder and CEO of Franklin Mountain Investments—took only a hot minute before launching FME along with six partners in 2018. This time, diving back into the oil and gas biz as a self-funded E&P for the first 33 months with a decided mantra to not go public or invite outside investors. Instead, FME was all about finding the right asset and taking it from there. And, boy, did they find it. The newcomer to the Delaware—which no one had ever heard of—gobbled up 4,041 Delaware acres at a 2018 BLM auction. Two weeks later, FME acquired OneEnergy Partners, adding another 4,280 net acres. What began with production of 50 BOED at a then-$38 per barrel has now become 50 MBOED. The Midas Touch Man whose name is firmly etched in El Paso is now hardly a secret behind Franklin Mountain Energy—said to be among the latest Permian acquisition targets and a fine fetch in the $3 billion range. Sweet dreams, Mr. Foster. What do you think? Learn more about REC and our Permian oil and gas consulting services at https://lnkd.in/ebXT2mS. #Energy #acquisitions #reeseenergyconsulting
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The Wireline Group
As America's leading oil region, the Permian's production growth and potential are continuously soaring. 📈 Goldman Sachs and EIA forecast robust growth, with the Permian leading U.S. oil production. Increased rig productivity and proximity to Gulf Coast terminals ensure continued success. 🔋 Investors should watch EOG Resources (EOG), Diamondback Energy (FANG), ExxonMobil (XOM), and Matador Resources (MTDR) as they drive significant value in this thriving region. 🗓️ Read the news: 👉 https://lnkd.in/gAU5PKnz #PermianBasin #OilAndGas #EnergySector #EOGResources #ExxonMobil #DiamondbackEnergy #MatadorResources #InvestmentOpportunities #OilProduction #EnergyEfficiency #MarketGrowth #StockMarket #InvestmentStrategy #EnergyInvestments #OilIndustry
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Wellhead Systems Inc.
As America's leading oil region, the Permian's production growth and potential are continuously soaring. 📈 Goldman Sachs and EIA forecast robust growth, with the Permian leading U.S. oil production. Increased rig productivity and proximity to Gulf Coast terminals ensure continued success. 🔋 Investors should watch EOG Resources (EOG), Diamondback Energy (FANG), ExxonMobil (XOM), and Matador Resources (MTDR) as they drive significant value in this thriving region. 🗓️ Read the news: 👉 https://lnkd.in/gAU5PKnz #PermianBasin #OilAndGas #EnergySector #EOGResources #ExxonMobil #DiamondbackEnergy #MatadorResources #InvestmentOpportunities #OilProduction #EnergyEfficiency #MarketGrowth #StockMarket #InvestmentStrategy #EnergyInvestments #OilIndustry
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