Stamp of Approval

API certifications are an imperative to provide value added services to the oil and gas industry. The American Petroleum Institute (API) has been at the forefront of creating standards of excellence for the oil and gas industry. The institute is also responsible for creating the certifications that are provided to oil and gas drilling companies in America. The main purpose of these certifications is to ensure the safety of the workers, the reliability of the equipment, and environment protection. One of the most important certifications is the API 5CT. This certification highlights the specifications for the casing and tubing hanger components on wellhead equipment. The certification is extremely expensive to obtain as there are strict rules, and a thorough evaluation process...

Read more »

Charting New Territories

Great efforts in oil and gas exploration have led to a rise in the demand for oilfield equipment in USA. The oil and gas industry has seen many ups and downs over the last few years. But one thing that has remained constant is the demand for oilfield equipment in USA. Drilling equipment in particular has always been in demand. Despite a quiet phase in 2011, news of oilfield equipment manufacturers creating equipment for offshore and onshore rigs is coming up. There are many reasons behind this. One is the rising demand for premium rigs that are equipped for underwater drilling of 7,000 feet or more. Another reason is new oil exploration developments in known and unexplored parts of the world. Also, there is a growing demand for hydrocarbons, and high oil prices. Due to this huge demand,...

Read more »

Integrated Equipment - Ensuring Safety

Safety is always a major concern for all in the oil and gas industries. New innovations in the industry promise to simplify the whole process. A little more about these innovations are given below. Did you know that the oil and gas industry employs more than 9.2 million people in the US? It also pays approximately $86 tax to the Federal Government daily. This is how big the oil and gas industry is. But these facts cannot shadow the risky nature of the oil drilling industry. The major risk that is involved in the process is that of a total blowout. There have been many incidents wherein the blowout preventers failed to control the blowouts, which lead to grave consequences. The flammable nature of oil did not make the matters any easy. A renowned oil drilling company has come up with...

Read more »

You're Hired!

Oilfield equipment manufacturers are looking out for the best in the oil and gas business to add to their payroll. The American Economy may still be in the process of getting out of the recession, but this has not stopped the oil and gas industry from moving ahead. The industry has not been hit as hard as other industries. And now, the energy industry is hoping to increase the pay of employees by 3.6% next year. Companies also have plans to spend 17.8% of their payroll on bonuses. This will be a great opportunity for oilfield drilling equipment manufacturers. The word in the industry right now is 'grow'. Rather than relieving employees from their positions, many companies are actually bringing in more people, who would add to their talent pool. Many employees are changing jobs and moving...

Read more »

Creating History

After the celebration of the 153rd anniversary of the first oil well in the world, the oil and gas industry has another reason to celebrate; UAE is set to open its first oil and gas museum and ADIPEC. The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will feature this exhibition and it will be open for all the days of the exhibition. Visitors will be able to understand the journey of oil drilling industry in UAE from discovery to production; a part of the 1928 to 2000s timeline. The United States of America also boasts of such a museum, it is known as the Drake Well Museum. Located in Pennsylvania, the Drake Well Museum depicts the birth of the oil industry which took place in the 1859 in the US. A replica of the original oil well by Colonel Edward Drake is featured...

Read more »