Bloomberg Markets - Drillers Remove Five Rigs From Service in American Oil Fields

Drillers Remove Five Rigs From Service in American Oil Fields

U.S. crude posts weekly loss for first time since mid-December International Energy Agency warns of 'explosive' U.S. growth U.S. oil explorers shut down rigs this week as concerns mounted that American drilling has expanded too much too quickly. Working rigs drilling for crude in the U.S.

To Embrace Digital, Water Needs to Tackle Fundamentals - Automation World

To Embrace Digital, Water Needs to Tackle Fundamentals

In the early days of David St. Pierre's career in process control, he had plenty of exposure to old pneumatic systems and single-loop controllers-by the late 1970s in oil refining, there were banks and banks of single-loop controllers. Not unlike what control software does today in a digital format, those controllers had to be precise.

Bloomberg Markets - Options Traders' `Butterfly' Bets Signal Oil Rally Not Over

Options Traders Place `Butterfly' Bets That Oil Rally Not Over

Options trading is signaling that the longest rally in U.S. crude oil since December has a few dollars to go. Volume in West Texas Intermediate call options, which give the holder the right to buy crude in the future at a set price, surged on Tuesday to the highest since March.

Energy Business Review - API: Oil And Gas Drilling Sees 35% Increase Over 2016 Levels

API: Oil And Gas Drilling Sees 35% Increase Over 2016 Levels

Published 07 April 2017 American Petroleum Institute (API) has announced that estimated total wells drilled and completed in the first quarter of 2017 saw an increase of 35 percent compared to the first quarter of 2016. This is a drastic improvement from 2016 levels which saw a 59% decrease in total wells drilled and completed from the previous year.

Automation World - How Automation Can Measurably Boost U.S. Industry

How Automation Can Measurably Boost U.S. Industry

There's rarely a shortage of ideas about how to boost industrial growth and innovation. Most such discussions, however, typically spring from a personal, anecdotal, or industry-vertical point of view. To get a broader perspective and determine the most beneficial areas of focus for specific, quantifiable improvement, the National Institute of Standards and Technology (NIST) analyzed data collected through extensive interviews and surveys with researchers, developers, manufacturers and other stakeholders.