by robertbensh | Jan 28, 2020 | blog, Oil and gas, Robert Bensh
Last year was a record year for the U.S. drilling industry. In 2019, the country’s drilling industry flared or vented more natural gas for a third year in a row. Most of the flaring and venting took place at production sites in North Dakota, New Mexico, and Texas. ...
by robertbensh | Jan 12, 2020 | blog, Oil and gas, Robert Bensh
While the oil and gas industry is unique in many ways, any businesses can benefit from the same core features of AI. If it can be measured, it can be documented. If it can be documented, it can be added to a database. And, of course, if it can be added to a database,...
by robertbensh | Jan 7, 2020 | blog, Oil and gas, Robert Bensh
New international oil shipping regulations and rising demand for crude in Europe and the Mediterranean drove oil freight rates up to record levels in late 2019, according to Reuters. US Gulf Coast Aframax crude tankers, which are medium-sized delivery ships, have been...
by robertbensh | Jan 5, 2020 | blog, Oil and gas, Robert Bensh
Despite rapid growth of oil production in the United States the past decade, an unexpected rise in mergers and bankruptcies are in the energy sector’s forecast. New drillers that entered the hydraulic fracturing (aka fracking) market in the 2010s are now facing...
by robertbensh | Dec 21, 2019 | blog, Oil and gas, Robert Bensh
The IEA, or International Energy Agency, is predicting that the United States of America will become a sustained net exporter of oil in 2020. This forecast by the IEA is based on information that was recently published in December of 2019. It is worthwhile to note...
