Last updateFri, 17 Aug 2018 5pm


Oil and Gas Industry's Costs of Doing Business Slide

The oil and gas industry’s costs of doing business are falling amid a pullback in activity and the global recession, according to a pair of indexes kept by IHS/Cambridge Energy Research Associates released Friday.


However, the decline in costs is much slower than crude’s swift fall from last year’s unprecedented three-digit highs.


Source: Houston Chronicle


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Flowserve, Dresser-Rand Dominate Oil & Gas Niches

There are many companies involved in all aspects of the oil/gas industries but very few gain a significant market dominance. Some achieve this by acquisitions of various significant companies. Referring back to the last oil/gas industry perspective re: automation companies, an example of such acquisition is Emerson Process Control acquiring Rosemount instrumentation which has extensive, and in some cases, an exclusive market within the industry.


Source: Seeking Alpha


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Maryland Awarded $122m in Stimulus Funds for Water Projects

Maryland will receive nearly $122 million in federal stimulus funds to help boost state water infrastructure projects and improve the Chesapeake Bay.


The announcement is expected to made tomorrow at Bladensburg Waterfront Park by U.S. Sen. Benjamin L. Cardin, a Maryland Democrat and chairman of the senate environmental and public works water and wildlife subcommittee. Other state officials will be on hand for the announcement.


Source: Baltimore Business Journal


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Atlanta Mayor Launches Hydrant Program

Atlanta, GA Mayor Shirley Franklin and the Department of Watershed Management announced Tuesday the launch a three year hydrant program.


The Valve and Hydrant Survey, Assessment and Testing program is designed to locate and test 48,000 water valves and 24,00 hydrants in the cities of Atlanta and Sandy Springs, and in unincorporated south Fulton County.


Source: Fox 5


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Oil, Gas Lies North of Arctic Circle

Russia stands to benefit greatly from untapped oil and gas reserves north of the Arctic Circle, U.S. geologists said.


Thirty percent of the world's untapped gas and 12 percent of its undiscovered oil lies in that region, U.S. Geological Survey researchers said in a paper published Thursday in Science magazine.


Source: UPI


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