Jan 28, 2020 (The Expresswire) -- Global Process Safety System in the Oil and Gas Industry report presents a comprehensive overview, market shares, and growth opportunities of Process Safety System in the Oil and Gas Industry market by product type, application, key manufacturers and key regions.

“Process Safety System in the Oil and Gas Industry” Market size report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. Process Safety System in the Oil and Gas Industry market analysis is providing international market research including growth history, competitive background analysis, and major regions’ development status. Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions.

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Jan 27, 2020 (Innovative Reports via COMTEX) -- Big Market Research has added a report, titled, “Oil and Gas Pipe Market” The report not only provides a comprehensive analysis of market overview and dynamics for the historical period, 2019-2220, but also offers global and regional forecasts on market value, volume production, and consumption during the future period, 2019-2220. The report also analyzes the key market players, especially the distributors, along with the industrial chain structure. The evolution of market trends is discussed along with the competitive landscape in various regions, which would help top and emerging market players to determine the lucrative investment pockets.

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The report begins with a brief introduction and market overview, in which the Oil and Gas Pipe...

Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services and midstream bankruptcies from the beginning of 2015 through 2019.

Over the entire five-year period, 208 oil and gas producers have filed for bankruptcy since Haynes and Boone’s Oil Patch Bankruptcy Monitor began tabulating E&P filings, involving approximately $121.7 billion in aggregate debt.

There was an initial wave of more than 100 bankruptcy filings in 2015 and 2016 as the oil price crash pushed some companies to the breaking point. As oil prices recovered somewhat after 2016, the number of filings declined to 24 in 2017 and 28 in 2018.

But the fourth quarter of 2018 saw a steep drop in oil prices, and that decline lingered into 2019. This resulted in a jump in the number of filings in 2019 back up to 42.

Of the 208 bankruptcy filings, Texas led the list with 94....

The past week has seen an array of stories touting the wealth and abundance being created by the U.S. oil and gas industry. At the same time, the industry is experiencing market factors that promise to limit how much more growth it will be able to create going forward.

ExxonMobil to refine the first cargo of oil from Guyana - The tiny nation of Guyana officially became an exporter of crude oil last Monday, as the Suezmax vessel Yannis P departed for the Port of Galveston, loaded with about 1 million barrels of Liza Light sweet crude. ExxonMobil (XOM), the operator for the consortium (which includes Hess (HES) and CNOOC) that has made a series of major discoveries on the Stabroek block offshore Guyana, said the oil would be processed in its Gulf Coast network of refineries.

As I have chronicled in a series of pieces over the last year, the oil produced by the consortium is projected to reach 750,000 barrels per day (bpd) by 2025, revolutionizing the...

Ouch! Ifo casts doubt on German economic turnaround. Business climate fall from Dec and came in at 95.9 below consensus of 97. More worryingly: Forward-looking expectations component slid even more markedly to 92.9 counter to forecasts that it would rise to 94.8. pic.twitter.com/zcQTb15UC0

Oil prices will remain depressed to trade in a narrow-range in the near-term despite Opec+ forecast that crude demand will increase by 1.22 million barrels per day in 2020 as oversupply, coronavirus and rising US oil rig counts are expected to keep the crude prices under pressure in near future.

Analysts believe that though the geopolitical tension between Washington and Tehran is receding, the issue of coronavirus, worsening with every passing day, will assert more pressure on oil prices due to less demand in world's second largest economy amidst travel warning across the Asian countries.

It is estimated that the Brent will trade between $60 to $65 a barrel as investors believe that geopolitical issues, coronavirus outbreak, US-China trade, slow global economic growth will keep oil price in tight range during the first quarter.

Plunging 2.2 per cent on Friday, oil has fallen 7.4 per cent last week to $60.69 on the weekend, its biggest weekly decline...

Jan 26, 2020 (The Expresswire) -- Automation Solutions in Oil & Gas Industry: Global Market by System Type, Operation Stage and Geography 2014-2023

The global automation solutions in oil and gas industry projected to rise at substantial CAGR during the forecast period 2014-2023. The factors influencing the market growth is increasing demand of oil and gas and increasing adoption of automation systems in oil and gas production. In addition, increasing involvement of IoT and big data analytics will positively impact the market growth over the forecast growth.

The increasing demand for crude oil is the major factor driving the market growth. The crude oil demand at global level is projected to increase to 101.6 million barrels/day in 2020 which was 99.3 million barrels/day in 2018. Developing countries are the major consumers of crude oil, hence large share of developing countries will continuously boost the market growth over the forecast...