ISO 55000 is an international standard that helps enterprises actively manage their assets. It provides a systematic and comprehensive strategy to improve asset performance, reduce risk, and maximize value in order to achieve organizational goals. The goal of ISO 55000 is to broaden the definition of asset management to encompass human assets, physical assets, and […]
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The American Petroleum Institute (API) on Sept. 9 said a recent federal court decision could imperil new and existing oil and natural gas exploration and production in the Gulf of Mexico.
Storage tanks are widely used in the petrochemical sector to hold diverse compounds from upstream, middle, and downstream processes. To avoid potential threats to human life and the environment, these tanks must be safe, well-maintained, and in compliance with industry standards. This is where the API 653 standard comes into play. API 653 specifies the […]
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Eni is ready to begin construction pending remaining approvals on the proposed project to convert an idled conventional crude oil refinery in Livorno, Tuscany, into the country’s third biorefinery.
**Navigating the Energy Transition: How Oil and Gas Companies are Securing Clean Energy** The U.S. electric grid is facing unprecedented demands, driven by increasing commercial electricity consumption in states like Texas, Oklahoma, and North Dakota. This surge in demand has oil and gas companies scrambling to meet their energy needs, pointing to a pressing…
Understanding Drilling Operations in the Oil and Gas Industry Drilling operations form the backbone of oil and gas extraction, serving as the primary method for accessing subterranean reservoirs of hydrocarbons. This article provides a comprehensive overview of the essential concepts and principles of oil well drilling. You will learn about the drilling process, the different…
Maintaining material integrity is critical in both the industrial and engineering fields. In the Main sector, API 571 contributes to a full understanding of the sources of damage processes that cause and risk equipment performance and safety. That is the primary purpose of API 571. What Is API 571? API 571 “Damage Mechanisms” is a […]
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API 653 is a standard developed by the American Petroleum Institute (API) that guides the inspection, repair, alteration, and reconstruction of aboveground storage tanks (ASTs) used to store petroleum, chemicals, and related materials. The standard addresses various aspects of AST maintenance, such as minimum inspection intervals, inspection techniques, and repair approaches. API 653 is commonly […]
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What are Mud Tanks? Mud tanks are large steel containers designed to store and circulate drilling fluids (often called “mud”) in the oil and gas industry. Drilling fluids are essential for cooling the drill bit, carrying rock cuttings to the surface, and maintaining pressure in the wellbore to prevent blowouts. This equipment is a critical…
The decision to authorize New Fortress Energy to export LNG does not mean the Biden administration’s LNG export pause is over, a DOE spokesperson told Oil & Gas Journal.
