HEAVY IRON NEWS

A new project in development in Oman may be able to revolutionize the way that people think about solar energy and oil and gas. The Miraah project currently being developed will use solar power in order to produce oil, thereby reducing the amount of natural gas Oman residences will need to rely upon. Ideally, the Miraah project will be able to address many of the outstanding issues with solar technology related to energy capture, while creating a more efficient and effective method of oil production.

Xodus Group, an international group of energy consultants, has now completed the first stage of its multiphase flow research project , and is now entering the second. Multiphase flow is designed to research, simulate, and predict how dynamic forces act within the piping that is commonly used throughout the oil and gas industry, for a better understanding of the technology's potential improvements.

Reports have revealed that two-thirds of the natural gas in the United States are now coming from fracking , thanks to the extensive shale gas resources and the proliferation of unconventional drilling throughout the country. Natural gas is increasingly being used throughout the globe as a more environmentally-friendly alternative to goal, and the domestic energy markets are seeing a significant reduction in utility costs.

As the oil and gas industry has been hard at work decreasing its oil production costs, the oil transportation industry has been similarly engaged. The need for oil transportation on a national and global level has been increasing alongside the need for oil throughout the world. As oil production ramps up in the United States, the old oil transportation methods have become insufficient and inefficient for the new volume of materials that need to be moved. New technologies are presently being developed to make it easier and faster to transport oil, thereby reducing overhead for the industry as a whole.

The Gulf of Mexico has been steadily increasing its oil production despite concerns regarding plummeting oil prices. In fact, production has increased enough that the Gulf of Mexico is expected to reach a record high in 2017. Many oil production companies and unconventional drillers have increased production throughout the United States rather than slowing down. Despite this, oil and gas remains a big and booming business.

As both crude oil and natural gas prices continue to drop, many oil and gas companies have been looking at ways to improve the effectiveness and efficiency of their oil and gas production. Rather than scaling back operations, companies are increasingly looking towards technology to reduce costs and thereby increase profits. Ambient seismic imaging is a new tool that could radically improve the process of discovery.

Though a significant number of North American companies may be pulling back on their oil and gas production, Ohio drillers are still going strong. In fact, a 96% increase in oil and gas jobs has been seen within the state of Ohio since 2011, with an average of 183,963 jobs being produced every year. So what makes the oil and gas industry so special and resilient? Why has it been able to survive when other states and countries have encountered difficulties? The answer lies both within Ohio's plentiful natural resources and the way that drilling has been approached and developed.

Despite the plummeting prices of both oil and natural gas, the future of the oil and gas industry still looks solid. To understand why requires some understanding of the global supply and demand within the oil and gas industry, in addition to the mounting outside pressures that are temporarily pushing prices downwards.

According to the International Energy Agency, the United States will lead the world in production gains by 2021. It's believed that both the United States and Iran will have tremendous production gains in both non-OPEC and OPEC countries , with Iran quickly increasing its oil production following the expiration of sanctions against the country's oil exports. Oil prices have been erratic throughout the globe, but this has done little to dissuade the advances made in the American oil industry, and has even improved upon efficiency throughout the oil and gas market.