GLG News by Oilfield Equipment Experts

The National Petroleum Council's draft report is the latest to sound the warning bells for a tightening global supply/demand balance for energy. Citing a potential global demand for oil thirty years out of 120 million barrels per day (MMBPD) versus current demand levels of 84 MMBPD, the beginning of...

The use of onshore windpower has made remarkable strides in the US where the proper conditions exist, for example, in Texas where windy conditions are endemic and where the body politic supports initiatives of this type. In contrast, the major US effort for offshore widnpower, the Cape Wind project...

Constituencies appear united in their desires to propel renewable energy sources-- Democrats, Republicans, the population as a whole. Yet the most popular form of renewable energy amongst those surveyed, Solar, has quantitatively less of a forecasted impact on rising electric demand then its green alternatives....

It was reported that last week inventories of natural gas rose 106 billion cubic feet ("BCF"), above the consensus forecast of 97 BCF. Over the past five years inventory build was tracked at 96 BCF and was 87 BCF in the same period last year. Inventories stood at 2.627 trillion cubic feet ("TCF"), just...

Against an official production ceiling of 25.8 MMBPD set in February, actual OPEC production in June is estimated to have totaled 26.6 MMBPD (the aforementioned being from the OPEC 10, which excludes Iraq and new member Algeria.)   OPEC is next set to meet on September 11, and decide whether to...

Non-OPEC production growth excluding Angola is expected to decline by over 200 kbd in 2007 and by over 750 kbd in 2008 putting additional pressure on crude supply. Of additional concern is that a great portion of that decline has come from areas far more politically stable than other major...

A quick look at the location of the ethanol plants will reveal that most are located in corn producing regions. That isn't particularly surprising. However, within those regions the majority of the ethanol plants are located as far from the river systems as possible. The reason for this is that corn...

If the goal of healthcare professionals (and our society at large) is to provide quality healthcare to an optimal number of patients, will PHR's increase or aid this ability?  That should be the only question we ask...the other concerns, though valid indeed, should not direct our path.

BP has signed an agreement to pursue various interests in Libya, including assets owned by the national oil company.

The analysis does a fine job of describing the good points of wind power. That's the "good" in the title. The "bad" is that just adding transmission capacity will not solve the real problem with wind which is that it is an opportunistic supply. In order to utilize it, every kilowatthour needs to...