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Oil and Gas

Will Jet Fuel Surcharges be a Thing of the Past?

AirBlogPost

For some time, airlines have been using a pricing structure that included various surcharges. Fuel, security, and other surcharges served to help air carriers recover fluctuating external costs, like skyrocketing fuel prices or the added expenses tied to changing security measures. Miscellaneous fees have become familiar costs, but we’re on the cusp of a pricing structure shift.
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7 Questions: How Oil and Gas Companies Can Save on Transportation

Oil and Gas Supply ChainIf you can answer “no” to these questions, you can skip this blog post. Your supply chain is already a smooth-running machine. But if you answer “yes” to any of them, you may be making common supply chain errors that can dramatically increase transportation spending. Whether you are in exploration and production, transfer and storage, or refining, purifying, and marketing crude oil and natural gas products, here are some of the best places to look for your savings.

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6 Steps to an Optimized Oil and Gas Supply Chain

6 Steps to an Optimized Oil and Gas Supply Chain

Oil_and_Gas_infographic_2_5_15

With multiple freight handoffs, service gaps, and surging demands, global ceramic proppant manufacturers have one of the most complex supply chains in the oil and gas industry. But certain innovations in transportation and logistics are enabling these shippers to plan more effectively and manage risk. Other oil and gas companies can use similar innovations to streamline and optimize their own supply chains.
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Identify Cost Savings in Your Oil & Gas Supply Chain

Identify Cost Savings in Your Oil & Gas Supply Chain

Oil and Gas Supply Chain

Global demand for oil is down, and the price of oil continues to destabilize. The U.S. shale boom and the global pursuit for oil and gas in strategic geographies have produced a saturated oil market, leading to significant industry changes. Despite changing demand, the Organization of Petroleum Exporting Countries (OPEC) recently decided to maintain the production of oil at 30 million barrels per day rather than cut production. This sent oil prices even lower, created additional marketplace uncertainty, and increased pressure on oil and gas organizations to adjust and reduce transportation spending. » Read More

How the Bakken Oil Boom Impacts U.S. Supply Chains

Oil

For those of you on the coasts (all three of them—East, West, and Gulf) you may be vaguely aware of the Bakken oil boom in North Dakota. For those of us in neighboring states, North Dakota is the source of a clichéd “giant sucking sound,” the likes of which this generation has never experienced. And it has all happened incredibly quickly. The Ninth District Federal Reserve Bank (FRB) has been diligently monitoring and quantifying this boom. They recently calculated that North Dakota just topped an average output of 1 million barrels of oil per day. Typically, you can get 19 gallons of gasoline out of a barrel of oil. Therefore if that oil was turned into gas, North Dakota alone would produce 19 million gallons of gas per day! » Read More