Research development organization Pipeline Research Council International (PRCI) officially opened its new Technology Development Center at a ribbon-cutting ceremony and tour Wednesday.

“We want you to think of this place as yours,” PRCI President Cliff Johnson told attendees, many of whom represented pipeline and service companies. “How would you use this space?”

The 30,000 square-foot facility broke ground July 7, 2014 on a 10-acre campus northwest of Houston with about half of the area earmarked for a state-of-the-art pull-test facility.

(Business Wire) – The nation’s finance chiefs are relatively optimistic about the future, but remain cautious in the face of domestic uncertainties like Congressional inaction on tax reform.

This according to the latest edition of Grant Thornton LLP’s CFO Survey, which reflects the insights of more than 900 chief financial officers and other senior financial executives across the United States.

“Lawmakers need to agree on at least a two-year retroactive extension of nearly all the provisions, with a one-year extension as an absolute fallback.”

HOUSTON (AP) — Schlumberger is buying Cameron in a cash-and-stock deal valued at about $12.71 billion that would create an oilfield equipment and service powerhouse.

Cameron was the maker of the blowout preventer on the ill-fated Deepwater Horizon rig, which was rocked by an explosion and fire in 2010 that killed 11 workers and touched off an enormous oil spill.

At a meeting of the American Fuel and Petrochemical Association, Michael Wojchiechowski, an economist at global energy consultant Wood Mackenzie, referred to the production from U.S. shale deposits as a “tight-oil tidal wave” – in other words, a large, unstoppable, liquid force.

But as operators from the Bakken to the Eagle Ford and Niobrara to Marcellus know, there are plenty of challenges to keeping that enormous flow going, one being the high paraffin content of shale oil.

NEW YORK — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth.

Low oil and gas prices are good for the overall economy because they reduce costs for consumers and business. U.S. economic growth was higher in the second quarter, and economists say that was partly fueled by consumers spending some of their savings on gasoline at stores and restaurants.

The productivity of natural gas wells in the Marcellus Shale and the neighboring Utica Shale is steadily increasing because of ongoing improvements in precision and efficiency of horizontal drilling and hydraulic fracturing occurring in those regions.

Since January 2012, natural gas production in the Marcellus and Utica regions has accounted for 85% of the increase in natural gas production reported in EIA's Drilling Productivity Report (DPR) and has driven recent growth in total U.S. natural gas production.

Editor’s note: This second of a three-part series on the first-ever presidential Quadrennial Energy Review 2015 focuses on the safety and vulnerabilities of transportation, storage and distribution (TS&D) infrastructure and methane emissions.

Natural disasters pose a significant safety risk to the nation’s TS&D infrastructure. In 2012, there were 11 weather disasters in the United States costing $1 billion, second only to 2011 for the most on record. Insurance data in the QER reports $22 billion in total losses from weather events in 2013, excluding self-insured losses.

Price Gregory President Michael Langston recently announced his retirement after a 35-year career in the pipeline construction sector.

Langston joined H.C. Price in 1981. Following a merger between H.C. Price and Gregory & Cook Construction, Price Gregory was formed. Price Gregory was later purchased by Quanta Services and Langston was named president of the company.

In the face of some of the worst threats in cybersecurity history, industrial control system cybersecurity continues to mature and evolve. While the disclosure of major vulnerabilities and new threats against industrial sectors paint a bleak picture, there have also been major advancements in awareness.

Company, Association News

Pacific Gas and Electric Company’s Steve Redding Sr., director of the company’s leak management program, received the 2015 Milton W. Heath Sr. Memorial Award at the American Gas Association’s annual Operations Conference and Biennial Exhibition in Grapevine, TX. The award recognizes individuals who have made outstanding contributions toward the detection, prevention and repair of natural gas leaks.

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