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API: U.S. Petroleum Deliveries in October Reached 10-Year High

Categories: Service & Product Reviews
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European Oil Pump Jack in Germany on a Sunny DayDemand for petroleum in the U.S. reached a 10-year high in October, after deliveries surged 1.1% year over year to an average 19.9 million barrels per day, according to the American Petroleum Institute (API).

A report showed that the figure represented the highest number for the month since 2007. While crude oil output remained high, the country became more energy independent, as petroleum imports dropped 0.8% to average just above 9.6 million barrels per day.

Global Leader

The API’s report somehow reflected the International Energy Agency’s (IEA) outlook for the U.S. as a dominant player in the global oil industry. For the ninth consecutive month in 2017, crude oil production reached more than nine million barrels per day. If the trend becomes stable, the IEA believes that the U.S. will account for 80% of the increase in global oil supply by 2025.

For this reason, energy companies should invest in storage solutions such as aboveground tanks, particularly those that comply with API 653 tank alteration standards.

Historic Increase

Shale oil production in the U.S. by 2025 will be similar to the output of Saudi Arabia between 1966 and 1981, according to the IEA. Its World Energy Outlook lifted its initial forecast for U.S. output by 34% to nine million barrels per day, while shale oil that can be technically recovered will consist of 105 billion barrels.

The growing dominance of the country will also help lower prices, which would reach $83 per barrel for 2025. Global oil consumption will reach more than 100 million barrels per day by that year, mainly because of China surpassing the U.S. as the biggest consumer, according to the forecast.

It remains to be seen whether the IEA’s forecast will indeed materialize, yet the API’s report indicated that growth prospects are somehow positive for the U.S. oil and gas industry.


How to Keep Work Settings Accident-Free

Categories: Education and Training
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Female wearing protective helmet on construction siteIf you work in high-risk industries such as construction, roading and infrastructure, manufacturing, logistics, forestry, and agriculture, it is only fair that you demand from your management reliable workplace safety standards.

Conversely, if you are part of the management team, it is your moral obligation to safeguard your employees by following functional workplace safety management protocols and procedures.

With at least 3,207 work-related fatalities in Australia from 2002 to 2015, it is quite clear that we have yet to realise fully the goal of having zero workplace-related casualties. If you wish to change this, here is how you can start.

Identify types of workplace hazards

Workplace hazards come in six different types. Knowing these will allow you to determine which ones apply to your particular workplace setting, so you can start planning ways to eliminate their danger.

  • Safety Hazards (working from heights, presence of trip wires, etc.)
  • Biological Hazards (infected blood and other body fluids, viruses and bacteria)
  • Physical Hazards (radiation, extreme temperature)
  • Ergonomic Hazards (poor posture, frequent lifting, vibration)
  • Chemical Hazards (dangerous fumes and vapours, pesticides)
  • Work Organisation Hazards (workplace violence, sexual harassment)

Workplace Safety Management

A comprehensive safety management plan should include the following steps:

  • Understand your legal obligations.
  • Conduct workplace safety information campaigns, training, and instructions.
  • Put up and maintain sufficient first aid supply.
  • Ensure that workplace facilities comply with national safety standards.
  • Have emergency plans in place.
  • Invest in workers’ workplace safety gear/clothing.

Safety Gear and Clothing

In high-risk industries, you must adhere to the consistent use of these protective gears:

The success of any implemented workplace safety regulations relies on the cooperation between employees and the management. After all, you have to look after each other’s safety regardless where you fall in the organisational hierarchy.