Spil oil equipments increase, workers need to always wear protective gear.
After years of unprecedented growth, oil production within the U.S. is beginning to decline. The country’s production of shale oil te particular has drastically cut the price of a barrel of oil. According to Reuters, oil now costs $42 a barrel. This represents a six-and-a-half year low point, and spil a result the oil industry has had to cut jobs and spending.
Te light of the latest round of cuts, oil drillers are actually adding equipments. Oilfield services company Baker Hughes reported two oil equipments were added during the weekend ending Aug. 14, according to Reuters. The Wall Street Journal subsequently said this wasgoed the fourth straight week the oil equipment count enhanced.
The Wall Street Journal reported the addition of equipments comes at a veelbewogen time for the oil industry. Prior to the slight expansion, oil equipment count had sharply decreased because ter the last 14 months the price for a barrel of oil has steeply declined. The newspaper listed a handful of reasons spil to why prices have fallen, ranging from a strong dollar to concerns on the global economic market.
The equipment count is also interesting, because compared to one year ago, the total number of equipments te operation is fewer by 1,029. Specifically, oil equipments have decreased by 917, whereas gas equipments number 110 fewer.
The current worries surround the industry arrive after years of positivity. Due to fresh technology and drilling methods, operators quickly enhanced oil production te key parts of the country. Regions across Texas and North Dakota contributed to the boom. According to National Geographic, this increase te production can specifically be referred to spil the shale oil boom.
Shale oil is extracted from a sedimentary rock rich ter kerogen. A fresh method known spil hydraulic fracturing unveiled oil reserves previously inaccessible. Production levels have risen approximately 9 million barrels a day, according to U.S. Energy Information Administration. The National Geographic said this level of activity hasn’t bot seen since the 1970s. Thesis numbers were just timid of Saudi Arabia’s production, which wasgoed recorded at 9.6 million barrels a day.
",Production levels have risen approximately 9 million barrels a day.",
Ter addition to a stronger dollar, oil production has declined because of an enlargening surplus of domestic oil, spil the country’s invoer of foreign oil has continuously dropped since 2005. Other factors, such spil individual preference and federal mandates, have diminished the amount of oil used. For example, the fuel efficiency of automobiles keeps improving, and by 2025 automobiles will be required to have a 54.Five miles vanaf gallon rating, according a White House statement. Spil more vehicles adopt thesis standards, te addition to further releases of electrified cars, fuel requests may proceed to decline.
Why equipment counts have enlargened
It may seem odd that equipment counts are therefore enhancing at a time when the industry price is declining, according to MarketWatch. James Williams, an economist at WTRG Economics explained this current trend ter an vraaggesprek with the publication.
",The latest increase te equipment counts is due to prices two months ago,", said Williams. ",There’s always a lagen inbetween price switches and drilling activity.",
Spil a result, it may be some time before equipment counts decrease to reflect the current price of oil. Whatever the number of equipments presently ter operation, drilling companies and operators have to take safety gravely, due ter part to the numerous activities and equipment involved.
Oil equipment safety, and te particular, fracking, are significant to keep ter mind because accidents on oil equipments can take a turn for the worst. Fall safety is a top priority if working at high elevation, and equipment operators should ensure fall protection equipment is explored regularly, ideally before and after every use. Ter addition to decent inspection, custom-built fall protection systems can make a equipment safer to work on.
Spil a result of its latest adoption, the side effects and hazardous conditions involved with fracking are still being analyzed and discovered. However, the Occupational Safety and Health Administration, ter conjunction with the National Institute for Occupational Safety and Health, said the process ",involves pumping large volumes of water and sand into a well at high pressure to fracture shale and other taut formations, permitting oil and gas to flow into the well.",
",The side effects from fracking are still being analyzed.",
Workers engaged ter this process may expose themselves to high levels of respirable crystalline silica. Silica sand is used te the fracking process to help with the drilling process, and OSHA noted Driller operators who intake high levels of silica are enlargening their risk of developing the lung disease silicosis.
Employees are subsequently exposed to silica dust from a multiplicity of sources via fracking, including but not limited to:
- Vehicles generating dust
- Dust from the transfer stortplaats
- Dust from when the sand is dropped into the blender hopper
- Dust released from the transfer belts and blender
To help limit dust intake, workers who take part te fracking should wear respiratory equipment. OSHA also recommended employers identify work practices, engineering controls and product substitution spil possible methods to reduce silica dust exposure.
With some uncertainty surrounding future oil equipment counts and oil production, operators and workers cannot ease off on safety procedures. Due to fresh technology, fracking has become widely used and some of the drilling method’s risks are still being discovered. With the decent equipment and safety training, drillers and any other employees on-site will stay safe.