Oil and gas prices have declined as investor concerns about the impact of the Russia-Ukraine war have faded due to the European Union’s considerable success in eliminating Russian oil and gas imports, according to analyst firm Morningstar. Even after the recent selloff, crude prices are still elevated compared with Morningstar’s midcycle forecasts. This explains why only […]
Is There Enough Upstream Investment?
by Wood MacKenzie executives Fraser McKay, Head of Upstream Analysis; Ian Thom, Research Director, Upstream; and Ann-Louise Hittle, Vice President, Oil Markets The oil and gas sector is in an upcycle, as demand rebounds strongly from the Covid-19 pandemic. The roll-out of a low-carbon energy system is going to take time. Oil will continue to drive the global economy and define energy security for many years to come. After three years […]
Aerial Mapping Will Help Bring Broadband Internet to Rural Texas
Woolpert has been contracted to collect high-density lidar data for more than 6,800 square miles of rural Texas to map electrical distribution poles and wires along with surrounding natural and man-made infrastructure. The data will be collected via fixed-wing manned aircraft. The high-density point cloud will be classified and used to construct survey grade 3D models and […]
Most Commercial Diesel Trucks Are Near-Zero Emissions Models
U.S. trucking companies are buying more new, low emission, diesel technology than ever before. Research shows the number of new near-zero emission diesel trucks on the road increased 10.2 percent between 2021 and 2022, according to the Diesel Technology Forum (DTF). Near-zero emission trucks are advanced diesel technology manufactured in the 2010 and later model […]
Long Range Weather Forecasts To Be Available for Energy Companies
EIC Rose Rock, an early-stage VC fund focused on energy technologies, announced in July its direct investment into Salient Predictions, a Boston-based weather analytics company. Developed by Massachusetts Institute of Technology (MIT) and Woods Hole Oceanographic Institution scientists, Salient’s forecasts and analytics use superior data and state-of-the-art methodologies to deliver world-class accuracy in Subseasonal to […]
Permian Asset Ownership Shifts
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS platform, is releasing its summary of 2Q23 upstream merger and acquisition (M&A) activity. In Q2, U.S. upstream M&A boomed with $24 billion transacted in 20 deals with the Permian returning to its usual position as the center of M&A activity. “The second quarter saw a thunderous return […]
U.S. Fossil Fuel Ban Won’t Stop Climate Change
In July, Texas Public Policy Foundation (TPPF), through its energy initiative, Life:Powered, released updated data from the Model for the Assessment of Greenhouse Gas-Induced Climate Change (MAGICC) that shows that if the United States banned all fossil fuel consumption and went entirely “net-zero” by 2050, the effect on global temperatures by 2100 would be negligible. […]
The High Cost of Texans Losing Health Insurance
by Dr. M. Ray Perryman During the COVID-19 pandemic, part of the federal health emergency regulations prohibited ending Medicaid coverage for individuals. With the end of the emergency, the rules for eligibility for Medicaid in Texas have reverted to those in effect prior to the pandemic. More than 500,000 Texans (and counting) have lost […]
Secrets of Visionary Thinkers
By Susan Robertson When we think about famous visionary thinkers, we subconsciously assume that they have some magic characteristic that the rest of don’t have or can’t achieve. But in reality, the only magic they have is an intuitive understanding of how to avoid some very common creative thinking blocks. One of those blocks is […]
Three Liquefaction Trains on Tap For NextDecade’s LNG Project
Baker Hughes announced in July it has been awarded an order by Bechtel Energy Inc.—to be booked in the second quarter of 2023—to supply three Main Refrigerant Compressors (MRCs) for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas. In total, Baker Hughes will supply six Frame 7 gas turbines paired with 18 centrifugal compressors across Rio […]
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