North America is expected to witness the highest small-scale LNG liquefaction capacity additions globally during 2023-2027, contributing about 32 percent of the total global small-scale LNG liquefaction capacity additions by 2027, forecasts GlobalData, a data and analytics company. GlobalData’s latest report, “Small-Scale LNG Liquefaction Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies, and […]
Purchase of Spinnaker Oilwell Services Expands RPC’s Cementing Service
RPC, Inc., announced the acquisition, effective July 1, of Spinnaker Oilwell Services, LLC, a provider of oilfield cementing services in the Permian and Mid-Continent basins. Spinnaker, headquartered in Oklahoma City, Okla., operates facilities located in El Reno, Okla., and Hobbs, N.M., and maintains 18 full-service cementing spreads. The purchase price was $79.5 million in exchange for 100 percent of Spinnaker’s equity. The transaction […]
Express Your Opinion on the Dunes Sagebrush Lizard
The U.S. Fish and Wildlife Service recently announced that they are seeking public input on a proposal to list the dunes sagebrush lizard as endangered under the Endangered Species Act. The Service encourages any interested parties to provide input and substantive comments during the 60-day public comment period that closes September 1, 2023. The notice […]
Halliburton and Nabors Collaborate on Leading Well Construction Automation
Halliburton Company and Nabors Industries announced on June 19 an agreement on leading well construction automation solutions. Under the agreement, Halliburton and Nabors will collaborate together on their technologies including the Halliburton Well Construction 4.0 digital surface and subsurface drilling technologies, the LOGIX Autonomous Drilling Platform, and the Nabors SmartROS universal rig controls and automation platform and RigCLOUD high-performance digital […]
LNG Transfer System Achieves Efficiencies
By John de Viet, Solutions Development and Sales Support Manager at KROHNE With the skyrocketing cost of fuel, the impacts of any mistakes made while loading and unloading liquid natural gas (LNG) carriers is increasing. This makes it even more important for plant and instrumentation managers to have access to the most accurate measurement tools. New automated […]
Clays and Cookery Come ‘Round Again
It happens only once a year, and the date fast approaches. The Permian Basin Petroleum Association’s Sporting Clay Shoot and Pit King Challenge comes to Jake’s Clays in Midland, Texas, Aug. 11. The occasion features a morning clay shoot followed by a delicious BBQ pit cook-off lunch. This event affords a great way to meet fellow […]
The Permian Basin and National Security
Congressman August Pfluger addressed members of the Permian Basin Petroleum Association on June 27 in Midland, Texas, updating them on events in Washington, D.C., and emphasizing the strategic and economic importance of the Permian Basin to not just the nation but to world security and stability. These are his remarks, in full. To Ben, Steven […]
Fitch: New EPA Emissions Standards May Pressure Power Project Ratings
The U.S. Environmental Protection Agency’s (EPA) recently proposed guidance for limiting greenhouse gas emissions from coal and gas-fired power plants could result in material compliance costs and erode operating margins for power generators reliant on fossil fuels, according to Fitch Ratings. In May, the EPA proposed new carbon emissions restrictions that would require phased-in implementation […]
Debate Surges over… AI Hallucination?
The rise of generative artificial intelligence (AI) tools with large language models (LLM) such as ChatGPT, Bard, and Bing, has ignited a spirited discussion among Twitter and Reddit influencers. Dubbed the “AI hallucination debate,” it centers around concerns regarding the accuracy and reliability of information generated by these tools, fueling calls for ethical oversight and […]
Putting the Legislature in Perspective
The Texas Legislature adjourned the 88th Regular Session sine die on the afternoon of May 29, 2023. It only took a meager few hours before Governor Abbott called the first special session with the very specific directives to pass legislation (1) cutting the property tax rate solely by reducing the school district maximum compressed tax […]
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