Texas lawmakers convened in Austin Jan. 12, launching a historic session overshadowed by a pandemic and its cascading domino effect. “Getting down to business” took on a whole new meaning, with legislators and leaders examining everything from basic meeting guidelines to complex budgetary needs through a COVID-shaped lens. The Coronavirus topped the initial agenda with […]
M&A Deals Reached $54B in Q3
The total value of oil and gas industry merger-and-acquisition deals in the United States during the third quarter of 2020 reached a figure of $54.8 billion, according to industry analyst firm GlobalData, citing its deals database. The value marked an increase of 674 percent over the previous quarter and a rise of 170 percent when […]
Shale on a Recovery Path
The global shale industry is on a recovery path after an 8.1 percent production decline in 2020, according to a recent report from GlobalData. Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7 percent year-on-year and shale gas production may see a 4.5 percent fall, […]
O&G Recovery Spurs Demand For Corrosion Inhibitors
Demand for corrosion inhibitors in the United States is forecast to increase 1.2 percent yearly in volume terms through 2024, according to Corrosion Inhibitors: United States, a report recently released by Freedonia Focus Reports. Advances will largely reflect an anticipated recovery in oil and gas production following the sharp drop in 2020. Rising natural gas […]
Drones Achieve Milestones
ZM Interactive announced Dec. 14 the latest in its line of xFold drones—what they say are the strongest and most adaptable drones in the industry. The xFold drones are said to be the only industrial unmanned aerial vehicles (UAVs) that can switch between x4 (quad), x6 (hexa), X8 (octo), and X12 (dodeca) configurations in minutes. […]
Ten Trends That Reshaped O&G
By Steve Hendrickson The year 2020 was a tumultuous year for the oil and gas industry, but there’s still reason for optimism. In January 2020, I mentioned 10 key oil and gas industry themes that I expected to be significant in 2020. Most of us are ready to put 2020 behind us, but let’s take […]
Despite Pandemic, RRC Has Strong 2020
When the COVID-19 pandemic gripped the world in 2020, the Railroad Commission of Texas took special measures to protect the health of its employees while undertaking initiatives to seamlessly continue operations for its critical mission to protect public safety and the environment. In its annual Year in Review publication, the story of the pandemic and […]
Safety and Productivity of Frac’ing, Per Ferrari
Frac’ing, a practice that is largely misunderstood and overcomplicated by society and the media, can be easily explained and shouldn’t trigger emotions of anxiety, according to Adam Ferrari, founder and CEO of Ferrari Energy. Frac’ing lights up cities, powers cars to stay on the road, and puts food on the table for thousands of hard-working […]
Total JV, Lightsource BP announce major solar projects in Texas
French oil major Total and Lightsource BP both recently announced solar projects in Texas. Total and 174 Power Global said Jan. 14 they formed a joint venture to develop 12 solar and energy storage projects in Texas, Nevada, Oregon, Wyoming and Virginia. The projects include three in west Texas, one in north central Texas and […]
Texas adds 6 rigs in past week despite small decline in Permian Basin
Despite a small decline of 1 rig in Permian Basin, Texas again posted the largest increase (up 6 rigs in past week) in Baker Hughes’ weekly counts of active oil and gas drilling rigs in U.S. As of Jan. 22, Baker Hughes said Texas had 175 rigs (169 previous week), New Mexico had 65 rigs […]
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