OPW, a Dover company involved in the development of fluid-handling solutions, announced June 3 that its Clean Energy Solutions business unit will be divided into two distinct business units: the existing Clean Energy Solutions (CES) unit, which will feature technologies from both the ACME Cryogenics and RegO Products brands and focus on the cryogenics, hydrogen, […]
Industry Group Applauds Court Halt of LNG Pause
A federal court on July 2 sided with 16 states to lift the Administration’s pause on new permit approvals for LNG exports. Judge James Cain of the Western District of Louisiana ruled that the DOE has failed to justify why it needed to pause approvals to review the process by which it permits projects. Energy […]
Industry Group Applauds Passage of Energy Permitting Reform Act
Energy Workforce and Technology Council released on July 31 the following statement applauding the passage of the Energy Permitting Reform Act of 2024 out of the Senate Energy and Natural Resources Committee. The bipartisan legislation introduced by Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY) is meant to strengthen American energy security by accelerating […]
Will AI Take My Job?
by Chuck Gallagher At a recent conference where I spoke on AI, I was asked, “Will AI displace me?” My response was simple: “If you don’t learn to work with AI and use the incredible tools that will make many of our jobs easier, allowing us to do more important creative thinking and working […]
Strong O&G Demand Will Supporting Growth of Permian Basin: GlobalData
The global oil demand has been on the rise after the COVID-19 pandemic. Moreover, the Russia-Ukraine conflict caused major alterations in energy supply routes, which went in favor of U.S. shale drillers, including those in the Permian Basin. The Permian Basin remains the largest oil-producing shale play in the United States. Strong global demand and […]
UTPB Hosts Fall Recruiting Events
The University of Texas Permian Basin, in its efforts to connect employers with the bright, talented students earning degrees there, have organized their Fall Recruiting Event, with activities slated for four separate occasions. The first was scheduled for Aug. 28. That “Part-Time Job Fair” was to run from 2 to 4 p.m. at the UTPB […]
BLM Completes Sale of Federal Helium System
The Bureau of Land Management on June 27 closed on the sale of the Federal Helium System, fulfilling one of BLM’s primary responsibilities under the Helium Stewardship Act of 2013. BLM will continue working with the new owner, Messer, during a 45-day hand-off period to support a smooth transition from federal to private ownership. The Helium […]
Retail price for gasoline in U.S. for Labor Day 13 percent lower than last year
Approaching the Labor Day holiday weekend, the retail price for all formulations of regular gasoline in the U.S. averaged $3.31 per gallon Aug. 26 – 13 percent lower than the same time last year. The decrease in prices paid at the pump is driven by weak growth in global and U.S. petroleum product demand, continued […]
EIA forecasts Permian to contribute to increases in crude oil, natural gas
U.S. Energy Information Administration said last week it forecasts crude oil production in the U.S. will grow to 13.7 million barrels per day and marketed natural gas production will grow to 114.3 billion cfd in 2025. EIA said Aug. 21, “Most of the forecast growth in oil and natural gas production comes from the Permian […]
ONEOK grows in Permian with deal for Medallion Midstream, EnLink interest
Tulsa-based pipeline operator ONEOK said Wednesday it will acquire Medallion Midstream and controlling interest in EnLink Midstream from Global Infrastructure Partners for $5.9 billion. By acquiring Medallion – the largest privately held crude gathering and transportation system in Midland Basin – along with 43 percent interest in EnLink, ONEK establishes a fully integrated platform at […]
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