Geothermal energy in the Great Basin of Nevada and adjoining states could produce electricity equal to one-tenth of the current U.S. power supply, according to assessments by the U.S. Geological Survey, as documented in a paper released May 22. The projected 10 percent would be a major increase, as geothermal energy currently generates less than 1 […]
Permian Basin Gets Nitrogen Rejection Unit
BCCK has signed an agreement with ZAP Engineering and Construction Services Inc. to deliver a 45 MMSCFD NiTech Dual Tower Nitrogen Rejection Unit (NRU) and oil removal system. The new cryo facility will commence operations in Q1 of 2027. This contract marks a significant collaboration between BCCK and ZAP Engineering, the project’s engineering, procurement and […]
Most O&G Companies Suffer Data Breaches
A recent Cybernews analysis found that more than 94 percent of the world’s top 400 oil and gas companies have suffered at least one data breach to date. Cybernews also discovered that, over a recent 30-day period, more than 50 percent of the analyzed oil and gas firms were breached. Moreover, according to the Cybernews Business Digital Index, […]
New Cryogenic Fleet Hits Houston
A Scotland-based developer of O&G assets and infrastructure has rolled out its first-ever fleet of cryogenic ISO tanks in North America, now located at its Houston facility. This step marks OEG‘s expansion of its cryogenic tank division into the region, a move intended to help meet demand for safe, efficient transport of liquefied gases across […]
Drivers Reject Steelworkers Union
Crude oil drivers for Sunoco Logistics Partners (also known as Energy Transfer) have successfully forced United Steelworkers (USW) union bosses out of their work unit, according to a statement issued on May 20 by the The National Right to Work Legal Defense Foundation. The victory for workers comes after Jay Fifer, a driver for the […]
Companies Sticking with Climate Targets
Companies are largely maintaining their high-level climate commitments to net zero and greenhouse gas (GHG) emissions reductions despite some recent scale backs and variations across sectors and regions, Sustainable Fitch says in a new report released May 21. The report reviews corporate emissions and climate targets by combining insights from three data viewpoints—a review of […]
O&G Acquisition Financing in an Unpredictable Market
by Alex Trlica, Chris Butta, BOK Financial Energy When the Ground Shifts Beneath your Feet At 2 a.m., the lights were still on at the office. For six months, the deal team had worked relentlessly to structure a creative proposal for the winning bid on the seller’s oil and gas assets. The Purchase and […]
Eagle Ford Production Edges Downward
by J. David Smith, Senior VP, Mercer Capital Eagle Ford production (on a boe basis) dipped 2.9 percent in the 12 month period ending in March 2024. Production levels varied only slightly during the period, with the rolling monthly percentage change in March varying between -3.5 percent and 1.4 percent. Appalachian production change over the period was […]
Texas Oilman Donates Ambulance to Israel
Jack Storm, president of WS Energy Services, recently made a charitable donation to Israel of an ambulance—one that will soon be transported overseas to emergency caregivers at Magen David Adom (Red Shield of David) in Israel. Storm said he has long desired to extend this gift, and he maintained his commitment through tough industry times […]
“Nuclear Verdicts” are Driving Up Consumer Costs in Texas
Texans pay an average of $1,725 more for goods and services every year as the costs of lawsuits and massive court awards are passed on to consumers. This $1,725 “lawsuit tax”—which drives up the cost of everything Texans buy, from groceries to housing to insurance—is higher than the national annual average lawsuit tax of $1,666 […]
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