Members of the Railroad Commission of Texas’ (RRC) State Task force on Petroleum Theft (STOPTheft) gathered in Midland on April 2 to continue their work addressing the challenges of petroleum theft in Texas. Led by RRC Chairman Jim Wright, the session opened with a brief overview of the task force’s duties, subcommittees, and timeline goals […]
Morningstar: On the UAE Leaving OPEC
The United Arab Emirates announced it late April that it would leave The Organization of the Petroleum Exporting Countries (OPEC) after six decades of membership, effective May 1. The UAE is one of the Middle East’s largest oil producers, behind Saudi Arabia and Iraq. We (Morningstar) see the latest move as a continuation of the […]
Gas Chromatography Improves CCUS Success
Carbon capture initiatives are typically presented with a focus on new and emerging technologies, large scale capital projects, and ambitious decarbonization goals. However, behind each successful carbon capture, utilization, and storage (CCUS) project, there exists a much less visible, but equally important, foundation upon which those projects depend: precise chemical composition measurement of gas streams. […]
Petrochemicals To Rebound in 2026
The U.S. petrochemical sector remains one of the main drivers of the national economy. The American Chemistry Council (ACC) estimates that production of basic chemicals will rebound by 1.2 percent this year, increasing its contribution to the country’s economy by more than $900 million this year, breaking the downward trend of recent years. In addition, […]
O&G Robotics to Top $200B by 2030
Robotics is rapidly transforming oil and gas operations as advances in artificial intelligence (AI) and cloud computing unlock the next phase of industrial automation. AI enables advanced decision-making, navigation in complex environments, and reduced reliance on human intervention. Against this backdrop, the global robotics market is projected to grow from $90.2 billion in 2024 to […]
Growth to Stay Steady if Oil Shock is Short-Lived
Global economic growth should be steady this year provided the current oil price shock is not prolonged, Fitch Ratings says in its March 2026 Global Economic Outlook (GEO). As Fitch states, the world economy has held up well despite a succession of geopolitical and U.S. policy shocks. World growth was 2.7 percent last year, close […]
But There’s Still Room for Safer Practices
With lost-time workplace incidents remaining high worldwide—to the tune of hundreds of millions of work-related injuries and illnesses occurring annually—95 percent of safety leaders plan to maintain or increase their budgets over the next two years. That’s the finding of a recent study commissioned by leading connected safety technology provider Blackline Safety—and conducted by independent research firm NewtonX—which […]
Company Notches Best TRIR in its History
In the workplace, accidents happen, and they’re never good, but sometimes good safety practices bring more good news than bad. Danos Group reported March 19 that they closed 2025 with the lowest Total Recordable Incident Rate (TRIR) in its history, achieving a companywide TRIR of 0.07 across more than 11.5 million work hours. Both core […]
System Enhances Subsurface Viewing
A Colorado-based firm released on March 10 the newest version of its mapping and 3D visualization software package with enhanced subsurface viewing capabilities and ease-of-use functionality. The creator, Golden Software, asserts that all users will benefit from the Surfer package’s streamlined map creation, especially those working with drillholes, wells, and other subsurface data. Surfer Product […]
The Return of $100 Oil
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an analytics company, announced March 24 an updated global oil outlook that lifts its Brent forecast, reflecting impacts from the U.S.-Israel war on Iran, near zero flows through the Strait of Hormuz, a record G7 SPR release, and expectations for a muted U.S. production response. EIR now […]
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