North America is set to lead the global ammonia industry capacity additions with a share of 37 percent by 2030 by gaining capacity from new-build and expansion projects between 2023 and 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ammonia Capacity And Capital Expenditure Outlook By Region, Countries, Companies, Feedstock, Projects […]
The High Economic Cost of the Opioid Crisis
by Dr. M. Ray Perryman Opioid addiction and overdoses have devastated individuals, families, and communities across the state, nation, and world. The human costs of this health crisis are immeasurable and are the reason why aggressively attacking this crisis is a social and humanitarian imperative. At the same time, there are significant economic consequences […]
O&G Finds Growth Prospects
Thanks to the latest technological advances and the development of new reserves, the country’s natural gas resources and reserves are at their peak, standing at their current 3,978 Tcf. Observers foresee a reliable national gas supply going forward, with industry growth anticipated to meet the increased production, processing, and storage that such an abundance demands. […]
O&G Contract Value Up 60 percent in Q2
The overall oil and gas industry’s disclosed contract value witnessed a significant quarter-on-quarter (QoQ) increase of 60 percent in Q2 2023, mainly driven by a mega contract for Qatar’s North Field South (NFS) LNG project, according to GlobalData, a data and analytics company. GlobalData’s latest report shows that the overall contract value increased from $35.4 […]
Remote Sensing Drones Protect Infrastructure
A firm named Birdstop asserts that there is a rapidly growing need for Beyond-Visual-Line-Of-Sight drones to monitor critical infrastructure. With oil fields, farmland, power stations, transit lines, airports, dams, water supplies and telecom at risk, any blind spots can lead to major issues, they say. To that end, Birdstop is striving to usher in a new […]
Refiners Show Strong Financial Profiles
North American refining and marketing companies continue to post robust results due to recovering demand and low inventory levels, according to a new Fitch Ratings report. The report is a relative credit analysis that compares issuers based on their business and financial characteristics. Fitch anticipates limited rating actions across the peer group despite above-midcycle cash […]
North America to Dominate LNG Liquefaction
North America will continue to dominate the global liquefied natural gas (LNG) liquefaction capacity additions, contributing about 59 percent of the total capacity additions between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report reveals that North America is expected to witness the highest capacity additions globally, by gaining […]
Sand Conveyor Belt Takes Another Step
Atlas Energy Solutions has selected Voith Turbo to supply a total of 21 TurboBelt 800 TPXL fill control fluid coupling drives (including spares) to power 42 miles of conveyor belt as part of Atlas Energy Solutions’ historic Dune Express project. ELIN Motoren, a Voith company, will also provide 21 customized low noise electric motors for […]
Company Announces $10 Million In Funding for IoT Tech
(BUSINESS WIRE) Amplified Industries (formerly Acoustic Wells), which terms itself an industrial Internet of Things (IoT) solution, recently announced its official launch from stealth with an in-market solution and $10 million in funding. Amplified Industries’ IoT solution empowers onshore asset operators with real-time operations data and control to cut cost, slash emissions, and increase production. […]
Ernst & Young: U.S. O&G Viable
The persistence U.S. oil and gas producers have displayed over the last eight years to improve shareholder returns and build resilience—in operations and capital budgets—is proving U.S. hydrocarbons to be a viable core asset amid the energy transition, according to the Ernst and Young study on U.S. oil and gas reserves, production, and ESG benchmarking, which documents […]
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