Maintenance strategies in the oil and gas industry have gradually transformed from their early days in the 19th century. To achieve operational longevity, timely maintenance is necessary to prevent expensive repair works and unplanned production outages. Technologies, such as AI, machine learning, and the internet of things (IoT), add enormous value to predictive maintenance strategies, […]

Following news that the Biden Administration would effectively pause new liquefied natural gas (LNG) plants, Texas Railroad Commissioner Wayne Christian on Jan. 26 issued the following statement: “Texas natural gas is saving the free world, and President Biden wants to end it. His administration’s pause on new liquified natural gas export (LNG) plants may recklessly endanger European […]

Control Devices LLC, a portfolio company of HBM Holding, announced Jan. 29 it has acquired Gilmore. The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector. “Gilmore has a history of excellence in the […]

Keystone Clearwater Solutions is bringing its experience as a provider of automated water transfer services in the Appalachian Basin to West Texas. The company announced that it has established a Permian Basin Business Unit in Odessa. Keystone Clearwater began its first water transfer projects in Texas in early December. “Since 2009, Pennsylvania has grown to […]

(BUSINESS WIRE) Pioneer Natural Resources Company announced Jan. 2 that Richard (“Rich”) P. Dealy has commenced his new role as CEO and Scott D. Sheffield has transitioned to the non-executive role of Special Advisor to the CEO, both effective January 1, 2024. As previously announced, Dealy succeeds Mr. Sheffield, who retired as CEO on December […]

For nearly seven decades, hydraulic fracturing technology innovation has been the cornerstone of economic production from low permeability formations, unlocking vast reserves of natural gas and oil. The success of this technology relies on the collaboration of experts from various disciplines, including rock and fluid mechanics, geoscience, completion engineering, reservoir engineering, and production engineering. At […]

Volatility was the name of the game in 2023. Given the conflicts in Europe and the Middle East and ongoing concerns about sluggish economic growth in China and elsewhere—it’s no wonder energy prices remained volatile through most of the year. This volatility and uncertainty also served to drive deal making to a 10-year low. With a […]