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 […]
Quantifying Unproven Inventory in the Permian
Enverus Intelligence Research, a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, released on Aug. 29 a new report that quantifies the geologically viable but not yet economically proven inventory in the Permian Basin and investigates the associated impact this undeveloped resource has at the operator level and the supply outlook of the basin. […]
Manufacturer Doubles Down
ValTek LLC, manufacturer of high-performance hydraulic fracturing pumps, parts, and expendables, has expanded its facility capabilities in Odessa, Texas, to bring higher efficiency, increased capacity for parts manufacturing, and improved workplace conditions. Located in the heart of the Permian Basin, ValTek’s facility enhancements span across four buildings and include upgraded equipment offering premium functionality as […]
Oil and Gas on the Rise
Across the oil and gas industry, 1,949 jobs were added in the United States, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to June numbers and analysis by the Energy Workforce and Technology Council (Energy Workforce). Despite preliminary BLS data suggesting an initial loss of 117 jobs, adjusted data showed […]
Factory of the Future Unveiled
Developers of Renishaw’s new Central manufacturing connectivity and data platform say the project is poised to transform the productivity, capability, and efficiency of manufacturing operations. The new data-driven manufacturing solution brings the power of connectivity to the machine shop floor, resulting in efficient, productive operations with optimized processes, reduced downtime, and minimized waste. Renishaw will […]
OPEC+ Production Cuts To Overwhelm Demand Recovery
Oil and gas prices have declined as investor concerns about the impact of the Russia-Ukraine war have faded due to the European Union’s considerable success in eliminating Russian oil and gas imports, according to analyst firm Morningstar. Even after the recent selloff, crude prices are still elevated compared with Morningstar’s midcycle forecasts. This explains why only […]
Is There Enough Upstream Investment?
by Wood MacKenzie executives Fraser McKay, Head of Upstream Analysis; Ian Thom, Research Director, Upstream; and Ann-Louise Hittle, Vice President, Oil Markets The oil and gas sector is in an upcycle, as demand rebounds strongly from the Covid-19 pandemic. The roll-out of a low-carbon energy system is going to take time. Oil will continue to drive the global economy and define energy security for many years to come. After three years […]
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