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 […]
Aerial Mapping Will Help Bring Broadband Internet to Rural Texas
Woolpert has been contracted to collect high-density lidar data for more than 6,800 square miles of rural Texas to map electrical distribution poles and wires along with surrounding natural and man-made infrastructure. The data will be collected via fixed-wing manned aircraft. The high-density point cloud will be classified and used to construct survey grade 3D models and […]
Most Commercial Diesel Trucks Are Near-Zero Emissions Models
U.S. trucking companies are buying more new, low emission, diesel technology than ever before. Research shows the number of new near-zero emission diesel trucks on the road increased 10.2 percent between 2021 and 2022, according to the Diesel Technology Forum (DTF). Near-zero emission trucks are advanced diesel technology manufactured in the 2010 and later model […]
Long Range Weather Forecasts To Be Available for Energy Companies
EIC Rose Rock, an early-stage VC fund focused on energy technologies, announced in July its direct investment into Salient Predictions, a Boston-based weather analytics company. Developed by Massachusetts Institute of Technology (MIT) and Woods Hole Oceanographic Institution scientists, Salient’s forecasts and analytics use superior data and state-of-the-art methodologies to deliver world-class accuracy in Subseasonal to […]
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