The global oil and gas analytics market is anticipated to garner $50 billion while expanding at a cumulative annual growth rate (CAGR) of 22.6 percent between now and 2032, according to Future Market Insights. The market is estimated currently at $6.5 billion in 2022. A paradigm shift toward the search for mature oil fields along with the […]
Don’t Let Inventory Issues Become a Problem
by Carissa Skorczewski, President and CEO, Groebner As natural gas utilities and contractors look for support with their equipment and budgeting, it is ideal to work with a distributor that has been strategic about its inventory, stays on the cusp of industry innovation, and has close vendor relationships with equipment manufacturers. Most importantly, though, a close relationship […]
ESG Reporting: Easing the Anxiety
By Lindsey Scott From Amazon to Walmart, companies across the globe are striving to implement ESG initiatives that can stand up to increased scrutiny. The energy industry, like all industries, is facing the possibility of new standards for carbon emission disclosures that will need to be disclosed to shareholders, stakeholders, and regulators. Simply put: today’s investors are relying on more robust […]
Crisis Management
by Dr. M. Ray Perryman For the second consecutive year, the Nobel Memorial Prize in Economics has been awarded to three Americans. For 2022, the recipients are Ben S. Bernanke (former Federal Reserve Chairman now with The Brookings Institution), Douglas W. Diamond (University of Chicago), and Philip H. Dybvig (Washington University in St. Louis) “for […]
E&P Reaches Milestone
Apache Corporation, a subsidiary of APA Corporation, announced Oct. 24 the donation of more than 245,000 trees to 40 nonprofit partner organizations through the annual Apache Corporation Tree Grant Program. Since 2005, more than five million trees have been granted to more than 900 U.S. nonprofit charitable partners and government agencies. Plantings from this year’s grants […]
Turning Around That Turnaround
by Tracy Gray Thanks to the pandemic, delays in turnarounds, and restrictions on the numbers of contractors on rigs, pipelines and production sites forced companies to delay work that had been planned for years. As we continue to emerge from the restrictions, industry experts predict a bottleneck of turnaround projects into 2023 as companies work to […]
Electric Fracs Get “Pumped” Up
Houston-based GD Energy Products (GDEP), a solutions provider for the drilling, well servicing, and frac pumps market, has partnered with U.S. Well Services to supply 3,000-horsepower pumps for their Nyx Clean Fleet. Each custom-designed pump is powered by an electric drive motor to create an environmentally sustainable frac unit. Tony McLain, vice president of sales, […]
Undrilled Locations Number 125,000+
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS platform, released on Oct. 25 a basin-by-basin look at North American drilling inventory and an analysis of how many well locations remain at various prices. “We believe the fear around near-term shale drilling inventory exhaustion is largely overblown,” said Dane Gregoris, report author and […]
Scholarship Program to Give Back to Industries
GPS Insight, a leading provider of SaaS-based fleet and field service management software solutions, announced Oct. 4 the launch of the GPS Insight “You are the Reason” Skilled Trades Scholarship Program, awarding two scholarships for $10,000 each to students planning to pursue full-time skilled trades study at a college or accredited vocational-technical school in the 2023-2024 academic year. The […]
Companies Team to Deliver Solutions
Schlumberger and Cognite announced Sept. 14 a partnership to integrate Schlumberger’s Enterprise Data Solution for subsurface with Cognite Data Fusion, Cognite’s leading open industrial DataOps platform. Through this partnership, customers can integrate data from reservoirs, wells, and facilities in a single, open platform, and leverage embedded AI and advanced analytics tools to optimize production, reduce costs, and […]
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