The overall number of contracts in the oil and gas industry declined by 7 percent in Q3 2022, decreasing from 1,662 in Q2 2022 to 1,542 in Q3 2022, according to GlobalData, a data and analytics company. According to GlobalData’s latest report, “Oil and Gas Industry Contracts Analytics by Sector (Upstream, Midstream and Downstream), Region, Planned and Awarded […]

by Maximilian Ihring, Krohne Solutions Ensuring the continuing effectiveness of leak detection systems (LDS) is of paramount importance for pipeline operators in order to meet tightening safety and environmental regulations and to minimize the potential risks of catastrophic events. The updates of 49 CFR 195 require pipeline operators to evaluate the capability of their leak […]

By Donald Barnhart and Katie-Rose Herd What’s so hard about evolving into a more active, nimble, and sophisticated commodity trading organization that relies on a robust Energy Trading and Risk Management (ETRM) system? (Energy trading and risk management [ETRM] systems involve commercial decision making and market execution using an integrated system that enables data exchanges among […]

Global business sentiment remained flat during Q3 2022 but declined by 2 percent year-on-year (YoY), with companies across industries experiencing slow growth due to softening demand, geopolitical uncertainties, and economic volatility, revealed GlobalData, a data and analytics company. According to GlobalData’s “Company Filings Analytics – Trends and Signals Q3 2022” report, “Inflation,” “Shortages,” and “Supply Chain” […]

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 […]

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 […]

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 […]

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 […]