from the Permian Basin Petroleum Association Bipartisan activity is leading to optimism for some type of permitting reform making it out of Congress and onto President Biden’s desk. While Republican permitting proposals focus on expediting oil, gas, coal, and other fossil fuel projects, Democratic plans seek to hasten approvals for clean energy projects and the […]
U.S. LNG Exports to Grow Through 2050
In its Annual Energy Outlook 2023, the U.S. Energy Information Administration (EIA) projects that U.S. natural gas production will increase 15 percent and liquefied natural gas (LNG) exports will increase 152 percent between 2022 and 2050. They expect natural gas production to rise to 42.1 trillion cubic feet (Tcf) by 2050. Production growth is largely […]
Technologies Provider Opens New Midland Outlet
Intelligent Wellhead Systems, Inc. (IWS), a supplier of digital control technologies for improving oil and gas well completion operations, recently opened a new base of operations in Midland. Officials for the company said that rapid adoption of automation technology and digital solutions for completions drove the need for local customer support, logistics, and a full-service […]
Stallion Gets Re-branded
Stallion Oilfield Services announced in April its rebranding as Stallion Infrastructure Services. As a provider of workforce accommodations for the oil and gas industry, the company has made it clear that while its name has changed, its level of commitment to the sector remains steadfast. In addition to the rebrand, Stallion Infrastructure Services will be […]
Geopolitics Tops O&G Themes for 2023
Geopolitics became a pivotal macroeconomic theme for the oil and gas industry from the start of the Ukraine conflict. The fallout of this conflict is also critically impacting the supply chain theme as newer alliances are being forged. Nevertheless, oil and gas companies will continue to pursue newer industry themes that support the energy transition […]
Navigating the AI Revolution
by Chuck Gallagher What is the hottest business topic this year? No, it’s not interest rates or an impending recession; it’s artificial intelligence. A recent survey indicated that 67 percent of IT professionals believe that generative AI will be a priority for their company within the next year and a half, despite ongoing concerns […]
Beaumont Refinery Expands
(BUSINESS WIRE) ExxonMobil announced March 16 the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than […]
O&G Must Close the Technology Gap
(BUSINESS WIRE) Oil and gas companies in North America face an array of major changes driving trends that require more investment in digital technologies and skills, according to a research report published March 6 by Information Services Group (ISG), a leading global technology research and advisory firm. The report, titled “2022 ISG Provider Lens Oil […]
Interior Debunks Biden’s 9,000 Permit Claim
For nearly a year the Administration has attempted to redirect scrutiny over its slow walking of federal oil and gas leases by chastising U.S. producers for leaving 9,000 permits to drill on federal lands untapped, according to a statement from the American Petroleum Institute. “There are 9,000 unused approved drilling permits,” former White House Press […]
Pearl Harbor Veteran Laid to Rest
Electrician’s Mate 1st Class Harvey Herber, born in Tacoma, Washington, who was serving onboard the battleship U.S.S. Oklahoma during the Dec. 7 attack on Pearl Harbor, was laid to rest at 2 p.m., March 24, at Peaceful Gardens Cemetery in Lubbock, Texas, according to an official report from the U.S. Navy. Herber’s date of birth is […]
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