Baker Hughes (NASDAQ: BKR), an energy technology company, announced in December it has been added to the Nasdaq-100 Index, the top 100 largest domestic and international non-financial companies on The Nasdaq based on market capitalization. Nasdaq announced the inclusion on Dec. 9, which became effective prior to market open on Dec. 19. “We are proud to be included in […]
What Will They Optimize Next?
Wellsite “optimization,” which might be thought of as the intersection of pump activity and computer science, has just taken another step. On Dec. 1, ChampionX released new-generation software that manages wellsite surveillance and chemical optimization, in addition to its core package of artificial lift controls. The effort is ChampionX’s release of its XSPOC production optimization […]
Methane Capture Increasingly Economic
Current natural gas prices, including record high global prices, and renewed concerns for energy security are making projects that capture and commercialize vented, fugitive, and flared methane increasingly economic, with the potential to lower emissions and unlock substantial new supplies of gas, a new analysis by S&P Global Commodity Insights finds. The analysis examined 6 key regions—North […]
Polymers Plant to be World’s Largest
Corpus Christi Polymers’ (CCP) new petroleum derivatives processing and manufacturing plant in Texas will become the largest in the United States and even in the world once it’s fully operational, producing 1.1 million tons of polyethylene terephthalate (PET) and another 1.3 million tons of purified terephthalic acid (PTA) materials. This new plant will represent an […]
One Million and Counting
by Dr. M. Ray Perryman Job openings in Texas as of September reached an all-time high at 1,026,000. According to data from the U.S. Bureau of Labor Statistics (BLS), the state has once again topped one million openings after a few months below that level (initially reached in June). Last September, there were 855,000 openings […]
Water Recycling Pipeline Promises Multiple Benefits
XRI Holdings, LLC, a water recycling company in the Permian Basin, announced Dec. 1 they have commenced construction of their Evolution Pipeline System. The system is a purpose-built large-scale, multi-producer water recycling and produced water infrastructure network connecting XRI’s existing pipeline infrastructure system in Midland County to its significant infrastructure footprint located in Reagan and […]
Wood-Mac Launches New Tool
Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, announced in November their launch of Lens Gas and LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale. As the newest addition to Wood Mackenzie’s Lens data analytics platform, Lens […]
Long Term Outlook for the U.S. Economy
by Dr. M. Ray Perryman Gazing out over the next few decades, I see at least three major challenges confronting the U.S. economy. First, we have to overcome the consequences of the lingering effects of the pandemic, including getting inflation under control, dealing with the inevitable fallout that effort will involve, and working through ongoing supply […]
O&G Contracts Decline Globally
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 […]
Reasons to Audit for Pipeline Leak Detection
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 […]
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