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 […]
ETRM Challenges
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 […]
Business Sentiment Trending… Flat
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” […]
Oil and Gas Analytics Market To Grow Steeply Next 10 Years
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 […]
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