Enverus Intelligence Research, a subsidiary of Enverus, a global energy data analytics and SaaS technology company, released on May 25 a report focusing on its five-year supply, demand and price outlook. The report confirms that nearly three months into the Ukraine war, oil and gas markets remain tight with Brent oil trading well above $100/bbl […]
Interoperability: What it is And Why it Matters
We are now living in a digital world. E-commerce consumers expect goods to be delivered faster and more flexibly than was the case just a couple of years ago. Organizations, retailers, and their warehouse service providers therefore need to find new ways to move, store, and dispatch goods with agility and accuracy. Add the widespread […]
O&G Hedging Remained Active Before 2022 Price Spikes
By Josh Schulte, Jeff Nicholson, and Reece Lambert Hedging remains a mainstay activity for many oil and gas producers desirous of protecting cash flows and managing operating budgets. However, these hedge programs and coverage levels were in place before price increases that occurred in early 2022. This resulted in the 30 largest public oil and […]
Augmented Reality (AR) to Help Bridge Skills Gap in the Oil and Gas Industry
The COVID-19 pandemic, geopolitics, and energy transition expectations have caused the oil and gas industry’s skills gap to slip down companies’ agendas, says GlobalData, a leading data and analytics company. According to GlobalData, the industry needs to capitalize on emerging technologies such as augmented reality (AR) to accelerate the training of a new generation of […]
Myth vs. Reality in Supply Chain Optimization
By Patrick Long Optimization tools are powerful additions to the arsenal of business systems for any company. The tools leverage the transactional advantages afforded by the discipline and interconnectedness of energy trading and risk management (ETRM) systems. They build on rich data in a continuous feedback loop where new objectives are set, and new forecasts […]
The “Ruggedized” Approach
by Jeff Elliott In all segments of refining and distribution, oil and gas facilities and pipeline stations regularly store and dispense large quantities of flammable and combustible liquids. Given the potential for gas, vapor, or dust to collect in these areas, the electronic equipment installed for automation and control must be designed specifically to prevent […]
Upstream M&A Opens Strong in 2022
Enverus, a leading energy data analytics and SaaS technology company, has released its summary of 1Q22 M&A activity. As the M&A market marched into the new year, $14 billion in deals were announced during the first quarter of 2022. The $6 billion transacted in January 2022 was the strongest M&A market launch in five years. […]
With Record Selloffs of U.S. Oil Reserves Can OFS and Tech Stocks Keep Up?
In response to the global energy crisis, the Biden administration is selling a record amount of emergency oil from the USA’s national reserves to bring soaring fuel prices under control. Despite these efforts there’s a growing skepticism over whether unconstrained U.S. gas production can last. However, because of ~$100 oil and large gaps in renewables, fossil fuels remain crucial to the western way of life. […]
Seventy-Five Years in Business
From its founding in 1947 in Larose, La., Danos has continuously evolved and expanded to serve its customers. This year, the family-owned and managed company celebrates 75 years as a leading service provider to the energy industry. With nearly 2,500 employees, Danos services approximately 150 customers across 17 states. CEO Paul Danos credits the company’s […]
Methane Monitoring Gains Ground
New partnerships formed between oil and gas companies and methane monitoring service companies show that the methane monitoring trend is gaining traction. In separate announcements, two new partnerships revealed their pro-active stances. Kuva Systems, a leader in continuous methane monitoring for the oil and gas industry, announced April 12 that it has deployed additional infrared […]
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