Morningstar’s outlook for the North American O&G sector in 2026 calls for resiliency despite the prospect for oil and natural gas price volatility. Lingering uncertainty about global trade, the now-paused unwinding of OPEC+ supply cuts, and non-OPEC+ supply growth have prolonged market angst about global crude oil oversupply, keeping pressure on oil prices. The spot […]
Economic Expansion Expected to Continue in 2026
The U.S. economy is expected to remain resilient in 2026 despite a moderation in growth, according to the 2026 Equipment Leasing and Finance U.S. Economic Outlook, released Dec. 17 by the Equipment Leasing and Finance Foundation. Real equipment and software investment is projected to rise 6.2 percent in 2026, easing from 2025’s standout pace but still strong […]
FITCH: GLOBAL O&G OUTLOOK FOR 2026 IS NEUTRAL
Fitch Ratings‘ “neutral” 2026 outlook for the global Oil and Gas sector reflects its assumption that the Brent oil price will average about $63/barrel, down from $69/barrel in 2025, with geopolitical risks supporting prices while large oversupply constrains them, Fitch said in a report published Dec. 12. The oil market will remain oversupplied as supply […]
Firm Acquires Remainder of Data Center, Expands Campus
New Era Energy and Digital, Inc., a developer and operator of next-generation digital infrastructure and integrated power assets in the Permian Basin, announced Dec. 23 that it has entered into a binding agreement to acquire Sharon AI’s 50 percent ownership interest in Texas Critical Data Centers LLC (TCDC). Upon closing, the transaction will result in […]
Equipping the Future Oilfield Workforce with Digital Technology
EZOps, a division of Detechtion Technologies and a leading provider of mobile oilfield management solutions, announced Dec. 11 a strategic partnership with Midland College to provide the EZOps Mobile Oilfield Management platform as part of the college’s Energy Technology Program. This initiative will empower students with hands-on experience using cutting-edge digital tools that streamline oilfield […]
Autonomous Sand Transport Takes to Public Roads
Aurora Innovation, Inc., the leader in self-driving freight, announced Dec. 8 a commercial agreement with Detmar Logistics, a leading provider in dry bulk and frac sand logistics solutions, to autonomously transport proppants around the clock for one of the world’s largest multinational oil and gas companies. The deployment marks the first time frac sand will […]
Energy Center Breaks Ground in Ward County, Texas
Competitive Power Ventures (CPV) broke ground Nov. 20 on the construction of the CPV Basin Ranch Energy Center, a 1,350-megawatt combined-cycle natural gas power plant in the Permian Basin. Company leaders, project partners, and community members gathered to celebrate the milestone. Sherman Knight, CEO of CPV, said, “These are the days that excite our team, […]
Tenaris Adds Rail to its Midland Service Center
Tenaris announced Nov. 6 the construction of a new 2.3-mile rail spur at its service center in Midland. The new section of railroad will directly connect the company’s yard with the Union Pacific Railway, allowing pipe to be safely unloaded by rail. Construction on the rail spur is planned to start in early 2026 with […]
Distributed generation: The Turbines are Coming
Enverus Intelligence Research (EIR) released a new report Nov. 26 analyzing how distributed generation is reshaping power supply for hyperscale data centers amid infrastructure bottlenecks. Wait times for large-scale gas-generating equipment now exceed five years, while smaller units such as aeroderivative turbines and fuel cells can be deployed in months. Carson Kearl, senior analyst at […]
Petroleum Theft Task Force Convenes
To begin coordinated action against the rising threat of petroleum product theft in Texas, the inaugural meeting of the State Task Force on Petroleum Theft (STOPTheft) held its inaugural meeting Oct. 29 at the Austin headquarters of the Railroad Commission of Texas, with RRC Chairman Jim Wright presiding over the proceedings. Established during the 89th […]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 54
- Next Page »