By John de Viet, Solutions Development and Sales Support Manager at KROHNE With the skyrocketing cost of fuel, the impacts of any mistakes made while loading and unloading liquid natural gas (LNG) carriers is increasing. This makes it even more important for plant and instrumentation managers to have access to the most accurate measurement tools. New automated […]
Clays and Cookery Come ‘Round Again
It happens only once a year, and the date fast approaches. The Permian Basin Petroleum Association’s Sporting Clay Shoot and Pit King Challenge comes to Jake’s Clays in Midland, Texas, Aug. 11. The occasion features a morning clay shoot followed by a delicious BBQ pit cook-off lunch. This event affords a great way to meet fellow […]
Fitch: New EPA Emissions Standards May Pressure Power Project Ratings
The U.S. Environmental Protection Agency’s (EPA) recently proposed guidance for limiting greenhouse gas emissions from coal and gas-fired power plants could result in material compliance costs and erode operating margins for power generators reliant on fossil fuels, according to Fitch Ratings. In May, the EPA proposed new carbon emissions restrictions that would require phased-in implementation […]
Debate Surges over… AI Hallucination?
The rise of generative artificial intelligence (AI) tools with large language models (LLM) such as ChatGPT, Bard, and Bing, has ignited a spirited discussion among Twitter and Reddit influencers. Dubbed the “AI hallucination debate,” it centers around concerns regarding the accuracy and reliability of information generated by these tools, fueling calls for ethical oversight and […]
Natural Gas: Here to Stay
At the AIEN International Energy Summit in Miami, Fla., one of the panels was tasked with answering the question, “Natural Gas: Fueling the Energy Transition?” The moderator of the session, Majed Limam, Manager, Americas, LNG and Natural Gas Advisors, Poten & Partners began the conversation by reminding the audience that the recent G7 in Japan […]
North American Gas Market to Expand 25% in 10 Years
Near-term gas market expansion continues to be driven by global demand for U.S. LNG exports, which will largely be supplied through continued growth in Permian associated gas and Haynesville production, according to a recent report from Wood Mackenzie. “LNG export growth will drive the market for many years but will slow substantially in the 2030s, […]
Growth Projected for Texas, U.S.
By Dr. Ray Perryman The most recent Perryman Economic Forecast for the United States and Texas calls for growth through 2027, though the path will likely be somewhat uneven. According to Dr. Ray Perryman, President and CEO of The Perryman Group, “The nation is facing significant headwinds. Although inflation is finally moderating, the inevitable fallout […]
Permian Energy Development Lab Get $1 Million From Foundation
The National Science Foundation (NSF) announced in May a funding award to lay the groundwork for a new regional innovation engine in the Texas and New Mexico Permian Basin. The grant funding—$1M to cover a two-year period—is the first step toward a potential ten-year, $160M NSF investment. NSF is an independent federal agency that provides […]
Tinker: “No Form of Energy is Renewable”
At the International Energy Summit in Miami, Fla., held May 30-June 1, Dr. Scott Tinker, Director, Bureau of Economic Geology, The University of Texas at Austin, delivered a talk challenging the idea of renewable energy. The lecture sparked intense discussion on the ongoing energy transition. Each year, AIEN hosts a lecturer as part of their […]
Machine Learning To Transform Oil and Gas
Machine learning is a rapidly growing field in the oil and gas industry. It can be used to analyze seismic data, well logs, and other geologic data to identify potential oil and gas reservoirs. Machine learning algorithms are also capable of analyzing production data and identifying patterns that can be used to improve well performance. […]
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