Ambyint, a leader in well optimization and in the application of artificial intelligence in the oil and gas space, recently tapped its COO, David Zahn, for a question-and-answer session regarding the use of AI in the oil patch. That exchange appears below. Q.: How has the pandemic and/or oil price crash accelerated the outlook for […]
Consultants Say Focus on Testing Of Goodwill, Asset Impairment
By Kevin Cannon Market equity prices and indices continued to decrease for many energy companies during 2020. For instance, between January 13, 2020, and December 31, 2020, the S&P Oil and Gas Exploration and Production Select Industry Index decreased by approximately 36 percent, inclusive of a rebound in the second half of the year. Likewise, […]
Researchers Name Technologies Disrupting the Energy Industry
The rise of renewable energy and electric vehicles will lead to significant changes the energy system has not seen in more than a century—bringing both new challenges and new opportunities. Lux Research, a leading provider of tech-enabled research and advisory services, has released its annual report, “Foresight 2021: Top Emerging Technologies to Watch.” The new […]
M&A Deals Reached $54B in Q3
The total value of oil and gas industry merger-and-acquisition deals in the United States during the third quarter of 2020 reached a figure of $54.8 billion, according to industry analyst firm GlobalData, citing its deals database. The value marked an increase of 674 percent over the previous quarter and a rise of 170 percent when […]
Shale on a Recovery Path
The global shale industry is on a recovery path after an 8.1 percent production decline in 2020, according to a recent report from GlobalData. Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7 percent year-on-year and shale gas production may see a 4.5 percent fall, […]
O&G Recovery Spurs Demand For Corrosion Inhibitors
Demand for corrosion inhibitors in the United States is forecast to increase 1.2 percent yearly in volume terms through 2024, according to Corrosion Inhibitors: United States, a report recently released by Freedonia Focus Reports. Advances will largely reflect an anticipated recovery in oil and gas production following the sharp drop in 2020. Rising natural gas […]
Drones Achieve Milestones
ZM Interactive announced Dec. 14 the latest in its line of xFold drones—what they say are the strongest and most adaptable drones in the industry. The xFold drones are said to be the only industrial unmanned aerial vehicles (UAVs) that can switch between x4 (quad), x6 (hexa), X8 (octo), and X12 (dodeca) configurations in minutes. […]
Ten Trends That Reshaped O&G
By Steve Hendrickson The year 2020 was a tumultuous year for the oil and gas industry, but there’s still reason for optimism. In January 2020, I mentioned 10 key oil and gas industry themes that I expected to be significant in 2020. Most of us are ready to put 2020 behind us, but let’s take […]
Despite Pandemic, RRC Has Strong 2020
When the COVID-19 pandemic gripped the world in 2020, the Railroad Commission of Texas took special measures to protect the health of its employees while undertaking initiatives to seamlessly continue operations for its critical mission to protect public safety and the environment. In its annual Year in Review publication, the story of the pandemic and […]
Safety and Productivity of Frac’ing, Per Ferrari
Frac’ing, a practice that is largely misunderstood and overcomplicated by society and the media, can be easily explained and shouldn’t trigger emotions of anxiety, according to Adam Ferrari, founder and CEO of Ferrari Energy. Frac’ing lights up cities, powers cars to stay on the road, and puts food on the table for thousands of hard-working […]
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