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 […]
Fitch Says O&G Sector Outlook is Improving
Gradual improvements in the global oil and gas (O&G) sector’s performance next year will be driven by higher average prices, even though demand is unlikely to fully recover in 2021, Fitch Ratings says. A quicker-than-expected energy transition could disrupt the sector. Most major oil companies are targeting steady emissions reduction and decarbonization. Fitch expects a […]
WoodMac Introduces New Analytics Tool
Wood Mackenzie, an international research-and-consultancy in natural resources, has launched a new program, called Lens Upstream Optimization, that is designed to transform how E&P companies, banks, and institutional investors conduct their upstream M&A deal ideation and analysis, as well as portfolio high-grading. As John Dunn, head of the company’s Upstream Product Management service, said, “This […]
New Service Reduces Water Management Costs
Frac’ing a well in the Permian Basin can require up to 42 million gallons of water. Getting so much water from identified sources to a well often involves synchronized operation of multiple large diesel pumps spread out over the entire length of the transfer line. The pumps must be started and brought up to operating […]
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