A federal court on July 2 sided with 16 states to lift the Administration’s pause on new permit approvals for LNG exports. Judge James Cain of the Western District of Louisiana ruled that the DOE has failed to justify why it needed to pause approvals to review the process by which it permits projects. Energy […]
RRC Expands Info in O&G Monitoring Plan
Texas Railroad Commissioners have approved the agency’s Fiscal Year 2025 Oil and Gas Monitoring and Enforcement Plan, which includes added information to provide the public further insight on the agency’s work to protect the environment and Texans. The annual plans define the RRC’s strategic priorities for monitoring oil and gas activities and enforcing regulations across […]
New Method Pioneered for Completions Data Transfer
Intelligent Wellhead Systems, a provider of automation and digitalization solutions to the oil and gas industry, along with ProFrac, a provider of hydraulic fracturing services, announced on July 2 what they describe as successful field tests utilizing MQTT (Message Queuing Telemetry Transport) protocol for the safe and efficient transfer and visualization of wellsite data during hydraulic fracturing operations. Working […]
AI and the Future of Energy
Artificial Intelligence (AI) is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds, and governments. Just as the internet and mobile communications led to higher global economic growth by boosting trade and productivity, AI and advanced computing capability are expected to deliver transformative change. Besides a shot in […]
Remainder of 2024 Unlikely to Hold Wild Price Moves
The first half of 2024 has been riddled with geopolitical tension that’s made for a wild ride with crude oil prices. With West Texas Intermediate (WTI) prices ranging from $70 per barrel in January to as high as near $87 per barrel in mid-April, many are left wondering if this ride will continue through the […]
Company Recognized as Revolutionary
Intelligent Wellhead Systems Inc. (IWS), a provider of innovative automation solutions for oilfield completions operations, announced that Industry Tech Insights, a business magazine dedicated to addressing current and future industry needs, selected the company May 2 as one of the “Top 10 Companies Revolutionizing Oil and Gas in 2024.” According to Industry Tech Insights, in 2024 the […]
Downhole Tools Provider Opens Delaware Basin Location
Fortress Downhole Tools, a provider of advanced setting tool solutions to the oil and gas industry, announced May 29 the expansion of its operations with the opening of four new strategic locations across the United States. The new locations include Carlsbad, N.M., serving the Permian Delaware Basin; Alice, Texas, serving the Eagle Ford Basin; Fort […]
O&G Contracts See 37 Percent Decline
The oil and gas contracts market faced turbulence, with a notable quarter-on-quarter (QoQ) decline of 37 percent in disclosed contract value, dropping from $50.2 billion in Q4 2023 to $31.4 billion in Q1 2024. This decline was accompanied by a decrease in overall contract volume, according to a May 23 report from GlobalData, a data […]
November Elections Could Cause Deceleration of Energy Transition
A Republican victory in 2024 could roll back decarbonization policies and usher in a delayed energy transition for the United States. Low carbon supply investment occurs, just not at the pace for Net Zero. A victory for former President Donald Trump in the November 2024 election, combined with long-standing issues around the U.S. relationship with […]
The Geopolitics of Energy
Students from the Texas Christian University Neeley School of Business met with influential leaders throughout Europe as part of their course, “The Geopolitics of Energy.” The students and instructors from the Ralph Lowe Energy Institute held discussions with the International Energy Agency in Paris (see photo), the Energy Directorate of the European Commission in Brussels, and […]
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