In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital. Certain technologies—such as artificial intelligence (AI), blockchain, cloud computing, the Internet of Things (IoT), robotics, and virtual and augmented reality (VR and AR)—are now part of their daily routine. These digitalization […]

by Mark J. Higgins, C.F.A, C.F.P.   In response to Trump’s proposed tariff policy, Mark J. Higgins, financial historian, senior investment advisor, and author, offered the following insights. At the present moment, there is far too much uncertainty to precisely gauge the effects of tariffs proposed by the incoming administration, but history does provide guidance on […]

Mammoet’s SK6000—deemed by its makers to be the world’s strongest land-based crane—has been tested for fully electric operation. It now offers zero-emission capability to projects taking place anywhere in the world. Through this innovation, Mammoet seeks to help its customers reduce the emissions profile of large projects. The technology also reduces the noise generated by […]

Global oil and gas contract activity saw a 35 percent quarter-on-quarter decrease in total disclosed value from $55.3 billion in Q2 2024 to $35.7 billion in Q3 2024. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects, such as Saipem’s $4 billion contract with QatarEnergy and multi-billion-dollar agreements from […]

ChampionX announced Nov. 18 its completion of a multi-million-dollar transformative project to enhance its chemical manufacturing hub in the Permian Basin. The project is an initiative to meet industry demands while reducing inter-plant transportation, and associated carbon emissions, by approximately 56.7 tons of CO2 per year. The ChampionX manufacturing plant in Odessa, Texas, was established in […]

Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), a leader in the design and manufacturing of compressors, steam turbines, and associated auxiliaries, announced Dec. 3 they have successfully manufactured, tested, and shipped steam turbine driven compressor packages (turbomachinery) to Golden Triangle Polymers Company, a Chevron Phillips Chemical Company (CPChem) and QatarEnergy joint venture, for their world-scale […]

Lubbock-based SIMFLO, one of the nation’s top providers of industrial, municipal, and commercial and agricultural-use pumps, announced Dec. 2 they have added industry-changing, first-of-its-kind innovative technology to their new Engineered Products Facility, which features one of the largest and most advanced vertical turbine test facilities in North America. The technology, provided by Lubbock-based SitePro, Inc., […]

Ed Sullivan, the Chief Economist and Sr. Vice President of Market Intelligence for the Portland Cement Association (PCA)—which represents America’s cement manufacturers—said on Oct. 14 the Federal Reserve’s recent move to lower interest rates coupled with easing inflation signals a significant retreat in interest rate levels by the end of next year, all to the […]