With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a data and […]

North American pressure pumping operators using a new dynamic gas blending (DGB) system reduced diesel consumption by approximately 100 million gallons in 2023 alone, according to Caterpillar Oil and Gas. This outcome, quantified via telemetry, signals that pressure pumping operators significantly lowered fuel costs by leveraging the DGB solution. The system, known as the Cat®Tier […]

Enverus Intelligence Research, a subsidiary of Enverus, an energy-dedicated SaaS company, released on Oct. 1 its Oilfield Services Market Fundaments report that examines supply and demand dynamics in each service line. EIR also forecasts changes in year-end costs to coincide with E&P budgeting season. “We believe activity has bottomed and oilfield service price will bottom […]

By Mari Salazar, SVP, Manager, Energy Banking and Cameron Reed -VP, Loan Syndication Consultant, BOK Financial   It’s a whole new world for energy banking. The universe of dedicated energy lenders has declined over the past decade, and lenders are settling into the new energy banking landscape. Some 20 years ago there were more than […]

Eyes in the sky are now becoming intelligence in the sky as well. Artificial intelligence. The firm known as Cyberhawk has advanced the frontier by another step with its introduction of AI-powered UAS (unmanned aircraft system) inspections. Cyberhawk, specialists in drone-based inspection and survey services and visual data management software, announced on Oct. 2 a […]

The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels, which has led companies to scale down their energy transition pursuit. This will likely continue in 2024, but the switch towards low-carbon energy is […]

Fort Worth-based Baseline Energy Services LP recently opened a new facility to serve customers in the Uinta Basin. The center, situated in Roosevelt, Utah, is fully equipped to support that region’s mobile power generator fleet and will provide a full range of maintenance and repair services. To support Baseline’s mission, the new facility will be […]

Global oil and gas contract activity received a boost from Petrobras’ key upstream contracts in the second quarter of 2024. The industry witnessed a notable 47 percent quarter-on-quarter increase in total disclosed value to reach $54.91 billion in Q2 2024 from $37.3 billion in Q1, reveals GlobalData, a data and analytics company.   GlobalData’s latest report, “Oil […]

The EY US oil and gas reserves, production, and ESG benchmarking study reveals an industry demonstrating remarkable resilience and financial performance, despite facing a challenging economic landscape in 2023. The study, released Aug. 20, examines the 50 largest publicly traded exploration and production (E&P) companies, highlights the industry’s ability to navigate price fluctuations and maintain a […]

Brazos Midstream announced Aug. 15 the completion of several significant milestone projects consisting of major new-build pipelines and processing facilities located in the core of the Midland Basin, one of the most active oil and gas producing regions in the United States. Brazos’ buildout of new Midland Basin gas midstream infrastructure is anchored by the […]