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 […]

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 […]

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 […]

Railroad Commissioner Wayne Christian testified on May 2 before the House Select Committee on Protecting Texas Liquified Natural Gas (LNG) Exports. Earlier this year, the Biden Administration announced it was pausing approval for pending and future applications to export LNG. Texas ships out about half of the nation’s LNG. In 2023, Texas increased its LNG exports […]

Bedrock Energy, an early-stage technology company that designs and constructs geothermal heating and cooling systems, announced April 17 the completion of its inaugural geothermal project with real estate and infrastructure owner, operator, lender, and developer CIM Group. Bedrock successfully installed a geothermal borefield and heating and cooling system at Building D of the Penn Field […]

BCCK, a leader in engineering, procurement, fabrication and field construction services, announced April 1 another award of a NiTech Dual Tower Nitrogen Rejection Unit (NRU) to be located in West Texas. The newly awarded 160 MMSCFD NiTech Dual Tower NRU utilizes cutting-edge technology to extract nitrogen from the residue gas of a cryogenic gas processing facility. This […]

by M. Ray Perryman Since the expiration of COVID-19-related provisions requiring states to keep residents enrolled in Medicaid, an estimated 2.1 million Texans have lost their coverage. Texas has by far the highest number of uninsured in the country and has removed significantly more individuals from coverage than any other state. The primary reason to […]

The non-farm payroll (NFP) report for April 2024 was viewed as normalizing downward, towards the average trend of the previous year, with 255,000 payroll additions, marginally ahead of the consensus expectation of 250,000, but below last month’s 303,000. This downward normalization is reflective of the recent U.S. Job Openings (JOLTS) for March, which decreased by […]