Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released in mid-October its summary of 3Q24 upstream M&A activity. Following 12 months of heightened consolidation in oil and gas, the pace of deals significantly slowed in the third quarter of 2024, with $12 billion in announced deals, the lowest quarterly total since 1Q23. […]

National Center for Energy Analytics (NCEA) Senior Fellow Tristan Abbey recently published a report examining the politicization of liquid natural gas (LNG) exports and recommending three pathways to ensure the United States maintains, even expands, the economic and geopolitical benefits from its dominant position in the global LNG market. Abbey explores the history of LNG […]

Oilfield Helping Hands (OHH), a non-profit organization that helps oilfield families in financial crisis due to no fault of their own, announced Oct. 28 the launch of its Dallas/Fort Worth Chapter. The chapter fosters support within the oil and gas community by connecting individuals and organizations committed to improving the lives of families in times of […]

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 […]