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 […]
Pioneer Expresses Disagreement With FTC Over Merger Condition
(BUSINESS WIRE)—Pioneer Natural Resources Company issued on May 2 the following statement in response to the decision by the U.S. Federal Trade Commission (FTC) to clear the proposed merger with Exxon Mobil Corporation subject to a consent order based on allegations in a settlement complaint directed at Scott Sheffield, former CEO of Pioneer: We disagree […]
Christian Blasts Biden’s LNG Attack
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 […]
Geothermal Project Completed For Urban Mixed-Use Property
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 […]
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