Oil supply in the United States saw major growth in 2023, with production rising by 850,000 barrels per day. However, oil demand has not kept pace with this increase and looks incredibly weak going in 2024. To remedy this mismatch and set up a more positive outlook for 2025, producers are expected to slow production […]
Lithium Chloride Extracted in Permian Field Test
Element3, the critical material extraction company specializing in oil and gas wastewater, announced Jan. 30 it successfully extracted lithium chloride from oil and gas wastewater at a Double Eagle Energy Holdings IV subsidiary’s produced water recycling facility. Prior to this test, it was widely held that lithium chloride could not be extracted from produced water […]
Predictive Maintenance: Crucial to O&G Success
Maintenance strategies in the oil and gas industry have gradually transformed from their early days in the 19th century. To achieve operational longevity, timely maintenance is necessary to prevent expensive repair works and unplanned production outages. Technologies, such as AI, machine learning, and the internet of things (IoT), add enormous value to predictive maintenance strategies, […]
Replace All Combustion Cars? Obrist Has a Better Idea
“It is unrealistic to believe that the global vehicle population of more than one billion cars with combustion engines can be replaced by electric cars in the foreseeable future,” says Frank Obrist, founder of the Obrist Group, which focuses on sustainable energy concepts, and calls for “more realism and less ideology in energy policy.” He […]
Christian: Biden’s LNG Policies Hurt Americans And Endanger Europeans
Following news that the Biden Administration would effectively pause new liquefied natural gas (LNG) plants, Texas Railroad Commissioner Wayne Christian on Jan. 26 issued the following statement: “Texas natural gas is saving the free world, and President Biden wants to end it. His administration’s pause on new liquified natural gas export (LNG) plants may recklessly endanger European […]
Control Devices Acquires Gilmore
Control Devices LLC, a portfolio company of HBM Holding, announced Jan. 29 it has acquired Gilmore. The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector. “Gilmore has a history of excellence in the […]
Marcellus Basin Water Transfer Company Takes Its Experience to the Permian
Keystone Clearwater Solutions is bringing its experience as a provider of automated water transfer services in the Appalachian Basin to West Texas. The company announced that it has established a Permian Basin Business Unit in Odessa. Keystone Clearwater began its first water transfer projects in Texas in early December. “Since 2009, Pennsylvania has grown to […]
Deal Him In: Dealy Takes Reins at PXD
(BUSINESS WIRE) Pioneer Natural Resources Company announced Jan. 2 that Richard (“Rich”) P. Dealy has commenced his new role as CEO and Scott D. Sheffield has transitioned to the non-executive role of Special Advisor to the CEO, both effective January 1, 2024. As previously announced, Dealy succeeds Mr. Sheffield, who retired as CEO on December […]
On AI, Cybersecurity, and Email Authentication
In 2024, we can expect to see a dramatic escalation in AI-fueled disinformation and sophisticated cyber threats, especially during the U.S. election year. With disinformation spreading more rapidly due to advanced AI tools, email authentication will become critical to safeguard against false narratives. The election season will likely see intensified information attacks, highlighting the need […]
Soliman’s Legacy of Innovation Celebrated
For nearly seven decades, hydraulic fracturing technology innovation has been the cornerstone of economic production from low permeability formations, unlocking vast reserves of natural gas and oil. The success of this technology relies on the collaboration of experts from various disciplines, including rock and fluid mechanics, geoscience, completion engineering, reservoir engineering, and production engineering. At […]
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