Industry Trends
Article
October 2024
The oil and gas industry has used CO2 for enhanced oil recovery (EOR) in mature reservoirs for 50 years. Now, as CCUS becomes a critical part of the industry's decarbonization strategy, lessons learned from EOR can help solve CO2-related subsurface challenges.
Article
October 2024
Engineers leveraged data analytics, domain knowledge, and physics and machine-learning models to generate a depth-based optimum operating parameter roadmap automatically. This workflow enables ROP improvement and the reduction of drilling risks, becoming a key element for evolution of autonomous drilling operations and well cost reduction.
News
October 29, 2024
(Bloomberg) — A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming a major boon for the fossil fuel industry.
News
October 25, 2024
Techouse has teamed up with TotalEnergies, Equinor and SINTEF Energy Research, to develop and test a compact, lightweight once-through steam generator (OTSG) to reduce fuel consumption and CO2 emissions from offshore oil and gas installations.
News
October 24, 2024
(WO) — U.S. natural gas production from shale and tight formations decreased slightly in the first nine months of 2024 compared with the same period in 2023, according the U.S. Energy Information Administration (EIA).
News
October 24, 2024
(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields.
News
October 22, 2024
(WO) — Halliburton has introduced iCruise® Force, part of a strategic product system designed to expand drilling capabilities to optimize performance and maximize asset value for operators.
News
October 22, 2024
(WO) — Enovate AI has partnered with Blu Clarity to deliver AI-powered real-time data analytics that will enhance efficiency, reduce costs, promote sustainability and ultimately revolutionize upstream oil and gas operations.
News
October 16, 2024
Seeq enters partnership with AVEVA, highlighting the companies’ integrated platforms that simplify access to operational data in context, enabling chemical, energy, metals, mining, utility, and other industrial organizations to improve their operations and production outcomes.
News
October 15, 2024
Nabors Industries has announced a definitive agreement to acquire Parker Wellbore in a transaction valued at $472 million. This strategic move strengthens Nabors' Drilling Solutions business and will lead to profitable growth for both companies.
News
October 14, 2024
Fulkrum has announced the expansion of its service portfolio with the introduction of new Asset Integrity Management (AIM) Services.
News
October 13, 2024
At least one investor is making a big bet that CNX Resources Corp. will keep climbing even as the natural gas producer’s stock reached a 10-year high this week.
News
October 10, 2024
Exxon Mobil Corp. wins the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico, in what will be the largest concession of its kind in the U.S.
News
October 09, 2024
The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders.
News
October 10, 2024
Woodside has finalized the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG development for approximately $900 million in cash, or $1.00 per share, with an implied enterprise value of $1.2 billion.
News
October 09, 2024
ADNOC Gas is using advanced 3D printing technology to manufacture critical replacement components, aiming to save $50 million by 2028. The company has created one of the largest digital libraries in the energy industry, storing over 3,500 scanned components that can be printed on demand.
News
October 08, 2024
Gran Tierra Energy Inc. has announced that the shareholders of i3 Energy plc, a public limited company organized under the laws of England and Wales, have approved Gran Tierra’s previously announced acquisition of i3 Energy.
News
October 07, 2024
Mike Sommers, president and CEO of the American Petroleum Institute (API), addressed the New Mexico Oil and Gas Association in Santa Fe today, emphasizing the critical role of U.S. energy security amid rising global tensions.
News
October 07, 2024
More consolidation in the U.S. shale sector is needed to cope with soaring costs to identify and exploit untapped oil reserves, according to Kimmeridge Energy Management Co.
Article
September 2024
Oil prices dipped in August—true to previous predictions by the EIA—and compiled futures prices are expected to continue to drop into September.
News
October 06, 2024
Exxon said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period.
