OFS companies face a variety of challenges. Despite the rise of oil prices since 2021 and production increases, oil price volatility continues to torment the industry. Competitive pressures are accelerating, driven by customers that continue to demand more value for less money. Supply chain issues have slightly abated, but cost increases continue to squeeze the …
Boosting OFS Asset Utilization: It Starts on the Frontline Read More »
How permanent real-time downhole monitoring can reduce HSE risk and intervention costs, all while improving production and reservoir engineering workflows Introduction Technology and its application in the Oil and Gas industry constantly evolve, with advancements improving safety, efficiency, environmental impact, and financial outcomes. At GEO PSI, we are fortunate to be at the forefront of …
Decreasing Well Intervention Risk With Permanent Real-Time Monitoring Read More »
U.S. crude oil inventories have begun to deplete, especially around the NYMEX futures delivery point at Cushing in Oklahoma and across the Midwest, creating conditions for a squeeze on nearby futures prices. Front-month futures prices and calendar spreads have already risen consistently since the middle of December as traders react to signs the market is …
Commentary: U.S. Oil Futures Primed for Another Squeeze on Cushing: Kemp Read More »
U.S. President Joe Biden paused pending approvals of exports from new liquefied natural gas projects, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. TD Cowen says it sees the timing as “suspicious” and don’t expect finalized policy reform before election. “We believe the global …
Impact of U.S. Pause on New LNG Project Approval Could Take Years to Manifest – TD Cowen Read More »
U.S. President Joe Biden’s administration on Friday announced a pause on pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts. Many companies have been waiting for the U.S. to green light licenses to export LNG to their …
Companies Most Affected by U.S. Pause on LNG Export Permits Read More »
U.S. natural gas futures jumped about 6% to a one-week high in volatile trade on Friday ahead of contract expiration on forecasts for higher demand in two weeks when the weather turns slightly cooler and with the slow return of output from last week’s Arctic freeze. Traders noted prices fell by over 5% earlier in …
U.S. Natgas Prices Jump 6% Ahead of Contract Expiry, Slow Output Return Read More »
Jan 26 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since early December, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator …
US Drillers Add Oil and Gas Rigs for Second Week in a Row – Baker Hughes Read More »
Sustainable auto part prototype courtesy of Ford On your average day, olives are pressed into olive oil. But Ford has recently started pressing them into service in a whole new way. In a move that would make any Nonna proud, Ford is testing car parts made from 40 percent olive tree fibers and 60 percent recycled plastic. …
From Olive Groves to Garages: Ford’s New Sustainable Car Parts Read More »
By Aaron Foyer The topic of energy in the United States is a complex one, with varying viewpoints across the political spectrum. Republican Views Fossil fuels: Generally support the continued use of fossil fuels like oil, natural gas, and coal. They argue that these resources are crucial for economic growth, energy independence, and job creation. Regulatory …
INFOGRAPHIC: Views on Energy Sources by Party – ENERGYminute Read More »
Freeport LNG expects one of the three gas liquefaction units at its Texas plant to be out of service for a month after it faced a technical issue during Winter Storm Heather, the company said on Friday. Heather is the name given to a deep freeze that spread across Texas and much of the U.S. …
Freeport LNG Faces Month-Long Unit Outage Due to Winter storm Read More »
