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The numbers don’t lie: reservoir engineering just crossed a line it can’t uncross. What happened between 2024 and 2025 wasn’t gradual adoption—it was transformation. based reservoir engineers reveals a profession that has reached a strategic inflection point. Our survey of over 150 U.S.-based The takeaway?
Infrastructure developer Black & Veatch announced the company has completed execution of a front-end engineering design (FEED) study for the Whitelee Green Hydrogen Project near Glasgow, Scotland. The contract was awarded to Black & Veatch in October 2024.
1 â AI power: Expanding data center capacity to meet growing demand ,â McKinsey, October, 29, 2024. 4 âElectricity explained: Electricity generation, capacity, and sales in the United States,â US Energy and Information Administration, July 16, 2024. Improved well productivity.
(EIA) – In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. energy consumption in 2024. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. Coal was the largest source of U.S.
Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost two decades. We should turn this wasted gas into an engine for economic development.”
bpd (2024) → 13.4M bpd (2024) → 13.4M bpd (2024) → 13.4M bpd (2024) → 13.4M bpd (2024) → 13.4M bpd (2024) → 13.4M Rig Count: Increased by 7 rigs to 544 — first weekly gain in 12 weeks , and the largest since December. bpd (2025) Gas Output: EIA sees an increase to 105.9 Bcf/d in 2025 from 103.2
Longitude’s engineering scope comprises the detailed design of deep-water rigid jumpers, development of fabrication drawings, onshore and offshore handling procedures, offshore installation engineering, process and stress modelling, and key HSE studies and engineering workshops. “We
Oil & Gas Contact Directory Flowback Consultants and Well Testers Contact List Completions Engineer Contact List Completions Consultant Contact List Drilling Engineer Contact List Drilling Consultant Contact List The post ConocoPhillips & PD 868: Robotics Redefining Drilling in the Canada appeared first on Oil Gas Leads.
The Federal Clean Electricity Regulations (CER), finalized in December 2024, establish annual emissions limits for fossil fuel power plants, effectively phasing out coal and gas over three decades. For context, capacity grew just 8% from 2020 to 2024. LNG Canada has created over 300 permanent jobs itself.
Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. In Q4 2024 , Mach’s production averaged 86.7
Mark Woodward , Reservoir Engineer: Enhanced economics justify initial investment. Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries. Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries.
2),â Eurostat, accessed June 2024; âEmployment by sex, age, and detailed economic activity (from 2008 onwards, NACE Rev.2 2 two digit level)â1000,â Eurostat, accessed June 2024. In 2024, the European Commission set the CO 2 emission allowance cap at nearly 1.4 percent reduction factor for 2024 to 2027 and 4.4
This would add to costs, small independent producers and petroleum engineers tell Reuters. million bpd in 2025, up from more than 6 million bpd in 2024, the basin “is simultaneously generating an unprecedented volume of produced water—a costly and complex byproduct of hydrocarbon extraction,” B3 Insight said earlier this year.
in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. from 2018-2024. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada.
ProFrac’s Livewire Power delivers distributed energy for remote frac sites Liberty Energy’s LPI supports natural gas fueling and compression Operators are favoring dual-fuel and electric fleets to cut emissions and costs The energy transition is hitting the frac pad—with scalable power infrastructure now a revenue driver.
Oklahoma’s rig count remains above 2024 levels , despite a weekly dip. Rig Count Falls for 9th Straight Week, Oil Rigs Hit 3-Year Low – Baker Hughes appeared first on Oil Gas Leads.
decline compared to the same period in 2024, which recorded 4,551 permits. Period New Well Permits Jan–June 2024 4,551 Jan–June 2025 3,828 (incl. Outlook While the Permian remains the engine of U.S. That’s a 15.9% forecast) Change –15.9% oil production, the data signals a measured pullback in 2025.
That is the second lowest quarterly deal value since the start of 2024 and placed 1H25 M&A value at $30.5 billion, a 60% drop compared to the first half of 2024. One type of deal that has been notably absent this year is public company consolidation, a key component of the market in 2023 and 2024.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
This is whatâs known as range anxiety ; it encompasses the unease that can surface for the driver because of an electric vehicleâs (EV) limited driving distance (at least, compared with an internal-combustion-engine (ICE) vehicle), a lack of convenient charging stations, and the need to recharge frequently.
Rigs like H&P 313 and H&P 375 have already drilled 50+ wells in 2024 across New Mexico and Texas. in 2024, through: Base and variable dividends Opportunistic share buybacks Low reinvestment rate (~35%) At a P/E ratio of just 8.57x and current share price of ~$15, analysts see room for upside.
THREE60 Energy, a global life cycle solutions company specialising in engineering, operations and systems, has announced its financial results for the year ending 31 December 2024; last year was the strongest year of growth to date with revenue increasing by 36% year-on-year to £181.7 million, while EBITDA rose by 82% to £11.3
The contract follows Kinetics’ confirmation of the option for a fourth FSRU conversion project with Seatrium announced in April 2024, as well as the award of three LNG carrier conversions into FSRUs for the company, with an option for a fourth project, Seatrium said. Financial terms of the contract were not disclosed.
During June 2025, Keddington produced a total of 992 bbl of oil over 23 days of timed pumped production averaging 10.4 h/d with an average flow-rate of 43 bpd gross during the period. All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
million settlement agreement for losses resulting from 2024 turbine blade failure on the Vineyard Wind 1 offshore wind project… The Town and County of Nantucket and GE Vernova have signed a $10.5
Actually, it was in late 2024 that the wireline sector witnessed a big move, when Axis Energy Services merged with Brigade Energy Services to create what the combined company—Dallas-based Axis Energy Services LLC —described as the largest well servicing company in America. Pintail’s 2024 revenues topped more than $400 million.
Shell's LNG Outlook 2024 predicts that global LNG demand will grow by approximately 50% by 2040, driven by emerging economies like India and Vietnam that are prioritising lower-emission energy sources to fuel their development while meeting climate commitments.
(NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America.
"Constructing an offshore wind farm is a massive engineering and logistical challenge, requiring the synchronized effort of up to 15 different vessels. Its cranes were upgraded in 2024 and are now able to lift 1,600 tons. This results in a swept area of 43,700 square meters (470,380 square feet), the company said.
Progress on the previously announced Glacier Phase 2 continues on time and, despite tariffs and inflation, within 10% of the budget set at the Final Investment Decision on July 9, 2024. Entropy is a privately-owned company applying sophisticated science and engineering to develop commercial CCS projects. About Entropy Inc.
Irish-based Petrel Resources Plc (LON: PET) has published its consolidated financial statements for the year ended 31st December 2024. Petrel had made such proposals from 2004 through 2009 on the Subba & Luhais fields, on which we were the EPC (Engineering, Procurement & supervision of Construction) Operator. By John Lee.
“Continued customer growth is driving demand, and the average annual number of metered customers is expected to increase from the December 2024 level of nearly 648,000 to 867,000 in 2045”, the plan states. The company expects its peak load to grow by around 1,700 MW over the 20 years, with nearly 1,000 MW in the next five years.
Its commercial Aurora power plant is engineered to produce 75 megawatts. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Oklo has a DOE site permit for its first reactor at the Idaho National Labs with plans for commercial operation by 2028.
Target: Use triple-frac on 50–60% of wells (up from 20% in 2024) Focus: Doing more with fewer rigs and less CapEx Strategy: Lean completions + AI-driven optimization over raw rig volume Expect Chevron to continue prioritizing efficiency metrics like cost per stage, cycle time, and GHG intensity per BOE.
Permitting data reflects the shift : H1 2024: 466 new well permits H1 2025: 316 permits (–32% YoY) Diamondback has made it clear: it will flex spending up or down depending on market conditions. This move isn’t about shrinking—it’s about maximizing free cash flow amid price uncertainty.
Drilling Engineer US Contact Directory – $25 Buy List Now Only $25 Includes: Account Name, Location, Phone, Website, Wells Drilled…. As 2025 enters its second half, ExxonMobil stands at a critical juncture—leveraging its scale, technology, and capital discipline to drive upstream growth, especially in the Permian Basin.
Brazilian oil company Prio expects to double its daily output next year when compared with 2024 levels, driven by the development of some key offshore fields, CEO Roberto Monteiro said on Monday…
"Constructing an offshore wind farm is a massive engineering and logistical challenge, requiring the synchronized effort of up to 15 different vessels. Its cranes were upgraded in 2024 and are now able to lift 1,600 tons. This results in a swept area of 43,700 square meters (470,380 square feet), the company said.
1 â Rewired and running ahead: Digital and AI leaders are leaving the rest behind ,â McKinsey, January 12, 2024. In fact, consumer-packaged-goods (CPG) and retail companies that lead in digital and AI are already showing three times greater total shareholder returns compared with their peers in the sector.
31, 2024): Net Acreage: 58,270 net acres Producing Wells: 612 net wells 2024 Avg. Riley , CEO & Chairman Company Background (Pre-Acquisition as of Dec.
(NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America.
Permian Basin Account Directory – $10 Buy Now Includes: Account name, phone, address, website, wells drilled… Power Load: 4 GW Added in Just 3 Years Between 2021 and 2024 , Texas saw a 4 gigawatt (GW) increase in average power demand— virtually all of it tied to Permian electrification.
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