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They directed their capital to cheaper oil production, and favored U.S. Exxon-owned Imperial and its competitor Suncor have also switched to autonomous mining vehicles, eliminating the need to hire drivers to transport oil sands ore. shale for its quicker drilling time and returns. and Canadian company earnings. tariff threats.
This bearish sentiment is amplified by OPEC+’s larger-than-expected 548,000 bpd production hike for August and an IEA warning of inventories accumulating at a rate of 1 million bpd. The liquefied natural gas (LNG) market has been a key driver, tripling since 2010, with the U.S. year low of 422.
Top posted industry occupations for May included retail salespersons (355), heavy and tractor-trailer truck drivers (285), and maintenance and repair workers, general (284). In May, Texas energy producers paid $411 million in oil production taxes, according to the Texas comptroller’s office.
Viaro intends to leverage its operational expertise and financial capability to advance the development of Selene, reaffirming its strategic focus on unlocking critical domestic energy resources and supporting the UK’s energy security.
The project marks a major milestone for Canada’s energy sector, with ambitions to deliver lower-carbon energy to global markets while strengthening economic ties with Asia. Shell describes LNG as a lower-carbon alternative to coal for electricity generation and as a flexible partner to intermittent renewable energy.
Natural gas development delivers real, measurable benefits for Pennsylvania communities – driving job creation, powering economic growth and strengthening energy security,” said Jim Welty, president of the Marcellus Shale Coalition. Natural gas development remains a key economic driver in Pennsylvania.
Today, let’s explore how natural gas dehydrators have transformed over the years, from their nascent stages to the sophisticated systems we see today. While this could achieve some level of dehydration, it was often limited by the achievable temperature drop and the energy requirements.
While the energy sector navigates consolidation and uncertainty, this year’s event revealed both challenges and opportunities, particularly for companies like Novi that are pushing the boundaries of what’s possible in unconventional development.
Renewable energy sources are rapidly expanding and driving the decarbonization effort, yet certain industries, particularly those with hard-to-abate (HtA) emissions, require additional solutions. As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. â European Commission, January 2023.
Skip to main content Productivity at the core: How COOs deliver strategy July 17, 2025 | Article Daniel Swan  Darryl Piasecki  Tony Gambell For the COOâs productivity mandate, the time to act is always. Since the 2008 global financial crisis, global productivity growth has largely declined around the world.
The energy sector is in a state of constant, dynamic evolution. Here in Texas, the global epicenter of energy, this transformation is palpable. This guide will explore the technological advancements and emerging trends that are shaping the future of fuel gas conditioning. Hydrogen, however, presents unique challenges.
The second guest is Liz Hempel , a partner and leader of the firmâs product development and procurement work for industrial clients. Partner Riccardo Drentin  joins us from Jakarta, where he co-heads McKinseyâs Procurement and Product Development division in AsiaâPacific. Itâs trade restrictions. Daphne Luchtenberg: Fantastic.
They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. QuantumBlack combines an industry-leading tech stack with the strength of McKinseyâs 7,000 technologists, designers, and product managers serving clients in more than 50 countries.
(Oil & Gas 360) – Publishers Note: Zephyr Energy plc will be presenting at the EnerCom Denver The Energy Investment Conference held at the Westin Denver Downtown on August 17-20, 2025. Initial production test observations include: A peak rate of 2,848 barrels of oil equivalent per day (“boepd”) (11.9
Oil prices dipped slightly today but have risen since OPEC+ decided to boost production by 411,000 barrels per day in June. OPEC anticipates a 5% drop in non-OPEC+ exploration and production investment in 2025, despite a $3 billion rise in 2024. US output remains a key driver. Global demand forecasts remain unchanged.
Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB).
This product will provide powerful insights to determine the economic feasibility of new projects, optimize hedging strategy, understand impact of broad market changes and policy, and perform valuation for potential investments or divestitures. How often is the model updated to reflect market drivers? The power grid changes constantly.
May 14, 2025 Chart of the Day EOA: OPEC Production Declined in April! OPEC anticipates a 5% drop in non-OPEC+ exploration and production investment in 2025, despite a $3 billion rise in 2024. US output remains a key driver. Brent crude recently dropped to its lowest since 2021, settling near $60.
Skip to main content Top trends disrupting how companies develop and commercialize products July 21, 2025 | Video McKinsey partners discuss three trends they’re seeing around technology, packaging, and new mechanisms for bringing bold ideas to market. Another value driver is packaging as a way to reduce overall product costs.
clean energy buildout, the House has passed the One Big Beautiful Bill Actlegislation that would gut core Inflation Reduction Act tax credits. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. energy producers and more than 40,000 suppliers.
Research Highlights Long-Term Load Forecast The Data Center Decade : This report encompasses Enverus Intelligence Research’s view on how exponential load drivers will impact our power demand forecasts from 2025-2050. Enverus Intelligence | Research, Inc.
(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. With the publication of this announcement, this information is now considered to be in the public domain.
More than 700 energy professionals, innovators and thought leaders gathered in Houston in mid-May for the Enverus EVOLVE 2025 Conference. With attendees representing more than 350 companies, ranging from oil and gas producers to power generators to cloud providers, the event served as a dynamic forum for exploring the future of energy.
Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. Achieving self-sufficiency in diesel and kerosene production.
July 21, 2025 | Article Talent excellence presents a new industrial imperative in today’s production ecosystem, and leaders need a fundamental mindset shift to meet it. When frontline production workers are saying that, companies can rest assured theyâre doing something right. Productivity growth is slowing across the globe.
Natural Gas Liquids (NGLs) ethane, propane, butanes, and natural gasoline are essential to modern life, fueling industries and forming the building blocks for countless products. Energy Information Administration (EIA) page on NGLs. However, traditional cryogenic plants can be energy-intensive and require significant capital.
Who Will Pay for Americas Exploding Energy Demand? Major Drivers of Power Demand Growth by 2030 Multiple converging trends are reshaping the U.S. AI-Powered Data Centers Driving Record Energy Consumption Data center electricity demand is expected to reach 60 GW to 80 GW by 2030, up from 26 GW to 33 GW in 2024a 44 GW increase.
Between turbulent economic market conditions and the transformation of the global energy landscape, upstream oil and gas organizations face increasing pressure to exploit new finds and enhance recovery from existing fields. This helps fast track innovation , reduce costs and accelerate the agility of the energy ecosystem.
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3
Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 According to the U.S.
As AI-driven data centers rapidly proliferate, the oil and gas industry is seizing a new opportunitynot just as energy suppliers, but as key enablers of power-hungry digital infrastructure. Diamondback Energy: Gas-to-Power for Hyperscalers Diamondback is moving aggressively to monetize stranded gas and improve margins.
Austin Chalk Emerges as South Texas Top Target As Tier 1 Eagle Ford drilling locations dwindle, South Texas energy producers are turning to an overlooked formation to keep the gas flowing. Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 According to the U.S.
Production from Latin America represents just a sliver of overall supply. That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. But that is about to change when Brazil Potash’s Autazes mine lifts off into production. Getting to production is the challenge.
At Pro-Gas LLC, we are at the forefront of the dynamic DFW NGL technology sector, constantly evolving to meet the growing demands of the energy industry. Our focus is on achieving enhanced NGL recovery, boosting energy efficiency NGL separation, and developing more robust and cost-effective NGL separation strategies for the future.
This large, forgotten deposit recently attracted resource entrepreneur Brian Paes-Braga , giving this company and this stock a revitalized energy that is just starting to play out. With 94% of the resource known to be in mineralized bands, the exploration risk to take this Inferred 5.2 Nobody was the OBVIOUS driver.
But the industry appears to be ignoring a central Trump objective: cheap energy. Energy Secretary Chris Wright who vowed to bring back common sense by prioritising cheap energy shorthand for fossil fuels over supposedly inflationary climate-driven policies, dismissing the need to limit greenhouse gas emissions. The CEO of U.S.
energy dominance agenda could be derailed by one provision in the One Big Beautiful Bill Act, the tax and spending bill championed by the President and currently under review by the U.S. If the Big Beautiful Bill passes as-is, increased tax rates would hurt Europe-based energy companies with large operations in the United States.
oil and gas industry, fueled by the renewed pro-energy policies of President Donald J. energy sector. Confidence in domestic oil and gas exploration is soaring again, largely due to the regulatory rollbacks, tax incentives, and policy stances that prioritize American energy dominance.
One of the biggest problems public transport will face in the coming years is a shortage of bus drivers. In Germany, for instance, we expect there to be an unmet need for 80,000 bus drivers by 2030. Explore a career with us Related Articles Article What is a self-driving car? A fleet of Dromos vehicles on a city street.
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