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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.
Shell describes LNG as a lower-carbon alternative to coal for electricity generation and as a flexible partner to intermittent renewable energy. Collaboration with Indigenous Communities LNG Canada was built on the traditional territory of the Haisla Nation. Proponents argue LNG can help Asia displace coal and cut emissions.
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. oil production is forecasted to average 13.4
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.
Natural gas development remains a key economic driver in Pennsylvania. In addition to strengthening Pennsylvania’s economy, natural gas production continues to translate into real-world cost savings for consumers. The natural gas impact fee provides critical financial support to communities across 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. Glycol Contamination or Degradation : Over time, glycol can become contaminated with hydrocarbons, solids, or breakdown products, reducing its water absorption capacity.
We saw everything from “vibe code a production forecast” demonstrations to LLMs generating reservoir engineering functions. While these proof-of-concepts showed promise, they felt more like impressive tricks than production-ready tools. It’s a “wait and see” moment for many in the sector. Niederhut, K.
Viaro also plans to progress the nearby Blackadder exploration prospect, which is geologically analogous to Selene and well-positioned near existing Viaro infrastructure. If successful, Blackadder has the potential to add to near-term production and extend the life of surrounding host facilities.
Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. âGross value added and income by detailed industry (NACE Rev.2),â
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.
This guide will explore the technological advancements and emerging trends that are shaping the future of fuel gas conditioning. This regulatory push is a powerful driver for more advanced and highly efficient conditioning technologies. At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning.
Yet more and more of todayâs drivers face another potential inconvenience: running out of battery. And while most drivers have a daily commute of less than 50 miles, others drive much farther to get to and from work. Explore the full McKinsey Explainers series What is the current market presence of EREVs?
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. Very excited to talk about tariffs. Letâs get started.
Having a good working relationship with the SMO is both the primary challenge and main value driver of a successful integration. For example, one acquirer forgot to stockpile product before the deal closed and ran out of stock while the regulatory team was still waiting to obtain a license to manufacture under the new entity.
They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. Skip to main content Seizing the agentic AI advantage June 13, 2025 | Report A CEO playbook to solve the gen AI paradox and unlock scalable impact with AI agents. (28
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).
During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. the “Paradox project”). Water cut was less than 0.5%
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.
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.
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.
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. Computer chips on a five-year replacement schedule cost about $27 billion/GW of IT at the leading edge.
We reveal how load drivers, such as data centers and new manufacturing facilities, impact market dynamics, shape asset-level profitability and unlock detailed valuations that inform investment decisions. over the next 30 years, driven by detailed supply and demand fundamentals. An influx of low-carbon fuels has put downward pressure on U.S.
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. This matters because working-age individuals are the primary drivers of economic growth and energy consumption. Artificial intelligence.
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.
We gained these benefits from a recent project to apply artificial intelligence (AI) to early exploration research. This helps them to make better and faster decisions in the intense competition for gas and oil exploration contracts. From acquiring licenses to starting production can take over a decade.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the The resulting properties were then used to build a numerical model to generate production forecasts.
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. Reducing emissions NGL processing is a key industry driver and a commitment at Pro-Gas LLC. This drives NGL purity improvements and market value.
Since then, weve built the industrys highest-quality database, incorporating cutting-edge AI to enhance your understanding of spacing, landing zones , and future production with unprecedented precision. Explore the details below or scroll to the bottom for our video demo and a firsthand look. But we are not stopping there.
Major Drivers of Power Demand Growth by 2030 Multiple converging trends are reshaping the U.S. Energy-intensive industries such as semiconductor production, electric vehicle (EV) manufacturing, and heavy industry are returning to the U.S., The countrys electricity demand is expected to rise 10% to 17% by 2030, compared to 2024 levels.
ExxonMobil Egypt has recently celebrated milestones achieved in 2024 during its annual lubricants and fuel conference, underscoring its commitment to sustainable growth and delivering high-quality products. Notably, ExxonMobil was granted exploration rights for several offshore blocks in the Nile Delta region.
The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.
As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? In this series, we will explore the reasons behind these limitations, and the corrective solutions implemented by Novi algorithms. Figure 3: Spacing and production in the Delaware Basin.
Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 EOGs Dorado wells consistently deliver strong initial production (IP) rates, ranging from 20 to 24 MMcf /d over 24-hour tests. The field accounted for 77% of the companys Q4 2024 production, averaging 71,800 boe /d.
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.
Today, we’re exploring the critical role of the Vapor Recovery Unit (VRU) in achieving both emissions reduction and optimal operational efficiency. The recovered hydrocarbons can then be reintroduced into the production stream, increasing overall yield. Common types include rotary screw, reciprocating, and vane compressors.
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
By 2028, Exxon expects to have its first data center site operational, and fully decarbonized by 2029a sign of how energy production and digital infrastructure are becoming tightly linked. Power independence is a financial driver too. There continues to be a very strong desire for data centers to be decarbonized, Woods emphasized.
Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 EOGs Dorado wells consistently deliver strong initial production (IP) rates, ranging from 20 to 24 MMcf /d over 24-hour tests. The field accounted for 77% of the companys Q4 2024 production, averaging 71,800 boe /d.
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. Ideally in North America. The gold market now has enough life in it–$2600/oz and counting!!–that –that development stocks with these BIG ounces in the ground are moving.
Energy Information Administration expects crude oil production to rise to a new record average of 13.61 Trump wants increased production because he wants lower energy prices and that stands in direct opposition to expanding investments in oil and gas. shale oil production is set to plateau by the end of the decade.
said that Section 899 “is currently written in a manner that could limit foreign investment to the US—a key driver of growth in American capital markets that ultimately benefits American families saving for their futures.” firms, especially America’s technology giants. jobs and reduce U.S.
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. This return to pro-development leasing is a significant driver behind the optimism in the sector. energy sector.
Skip to main content How AI could reshape the economics of the asset management industry July 16, 2025 | Article Amid mounting margin pressure, asset management firms must transform technology from a cost driver into a true enabler of scalable productivity. The global asset management industry is at a critical juncture.
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