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Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month. percent increase and an average growth of 875 jobs per month.
Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70).
Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Saudi Arabia’s upstream oil and gas investment is the highest in the Middle East, and is set to reach US$40bn in 2025, nearly 15% higher than in 2015.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2024.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Personnel Transport : Helicopters, crew boats, and ground transport.
With major operators like Tourmaline Oil aggressively advancing their drilling programs, the upward momentum points toward a potentially strong year for the Canadian upstream industry. Precision Drilling, Ensign, and Jomax are leading contractors to watch, while Grande Prairie and Drayton Valley remain critical operational hubs.
Unlocking the Permians Untapped Potential The Permian Basin remains a critical driver of U.S. Following its 2024 acquisition of Pioneer Resources , ExxonMobil has solidified its position as the largest producer in the Permian Basin , with 1.3 million barrels per day (bpd) accounting for over 16% of the basins total production.
Two years ago, we set out to redefine upstream data quality by licensing proprietary datasets from leading operators and mineral investors. Well show you how Insight Engine makes screening investments, evaluating productivity drivers, and forecasting production a breeze. But we are not stopping there.
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. Data platforms must combine business and technology drivers to be successful and platform choice really matters.
These challenges are primary drivers for innovations in NGL processing, pushing the industry toward solutions that offer better energy efficiency NGL separation and more cost-effective NGL separation without sacrificing recovery rates. Reducing emissions NGL processing is a key industry driver and a commitment at Pro-Gas LLC.
In the Castle Peak Formation, geologic controls like rock type/facies, pore pressure, TOC, and reservoir temperatures were the most important factors, while the Uteland Butte Formation acts more like a traditional unconventional and proppant /fluid loading and lateral spacing are the largest drivers of production.
Scope 3 : Emissions in complete upstream and downstream supply chain. With The Future Digital Energy Systems articles series, I’d like to address the main drivers and enablers of our future energy landscape. Scope 2 : Emissions resulting from external production of energy, which is then imported to the site.
A common configuration involves using membrane separation upstream of a cryogenic process for bulk CO2 and H2S removal, reducing the load and complexity of the cryogenic unit. Greener Processing | Reducing Emissions NGL Processing A crucial driver of innovations in NGL processing is the increasing focus on environmental stewardship.
Haynesville (Louisiana & East Texas) LNGs Key Driver 2023-2024 Overview Unlike the Permian Basin, which primarily drives crude oil growth, Haynesville is the primary engine behind U.S. Brazil's offshore pre-salt production is a key driver as Petrobras ramps up new deepwater projects. LNG export expansion. Gulf Coast refineries.
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