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News True Blue Blog Where energy conversations come to life. There’s a job waiting for you operating drones and advanced ground vehicles or interpreting satellite data to help monitor the pipelines that supply the energy your community relies on. Happy June, and congratulations to all recent graduates and their parents!
Devon Energys first-quarter 2025 results reflect a disciplined, high-performance approach to drilling and capital deployment. Final Takeaway Devon Energys Q1 2025 update tells a clear story: more wells, less spending, and stronger execution. per Boe, total production cost at $12.42
built offshore wind substation departed from a Texas fabrication facility where Danish multinational energy company, Ørsted, and domestic energy provider, Eversource, partnered to build the revolutionary vessel. First up, Blue Ocean Energy Marine, a Dominion Energy subsidiary, is currently constructing the first-ever U.S.
With market volatility likely to persist, timely rig data and operational insights will be critical for staying ahead in todays dynamic energy landscape.
Year-over-year, the rig count is down 37 rigs (6%) , as energy firms continue prioritizing capital discipline, shareholder returns, and efficiency over aggressive expansion. LNG & Power Demand: Soaring LNG exports and growing data center energy consumption are driving record gas demand. Meanwhile, the EIA projects record-high U.S.
The facility will act as a hub for advanced engineering and train highly skilled technicians in-country, contributing to the development of local talent. NMDC Energy signed an MoU with Al Gharbia, the Abu Dhabi based advanced pipeline manufacturer, to explore ways to accelerate pipe production in the UAE to meet local and regional demand.
drilling activity showed a modest rebound this week, with energy firms adding rigs for the second consecutive week the first such streak since February 2025. and Canadian energy firm spending outlook to a low double-digit decline , worse than their previous mid-single digit forecast. April 28, 2025 U.S.
The slight recovery in drilling activity comes amid a challenging environment of fluctuating oil and gas prices, ongoing market uncertainties, and shifting priorities among energy companies. Energy Information Administration (EIA) projects continued growth in both crude oil and natural gas output throughout 2025. million bpd in 2024.
Additionally, global demand, infrastructure investments, and geopolitical factors will continue to shape the trajectory of the energy sector. If gas prices rebound as expected, we could see a shift in strategy among U.S. producers, especially in gas-focused regions.
The old saying about change and things staying the same may itself need to change, especially in the energy sector. For enhanced oil recovery (EOR) it goes in a known direction, into the pipeline. energy dominance depends on carbon capture for CO 2 -enhanced oil recovery [EOR] tomaximize production from oil reserves.
As you can see, there is a wide range of symbols – approximately 1,000 – for everything from natural features, like bed thickness, source rock types and chronostratigraphy, to man-made features like wells, pipelines and other infrastructure, to locations like survey extents and road hazards. and Harrower, M. 2013) ColorBrewer 2.0.
On September 14, 2014, James Mays, a valve technician and an employee of Furmanite American (“Furmanite”) died while servicing valves on a platform that was part of Chevron’s gas gathering system and located in Louisiana’s territorial waters. Chevron Pipe Line Co.
energy firms trimmed the number of active oil and gas rigs, signaling caution amid persistent price pressures and policy uncertainty. Texas , the nation’s top energy-producing state, also saw a three-rig decline, falling to 271another low not seen since late 2021. May 5, 2025 For the first time in three weeks, U.S.
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