This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. is operator of the Ballymore project with 60 percent working interest. Malo facilities. Chevron subsidiary Chevron U.S.A.
A logistics coordinator in the oil and gas industry plays a crucial role in ensuring the efficient movement of materials, equipment, and personnel to support exploration, production, and distribution activities. They seek cost-effective solutions while maintaining the quality and reliability of the supplychain.
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts.
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts.
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.
Skip to main content The new tariff reality: From risk to resilience June 17, 2025 | Podcast Shifting tariffs and trade policies are pushing companies to rethink their supplychain strategies to protect growth and stay competitive. Youâre listening to McKinsey Talks Operations , and Iâm your host, Daphne Luchtenberg.
SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. First production is targeted in 2028. Services will begin in early 2026 and be managed through SLBs Performance Live digital service delivery centers.
A recent survey by McKinsey and Aviation Week of more than 135 companies found that broader commercial-aviation supplychain respondents were less confident about the business case for a next-generation single-aisle (NGSA) aircraft. Half of those surveyed anticipate EIS by 2034 or later.
About the research Five- and ten-year automation impact projections are outputs of the McKinsey Global Instituteâs proprietary automation model, which performs a bottom-up assessment of productivity potential by role and task. By 2035, automationâs impact across consumer subsectors could begin to diverge (Exhibit 1).
Agents supercharge operational agility and create new revenue opportunities. That requires an architecture that is modular and resilient and, more importantly, an operating model that centers on humansânot just as users but as co-architects of the systems they will be living and working with. Yet AI was largely the domain of experts.
Some of the most important levers in todayâs MACCs are efficiency levers such as route optimization, using advanced analytics to optimize routes based on real-time conditions to minimize fuel consumption over time; and predictive scheduling using AI to align production schedules with availability of low-carbon energy.
.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.
Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Andy will also retain responsibility for Strategy, Commercial and Sustainability.
Memory and context : Powered by large language models (LLMs) and fine-tuned for specific applications and expertise, agents remember past interactions and operate with a deep understanding of context. While the future is agentic, the rise of agents brings new challenges for operational simplicity. Welcome to the agentic era.
They will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels, pipe coatings and fasteners. The facilities include newly operational sites, major expansions and investment commitments.
As a result, tech leadersâ responsibilities are expanding into areas outside IT , including customer experience, innovation, operations, procurement, and strategy. For me, tech has always been about enabling our business with a lens from customer experience and generating revenue while increasing productivity.
Effective carbon measurement involves monitoring and reporting carbon emissions across processes from production to transportation and waste management. Many industries, and particularly manufacturing and energy, have extensive supplychains that span multiple countries and involve numerous stakeholders.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supplychain pressures, and the growing influence of gas and LNG markets. to 5 million tonnes/year Financial Snapshot Adjusted Operating Income: $8.65
BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. To optimize profits, the company will focus on significant oil and gas projects, production expansion, and strategic asset divestments. million and 2.5 million barrels per day by 2030.
I began my career at the company in 2000, leading the fleet accessibility program and my journey eventually took me to multiple leadership roles in hotel and marine operations, investor relations, marketing, sales, international operations, safety, security and environment, supplychain, travel services and my favorite role, product development.
Our comprehensive guide explores why blockchain technology has become essential for modern renewable energy platforms, examining its role in enhancing security, reducing costs, and streamlining operations. Blockchain addresses these issues by providing a secure, transparent foundation for modern utility operations.
With more than 45,000 attendees converging at McCormick Place, the industry gathered not just to see whats next in food and tech but also to explore how those tools can enhance the timeless value of experience and hospitality. Menu design now demands equal parts creativity and calculation.
Manufacturing Reshoring Boosting Industrial Power Needs Reshoring of supplychains and industrial activity could contribute up to 10 GW of additional electricity demand by 2030. Energy-intensive industries such as semiconductor production, electric vehicle (EV) manufacturing, and heavy industry are returning to the U.S.,
As society increases its focus on going green, businesses are exploring their options for renewable energy. Blockchain operates as a digital, decentralized ledger that records transactions using multiple computers. Germany is already starting to explore these possibilities with the Microgrid project.
In a polarized world facing energy supply pressures and climate imperatives, the tension between fossil fuels and clean energy has become more pronounced. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. Record U.S. Shale Output: U.S.
Faster drilling means: Lower costs for operators. BACKGROUND PHX is the largest independent directional drilling provider in North America, meaning it operates without being tied to a major oilfield services conglomerate. Recurring revenue streams: Many of PHX’s tools and services operate on rental and data-based contracts.
Introduction In the ever-evolving landscape of oil and gas, staying ahead of OFS pricing trends is crucial for maintaining profitability and operational efficiency. These tariffs, which impose a 25% duty on imported steel, have historically driven up costs for OCTG, a critical component in drilling operations.
Its first-quarter adjusted funds from operations were $2.08 Among the energy names on Bank of America's list is Northern Oil and Gas , which is a non-operator in the acquisition, exploration and development of oil and natural gas properties. Last month, Ryman Hospitality reported financial results that topped expectations.
He has urged energy companies to boost fossil fuel production and promised to bring down prices for consumers. He said those investments would include the natural gas supplychain. Trump last month ended a license granted to Chevron since 2022 to operate in Venezuela and export oil. from the Paris climate agreement.
Innovation is an enabler of human progress About the authors This article is a collaborative effort by Alex Singla , Alexander Sukharevsky , Elia Berteletti , Lareina Yee , and Michael Chui , representing views from QuantumBlack, AI by McKinsey, and McKinseyâs Operations Practice. In other words, R&D productivity has been declining.
We explored the sharp decline in oil prices futures contracts for Brent and West Texas Intermediate (WTI) recently have fallen $10-$15 per barrel triggered by escalating fears of a global recession. may face a contraction in oil production as price pressures mount, reducing its global position from a dominant supplier to a marginal one.
Explore MGI research on Geopolitics and the Geometry of Global Trade About that grinding sound youâve been hearing: Not to alarm you, but thatâs the tectonic plates of global trade shifting. The unpredictability is forcing leaders to question long-held assumptions about where and how they operate. percent in China, 1.7
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content