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 Price) – Investments in fusion technology have jumped by $2.6 The surge in investments is a signal of “maturing investor confidence, technological progress, and a rapidly coalescing supplychain,” Andrew Holland, CEO at the Fusion Industry Association, wrote in the foreword to the report.
As geopolitical tensions escalate, energy professionals are closely monitoring the situation’s impact on oil prices, market dynamics and long-term industry outlook. Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month.
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. SupplyChain Coordination Integrating vendors, freight forwarders, customs brokers, and field operations.
Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. Of this, 40% is dedicated to slowing down production declines at existing fields. The region accounts for around 30% of global oil production and 17% of global natural gas production. Around US$2.2
June 16, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil prices fall more than $1 barrel on reports Iran seeks truce with Israel Summary : Oil prices fell 1.3% Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted.
billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas.
Regardless of the exact status of environmental regulations, the oil and gas industry is working toward getting cleaner. And the fact that new Permian wells may be producing higher water-to-oil ratios is also not a problem. EIC Rose Rock feels Element3’s method is a key component of a domestic critical mineral supplychain.
I used to have these hot spots and then cold spots, or in the wintertime, I had a very powerful oil furnace. So you have a series of bore holes called a bore field. The life expectancy of the radiator that we have put in the ground through that boar field is between 75 and 100 years. Is something else. The kitchen was too cold.
I bought this stock for both my newsletter portfolios–InvestingWhisperer and the Oil and Gas Investments Bulletin. And oil prices tumbled hard, taking oil stocks with it (naturally). But as China and the US kiss and make up, markets are now not pricing in so dire a situation—and oil is rebounding. Yet PHX’s U.S.
(World Oil) – The U.S. oil and gas industry. . “This historic legislation will help usher in a new era of energy dominance by unlocking opportunities for investment, opening lease sales and expanding access to oil and natural gas development. Senate on Tuesday voted to narrowly approve President Trump’s $3.3
Companies in the oil and gas supplychain have gone from boom to bust in the past two years. Here are five strategies oil-field service and equipment companies are exploring to adjust to the changing environment.
(Oil Price) –The term peak oil has sparked debate for decades, fueling speculation and more than a few forecasts of doomsday scenarios. What is Peak Oil? Peak oil doesnt mean we are running out of oil. oil production would peak around 1970. In recent years, the conversation around peak oil has shifted.
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector. Click above to give it a shot!
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. The shared asset scheme enhances supplychain efficiency, enabling operators to access needed components quickly. The Legacy Locker is a unique amalgamation of services.
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector. Click above to give it a shot!
AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. The shared asset scheme enhances supplychain efficiency, enabling operators to access needed components quickly. The Legacy Locker is a unique amalgamation of services.
(World Oil) – SLB has been awarded a major drilling contract by Australian independent Woodside Energy for its ultra-deepwater Trion development project, offshore Mexico. We will also leverage the strategic investments weve made in local talent and supplychains in Mexico, which will help support the on-time delivery of this project.
“Domestic manufacturing of clean energy materials is expected to rise because of tariffs and the desire to reduce reliance on the international supplychain. The CHIPS and Science Act is creating an equal playing field in terms of production costs, Kang said.
Data within the oil and gas industry has always been a precious commodity. Thats why, for a long time, oil and gas technology took the form of proprietary systems companies developed in-house. Rapid sharing of cargo shipping data In the field, oil and gas technology can enhance operational efficiency in every arena.
Low-power sensors already help monitor oil and gas operations, but the true benefit of this real-time visibility will lie in data-driven decision-making throughout the supplychain. This IoT tech is capable of gathering, transmitting, and utilizing data and its already making waves in the oil and gas industry.
Trucking Customers Want Visibility – Here’s How To Deliver With real-time awareness of shipment status, supplychain partners can be proactive in finding solutions and potentially avoid costly out-of-stock scenarios. Before we turn the page on the year, lets take a look back at our top 5 blog posts from 2019.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supplychain. What is oil and gas upstream midstream downstream?
Step 2: Restrict what can physically connect to your field network Because your grid network is deployed in locations that can be difficult to control, you need robust security, starting where grid assets physically connect. Securing every port of your field networking equipment is key. Segment the network to minimize risk.
Production The Permian Basin remains the most productive oil and natural gas field in the U.S. With expected crude oil output increasing to 6.6 Bcf/d by the end of 2025, midstream operators are aggressively expanding infrastructure to capture this growing supply. Permian Basin: The Backbone of U.S.
Guillermo Moreno, Chief Commercial Officer for Tenaris in the United States, said, As the leading domestic manufacturer of steel pipes, Tenaris is uniquely positioned to ensure supply security for U.S. customers, leveraging its technological expertise, unmatched industrial capacity and broad field presence.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. million acres in Alberta.
The debate over the future of oil has never been more heated. Mills, Executive Director of the National Center for Energy Analytics, and Neil Atkinson, Special Advisor , the IEAs peak oil demand forecast is deeply flawed. According to Mark P. What This Means: The IEA wrongly assumes economies will decouple from fossil fuels.
Can BP maintain its vision of a low-carbon future while doubling down on oil and gas? BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. The company aims to boost daily oil and gas production to between 2.3 million and 2.5
A number of top executives from the oil and gas industry have addressed the impact of the recent strikes conducted by Israel on Iranian territory, which was followed by a number of retaliatory strikes from Iran. According to Jorge Leon, head of geopolitical analysis at Rystad Energy and a former OPEC official , "An oil price jump is expected."
While 64% of respondents feel confident in their AI skills, 36% feel neutral or unconfident, which is understandable given the rapid evolution of the field. There’s still a training gap for those using AI We also asked our survey participants how confident they felt about using AI.
With a college-aged child who’s now considering the cybersecurity field as a career, Chuck has a personal interest in what newcomers should focus on. If you’re the type of person who opened your toys with a screwdriver to see how they worked, networking will be a rewarding field. What do experts say about tech learning?
As a critical supplier of chemical products across the US to our clients in diverse industries, we are taking particular care to reinforce our logistics and product supplychain. Therefore, Q2 Technologies has made the necessary arrangements to plan accordingly so our critical product is available during this uncertain time.
This is especially true for industries that rely on heavy equipment and machinery, such as manufacturing, energy, and oil and gas. OT functions are designed to perform physical operations in the field for example, controlling the heat in a building or the flow of fuel in a power plant.
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. TWh , the same as Q1 2024. BP reported Adjusted EBITDA of $8.7
Russia is boosting its crude oil exports, with shipments to China and India rebounding as traders and buyers have reshuffled tanker supplychains following the U.S. sanctions on Russias oil trade and shadow tanker fleet from early this year.
The back office is usually just that in the oil industryback behind the scenes. Quietly, smartphone apps and the ability of accounting software to mine and analyze data from field monitoring systems have replaced paper forms, lost tickets and intermittent readings with smooth dataflow, real-time data, and real efficiencies.
The AI assistant looked at the value of the fields and explained them to me. While Wireshark showed me the field names, the AI assistant explained that one field, the msgAuthoritativeEngineTime, represented the number of seconds a device had been online, which was 61411 (roughly seven weeks).
The company, which announced a fundraising in March , said that it has submitted a proposal to undertake contractor obligations on a relinquished block from Iraq's 4th Bid Round , and has also prepared an updated development plan for the Merjan oilfield. Oil explorers are not yet attracting strong investor interest in western markets.
1 Follow your favorite stocks CREATE FREE ACCOUNT Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. 1 Follow your favorite stocks CREATE FREE ACCOUNT Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran.
Meanwhile, recent mergers and acquisitions (M&A) among oil and gas giants have reshaped the industry, bringing greater efficiency, operational improvements, and economies of scale. Access to raw materials like carbon, oil, and sand reduces production costs and accelerates manufacturing processes.
Qatar will lead the regions expansion, accounting for over 65% of capacity additions with its North Field East, North Field South, and North Field West projects, adding 32 mtpa by 2026. To remain viable, companies will need to establish long-term contracts, reduce operational costs, and enhance supplychain resilience.
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