Industry Trends ///

Executive Viewpoint: Energy expansion rather than transition

Brian Mizell

To borrow a phrase from the recent Energy Workforce & Technology Council annual meeting, I believe the changes we’re seeing are an energy “expansion,” not an energy “transition.”

Top 4 ways oil and gas companies can report ESG goals to investors

Julia Zakhari

For many companies, the biggest hurdle is not knowing how to accurately report on ESG goals to investors, in a way that directly correlates to their ROI. This article details the top four ways oil and gas companies can report ESG goals to investors.

Industry at a glance

Craig Fleming

Despite restricted Russian supply, due to the war in Ukraine, crude prices slipped in April. WTI dropped 6.2% to $101.78/bbl, with Brent trading at $101.78/bbl, down 13.2% compared to March. Despite lower prices, U.S. operators finally started ramping up drilling activity, which is typically the case in a high-price environment.

The Last Barrel: What a difference a war makes

Craig Fleming

The dire predictions by executives and consulting firms about the short-term/long-term effects of Covid-19 on the industry were overwhelming. The unrelenting onslaught of “we will never recover” or “nothing will ever be the same” seemed short-sighted.

First Oil: End of an era for a Russian oil and gas icon

Kurt Abraham

Amidst the crush of energy, financial and wartime news, you might have missed a significant milestone within Russia’s oil and gas industry. On April 21, now-former Lukoil CEO Vagit Alekperov resigned from that company.

Oil and gas expansion accelerates as outlooks improve significantly

Michael Plante, Kunal Patel

Compared to fourth-quarter 2021, the Dallas Fed’s survey found that U.S. E&P activity surged in first-quarter 2022. However, there are still a few question marks that will linger through the year.

The last barrel: U.S. industry adapts to new normal

Craig Fleming

Despite WTI surging to an 11-year high of $108.50/bbl in March, U.S. shale operators resisted ramping-up drilling activity and remained disciplined with capital expenditures.

The ESG perspective: A day without oil?

Mark Patton

Things are beginning to move a little quicker in ESG reporting and standards. Recently, the International Sustainability Board published its first two proposals on development of global standards.

Real-time operations center drives new ESG opportunities by integrating personnel and data

Lei Wang, Chris Stewart

An integrated platform, incorporating data from multiple systems that are accessible to a real-time operations center and field personnel, produces a comprehensive model of a company’s ecosystem. The innovative combination results in safer, more reliable operations with less downtime.

Energy transition: Oil and gas industry at a crossroads

Michael Wilems

Small to mid-sized oil and gas companies are navigating the challenges of the energy transition and ESG landscape by determining whether changes are needed to transition to a new business model.

First Oil: Poor U.S. energy policy clashes with global realities

Kurt Abraham

As many in the upstream industry anticipated, military action in Ukraine has sent oil and gas prices to their highest levels since 2008, with crude peaking at well above $100/bbl, with no end in sight.

Acquisitions and divestitures: Driving the oil and gas industry’s profitability and growth

David Levitt

More M&A activity is expected throughout 2022 within the OFS sector, as the market continues to consolidate during the balance of the current recovery.

Carbon+Intel: Capturing the potential of CCUS

Thorbjoern Fors

To realize the energy transition successfully, reducing greenhouse gas emissions is equally as crucial as ensuring reliability of supply.

Industry at a glance

Craig Fleming

Tensions between Russia and Ukraine, combined with surging demand, caused oil prices to increase approximately 20% this year, with WTI and Brent hitting $90.61/bbl and $96.43/bbl, respectively, in February.

2022 Forecast: U.S. proved reserves drop sharply

Staff

Operators revised their proved reserves downward in 2020 and postponed development drilling.

The last barrel: The Trifecta for U.S. gas producers

Craig Fleming

The abundant supply of natural gas in the U.S is starting to pay dividends, in spades. The U.S. became the world’s number-one exporter of liquefied natural gas for the first time ever in December.

The ESG perspective: Sustainable natural gas?

Mark Patton

Opponents of the European Commission's move to label nuclear energy and natural gas as “green" have accused them of "greenwashing." Let’s dig into the importance of this move and why this is a battle we can’t lose.

Upgrade your facility tech to improve maintenance and worker safety

Rama Sreenivasan

Digital transformation can help combat climate change impact on oil and gas facilities and workers, but the industry has been slow to adapt. In a tech-based future, companies need to invest in digital options like WiFi boosting, drone technology, and remote inspections.

Oil and gas in the capitals: The new realities of energy markets

Dr. Anas F. Alhajji

The year 2021 witnessed unprecedented development in the energy markets. Such events were contrary to conventional wisdom and have ramifications for the oil markets, for years to come.

First Oil: What a difference a year makes

Kurt Abraham

While last year Covid seemed to be withering away, this year Covid is still around but definitely on the decline. Spot prices are high enough for everyone to make a profit, and then some, averaging lately in the high $80s to low $90s (perhaps too high).

Executive Viewpoint: Decarbonization efforts can attract a more diverse workforce in the energy industry

Vicki Codd

Research shows that a pledge to limit rising temperatures and combat climate change can also positively affect recruitment efforts, especially among women in the workforce.

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