‘We think about putting this kind of technology in an oil and gas collaboration room in Houston, and having engineers in the farthest flung parts of the world be able to communicate with one another to safely investigate and manipulate, for example, a subsea reservoir model and collaborate wit...
After all, if we hadn’t adopted grain crops, we wouldn’t have developed full-time division of labor and all the specialized knowledge and skills that were required to mine coal and drill for oil and gas, and to apply these fuels to the solution of practical problems. True enough. Howev...
If demand starts to wane die to transition to electric land transport (or non-crude as biofuels and natural gas could also be used to power vehicles), The speed of the transition to BEVs in the future is unknown, my best guess is that by 2035 demand will fall below supply. D Coyne 1...
Oil and gas companies hoping to cash in on astronomic price increases In March 2007, a tonne of pure sulphur shipped from North Vancouver or Port Moody would have cost you less than $50 US. This month, it's about $650 for the same volume -- a 13-fold increase in just 13 months -...
And then, really equally important is helping oil and gas companies shift their exploration and especially their extraction so that even when they are producing a barrel of oil it is a more climate-friendly barrel. It is cleaner oil, the process itself it isn’t giving off the methane that...
The task force, which developed a national energy policy, had all the time in the world for the big energy producers — some 40 meetings with the oil, gas and coal companies and their trade associations — but barely a moment for environmentalists. It’s hardly surprising that its report ...
financials is sustained high oil and gas prices. With average Brent oil prices estimated at $111 per barrel in 2022, a Henry Hub gas price at $4.2 per thousand cubic feet (Mcf) and a European gas price of $25 per Mcf, total FCF for public upstream companies will r...
“If you look at the top 20 companies of the world, 19 of them are still brick and mortar companies. What I am saying is that if you have a car manufacturer or an oil and gas manufacturer, you won’t get supply over the Net.” –Anil Ambani “Always expect the unexpected. The ...
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Failing oil prices are likely to contribute to a recession in the US. CapEx in Drilling and production will decline sharply on non-performing projects. Drillers are like to stop hiring and start laying off workers in 2015. The US is also likely to get hit with a big reduction in Healthca...