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E&P Highlights: Oct. 28, 2024
Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.
Navigating the Crossroads: Oil, Gas Industry Reimagines its Role in Tech Age
The oil and gas industry has both a need and an opportunity to embrace the digital transformation while engaging the next generation of its workforce.
As Permian Gas Pipelines Quickly Fill, More Buildout Likely—EDA
Natural gas volatility remains—typically with prices down, and then down further—but demand is developing rapidly for an expanded energy market, East Daley Analytics says.
Range Confirms: Data Center Talk Underway for Marcellus Gas-fired Power
Deals will take a while, however, as these multi-gigawatt agreements are also multi-decade investments, said Range Resources CFO Mark Scucci.
TGS Extends Appalachian Basin 3D Seismic Survey
TGS said the survey, which is positioned up-dip from the Utica condensate and gas trend, will target 276 sq miles of “key” formations in the Appalachian Basin.
Companies Hop on Digital Twins, AI Trends to Transform Day-to-day Processes
A big trend for oil and gas companies is applying AI and digital twin technology into everyday processes, said Kongsberg Digital's Yorinde Lokin-Knegtering at Gastech 2024.
Psst: NatGas Futures Haven’t Priced in AI Power Demand Yet
Gas-fired power demand is coming for AI-enhanced data generation as Microsoft, Amazon and others race to stay on top—and not go the way of IBM—analysts said at a Pittsburgh energy forum.
E&P Highlights: Oct. 21, 2024
Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.
Morgan Stanley Backs Data Center Builder as AI Fervor Grows
Morgan Stanley Infrastructure Partners (MSIP) is backing data center developer Flexential as demand for AI and high-performance computing grows.
Liberty Capitalizes on Frac Tech Expertise to Navigate Soft Market
Liberty Energy capitalized on its “competitive edge” when navigating a challenging demand environment in third-quarter 2024, CEO Chris Wright said in the company’s quarterly earnings call.