This guide helps operators quantify the risks, take action against the headwinds and build a competitive advantage by creating confidence in natural gas as a sustainable, decarbonization-compatible energy solution.
Industry instability, difficulties attracting and retaining top talent, shifting technology, new work environments, and ESG (Environmental, Social, and Governance) issues are just some of the challenges the energy industry is facing in 2022. Download the 2022 HR & Benefits Report for the Energy Industry.
Drone benefits don’t stop after site selection - in fact, many companies are leveraging drone solutions throughout the entire construction of a solar project, for a range of use cases. Discover how to reduce your solar inspection time by 40% in this data-driven eBook.
It’s true: Big, unpleasant surprises can lurk in the IT department. When making an acquisition, you may need to stand up new IT systems quickly – or continue to pay for IT services under costly transition services agreements. In the extreme, shortcomings can prevent timely payments to stakeholders, sparking litigation.
Analysis suggests that the U.S. could face a supply squeeze in the short to mid-term that will likely drive up commodity prices. As global economies gradually emerge from the Covid-19-induced contraction, the U.S. Energy Information Administration (EIA) estimates an increase in global oil demand of 6% in 2021. The supply side, on the other hand, shows a different trend. TGS analysis indicates a dramatic decrease in rig count, well shut-ins, high decline rates in unconventional wells and other challenges associated with shale production point to lower U.S. oil output in the near-term.
COVID-19 dealt a serious financial blow to the oil & gas industry, causing many companies to rethink their deployment of engineering resources. Learn how to improve efficiency through real-time monitoring and control of distributed equipment.
With bankruptcies mounting in the North American oil and gas industry, the part of the sector backed by alternative asset managers is staring down a phase of consolidation and contraction as energy investors lose their trust in private equity.
Digital technology is helping oil and gas companies extend and increase the efficiencies gained through hardware-centric initiatives. In fact, Quorum software is driving innovations in oil and gas that are positioning our customers for long-term success and profitability.
A sustainable future for the industry in deepwater is further investment in proven sweet spots and a search for similar plays. The two prime characteristics of these sweet spots are exceptional reservoirs at unexceptional depths. Expensive deepwater wells must add as many barrels as possible. The industry is making progress developing deepwater finds. Projects sanctioned since 2012, and green fields now approaching FID, will together recover over 30 billion barrels of oil. These fields need just US$42/barrel on average to achieve a 10% return. Better reservoirs break even at lower prices.
Sponsored by Quorum, IDC Energy Insights has conducted significant research on the oil and gas market and its struggles to become more operationally efficient.