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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.
Global supplychains have been under enormous pressure from the COVID-19 pandemic and the Ukraine crisis. In the wind and solar sectors, these pressures are compounded by industry-specific challenges.
Electric-vehicle penetration is the biggest driver of oil demand declines in the energy transition. However, emerging supply bottlenecks for key battery materials could be an unexpected barrier.
The post How intelligent data will be the foundation of supplychains in 2022 appeared first on IFS Blog. If the last twelve months are anything to go by, it is imperative for companies to show agility and adaptability.
Making better use of existing technology can deliver serious returns—by increasing production, streamlining the supplychain, or reducing engineering time.
A new approach to collaboration, within a company, between suppliers, and across the industry, could unlock savings that would increase profitability and safety.
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.
At the Argus Base Oils Middle East Conference, attendees will meet with representatives from the entire supplychain, including base oils producers, lubricant blenders, additive and specialty chemical companies, traders and distributors, OEMs and more.
OEUK represents over 400 firms across the UK’s integrated energy mix and its world class supplychains, from wind to oil and gas, hydrogen, carbon capture and geothermal technologies. This will benefit both our nations’ highly skilled people and energy supplychains.
Premier Oil procures a significant amount of equipment and services annually including many complex packages which involve extensive involvement of procurement, technical and legal teams across the organisation.
OFSE quarterly revenue edged up for the first time since Q3 2014, helped by an oil price–driven recovery in capex. But most activity is in the US onshore, with sectors elsewhere still facing slim pickings.
By EDF Blogs By Hiro Shirakawa As one of the world’s top five importers and financiers of oil and natural gas, Japan is uniquely positioned to influence methane emissions along the supplychain.
The enviro-left peddles the lie that oil and gas companies get fat on profits while everyone else suffers. How often have we read that shale energy doesn’t create jobs and isn’t the economic boom to local communities as advertised. We have the perfect story that exposes the left’s lies about the economic benefits of shale.
The contract was signed by Ahmed Hawash, Chairman of the Alexandria Port Authority; and Amr Salah Khalil, Chairman and Managing Director of Alexandria SupplyChain Company. The post Egypt Signs Historic Deal for Liquid, Gas Bulk Facility at Dekheila Port first appeared on Egypt Oil & Gas.
Supplychain companies keen to meet key decision makers to discuss business opportunities in the offshore energy sector can now book one-to-one appointments at OEUKs Share Fair at P&J Live in Aberdeen on March 19.
From Drill Bits to Drones: Innovations in Texas Oil and Gas Production Introduction: As the energy demand continues to grow, so does the need for more efficient and sustainable oil and gas production methods. The oil and gas industry constantly evolves, with modern technologies and innovations always emerging.
Among them, rather curiously, was UK's eco-zealot minister Ed Miliband who attempted to portray to a foreign audience that he actually cared about the North Sea calling his country a "proud oil and gas producer." But - with his policy actions implying the exact opposite - was widely and rightly ridiculed back home.
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.
Pioneering the Future: Technological Breakthroughs in Texas’s Oil and Gas Production The oil and gas industry constantly evolves, and Texas has long been at the forefront. Amidst soaring global energy demands, the oil and gas industry is constantly reinventing itself, seeking more efficient, eco-friendly production methods.
That’s because they’re vulnerable to supplychain issues all the way from the ground to the gas tank, with disruptions like limited availability, transportation shortages, and spills influencing their worth at any given time. Fossil fuel prices often fluctuate wildly.
Green Hydrogen | Neom, Update NEOM Green Hydrogen Co (NGHC) is bullish that the complex will start operations as planned in 2026, and the company is “not expecting supplychain delays” for the various components of the projects. Oil and gas to hydrogen.
Intog Salamander, a joint venture between Orsted, Simply Blue Group and Subsea7, has signed an exclusivity agreement as part of Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round.
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.
Massive amounts of them sit inside supplychains and transactions, just needing a spark to unleash their transformative power. The business problem we’re trying to solve for is the ever-present, IT-caused inefficiencies that run the entire length of the oil and gas supplychain.
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?
“Domestic manufacturing of clean energy materials is expected to rise because of tariffs and the desire to reduce reliance on the international supplychain. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries.
The post Petroleum Minister Focuses on Booming Mining Industry at CERAWeek Panel first appeared on Egypt Oil & Gas. Badawi reviewed Egypt’s ambitious vision to develop the mining sector, its efforts to attract more foreign direct investments and bolstering the added value manufacturing in this sector.
oil and natural gas industry continues to drive methane reductions across the supplychain, making progress across key performance categories even as production increased, according to data released by the Environmental Partnership in their fifth annual report. onshore oil and gas. onshore oil and gas.
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.
Similar to the previous quarter, findings from the latest Federal Reserve Bank of Dallas survey of energy executives indicate companies are experiencing rising input costs, supplychain constraints, and yet, firms are still increasing oil and natural gas production in Texas, southern New Mexico, and northern Louisiana.
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
If you are a believer in the gigawatt scale data center story, you should have long exposure to data center supplychain equities where ~$30B/GW will flow into high margin businesses, compared to ~$2B/GW in energy. About Enverus Intelligence Research Enverus Intelligence | Research, Inc.
With the invasion of the Ukraine, supplychains, ports, ocean going vessels and other parts of the logistics world are disrupted. Oil prices are already up, and the US and European prices for Natural Gas will rise as the US prioritizes and delivers more gas to Germany and other European companies, this may go on for decades.
“The year 2024 presented significant regional and global headwinds, including economic volatility, inflation, and supplychain disruptions,” TAQA Arabia stated in its earnings release. The post TAQA Arabia Announces Strong 2024 Results, Driven by Growth Across All Divisions first appeared on Egypt Oil & Gas.
This helps farmers grow the crops that feed the world, making natural gas an indirect but essential part of the food supplychain. Petroleum Refining Natural gas is heavily used in the oil and gas industry itself. Ammonia, a key ingredient in fertilizers, is produced using natural gas.
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.
First, a credit equal to 20% of the cash bid if it successfully commits to supporting workforce training programs and developing a domestic supplychain for the offshore wind energy industry. based offshore wind industry supplychain that would facilitate this or other renewable energy projects permitted by BOEM.”
This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. Pipeline Transportation Crude oil, natural gas, and NGLs move from production sites to storage and processing facilities. .” ” Pierce H.
Stabilizing the energy supply, while capturing methane emissions, turns an environmental challenge into an economic growth opportunity, creating steady job growth as a result of bringing the supplychain closer to the source of power and the end user. and DANBURY, Conn.
The back office is usually just that in the oil industryback behind the scenes. And Enverus, known internationally for its research, also offers oil and gas accounting systems, including their own newest option, called RFx (Request For Anything). It rarely makes headlines for great technological leaps.
ENERGY INFRASTRUCTURE AT RISK The ongoing fires have raised alarms about their impact on crude oil, gasoline, diesel, and natural gas supplies. The Kinder Morgan West Line, which supplies 60% of Nevadas refined products and two-thirds of Arizonas, has been shut down due to its proximity to the Hurst and Easton fires.
This reassignment aligns the wind regulatory process more closely with the oil and gas framework in terms of the division of responsibility between the two sub-agencies. BSEE would also review safety management systems and oil spill response plans.
Let’s take oil as an example. Oil acquisition involves several steps, from exploring potential sites to refining and transporting the collected oil. How Does Blockchain Impact the Oil and Gas Industry? Blockchain allows for greater coordination and supplychain optimization, which can also help reduce overall waste.
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