The U.S. has been gradually developing its renewable energy capacity over the last decade to become a major producer of solar, geothermal and hydropower. Since the introduction of the Biden administration’s Inflation Reduction Act (IRA) last year – the country’s most far-reaching climate policy to date, states have been...
As the conflict between Israel and the Islamic group Hamas escalates, Israel is taking safety precautions that are producing real-time ramifications for the global oil market and liquid natural gas (LNG) exports. The surprise attack on Israel resulted in a near-immediate shutdown of growing Israeli oil extraction facilities.
The global...
Guest submission by Phil Cruver
The Borehole Battery offers a solution for addressing Asset Retirement Obligations (ARO) in the oil and gas industry by utilizing IRA tax credits. This commentary explores the growing concern of underfunded Asset Retirement Obligations (ARO) within the oil and gas industry. It discusses the Investment...
With Israel and Iran exchanging tit-for-tat strikes in an increasingly escalated fashion, the question remains large as to what will happen to the global supply of crude oil should the Middle Eastern conflict persist. With President Biden’s recent signing of a US Security Package aimed to increase pressure on...
By guest writer Alex Mills
Despite a 10% decline in drilling activity, U.S. oil production continues at a record pace, driven by efficiency gains and new technology.
Companies are increasing oil production targets in the Permian Ba sin, with Chevron and others forecasting significant output growth.
Innovative drilling techniques,...
Guest post by Leon Massaras
Abstract
Screenout (SO) refers to a condition where proppant pumped into a fracture accumulates at the near- wellbore area or in the wellbore itself, blocking or "screening out" the flow path and preventing further proppant from entering the fracture. This article presents and elaborates upon three...
As oil operations wind down in several depleted oilfields, energy companies are looking for ways to repurpose old infrastructure to cut costs and support environmental efforts. It is extremely expensive to disassemble and transport old oil rigs, meaning that many companies have sought out alternative uses for the structures...
The Panama Canal is a major shipping route between the Americas and the rest of the world, helping move food, energy, and other goods between different continents. Throughout the 20th and 21st Centuries, the route has been critical for moving cargo from the U.S. and other countries in the...
Despite Biden’s highly-touted trip to Saudi Arabia just last month, leaders of the oil-rich nation are already proposing cuts in production to stabilize global supply and demand. Biden made the trip to secure a boost in production and the Whitehouse made a show of highlighting what they deemed as...
The COP29 energy priorities are becoming increasingly clear as the UN climate change conference draws near. Set to take place in Baku, Azerbaijan, in November of this year, COP29 is poised to be a pivotal moment in the world’s climate change strategy. The conference is built on two primary...
