The energy industry has long sought to develop products and processes to anchor itself as a global necessity. State of the art natural gas-fired power plants are an example area where streamlined research and development has paid off. More specifically, the Energy Information Administration (EIA) announced earlier in the...
What You Need to Know in Oil and Gas Today The Big Story ExxonMobil said yesterday that projections of long-term lower oil prices now threaten about 20% of its reserves value. The company said that it may in the coming weeks take a hit to its reserves by as much as...
Mr. Looney, a Chief Executive Officer at BP, has announced the company plans to cut oil and gas production by 40% over the next ten years. This is part of BP’s plan to reach its goal of being a net-zero company by 2050. The phrase “net zero” should not...
What You Should Know in Oil and Gas Today The Big Story Here we go again: Mexico President Andres Manuel Lopez Obrador (AMLO) is now making noises about reversing the opening that has allowed foreign oil companies to participate in Mexico's oil and gas industry. The current policy was initiated by...
What You Should Know About Oil and Gas Today The Big Story The Railroad Commission is taking baby steps on the natural gas flaring issue, moving on Tuesday to simply adopt a set of industry recommendations that would put some weak sidebars around the abilities of companies to obtain and extend...
What You Should Know About Oil and Gas Today The Big Story The last oil rig has officially left the premises. In Venezuela, that is. There, Nabors said it had shut down its final active drilling rig as of Monday. As reported by Sergio Chapa at the Houston Chronicle, this action...
Baker Hughes’ Energy Innovation Center Donation Seals Partnership with Oklahoma State University Cutting edge technology and innovation have long been the key components to success in the energy industry. Add financial means and higher learning to the mix and a favorable outcome is achieved. Baker Hughes and Oklahoma State University...
Researchers at the University of Texas at Austin from the Cockrell School of Engineering have made a breakthrough. They have created a new kind of battery that is cobalt-free. Cobalt has long been the only element capable of giving batteries long life and consistent power. Unfortunately, there are downsides...
Everyone inside and out of the energy industry knows by now why WTI futures fell below zero for the first time in history, so I won’t rehash the price war/pandemic storm all over again. It is worth noting, however, that this downturn is different than the ones that came...
The U.S. Supreme Court’s McGirt v. Oklahoma ruling ratified victory for Native American lands, and at the same time, injected uncertainty into Oklahoma’s energy community. Attempting to appeal to all parties, Oklahoma Governor Kevin Stitt issued Executive Order 2020-24 introducing the Oklahoma Commission on Cooperative Sovereignty. Resulting from the ruling...
