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Business/economics

Examining State Oil and Gas Enforcement Across the West

As the oil industry faces bankruptcies and shutdowns, a new analysis uncovers low inspection rates and almost no financial penalties—with a handful of exceptions.

May 11, 2020 • Tyler McIntosh • HSE Now
Sustainability

Oil Communities Face Prospect of Years-Long Recovery

Communities reliant on the oil and gas industry say it may take years, not months, to bounce back from the coronavirus pandemic that’s ravaging local economies.

May 11, 2020 • The Hill • HSE Now
Fracturing/pressure pumping

Electric Frac Fleets Rise From 3% to 30% of US Shale Market Amid Diesel Drop

Though they have been a niche ever since their introduction to the market a few years ago, e-fleets are proving to be some of the most downturn-proof assets in the shale sector.

May 11, 2020 • Trent Jacobs • Journal of Petroleum Technology
LNG

Nigeria LNG Train 7 Progresses With EPC Contract

Train 7 is scheduled for commissioning by 2024 and would bring total capacity of Nigeria LNG’s complex to 30 mtpa.

May 12, 2020 • Oil and Gas Facilities
LNG

Global LNG Industry Faces Shutdowns Following Six Years of Continued Growth

New LNG capacity in 2019 kept pace with higher trading volumes and supply/demand growth. Key questions and barriers still remain for the future of the LNG industry in 2020.

May 12, 2020 • Brian Balboa • Oil and Gas Facilities
LNG

Western Australia Gas Producers May Profit From Oil Crash

The race is on to fill NWS gas export plant.

May 13, 2020 • Oil and Gas Facilities
Field/project development

Premier Recasts First Oil for Tolmount, Seeks Acquisition Deal with BP

North Sea system now on track for completion in Q2 2021.

May 13, 2020 • Oil and Gas Facilities
Production

Leveraging the Combined Benefits of RTA and PTA During Market-Induced Production Shutdown

The silver lining for those overseeing the unprecedented shut ins of tight-oil wells is the potential to acquire a wealth of reservoir data. But first, petroleum engineers need to monitor these wells and use the right analysis toolbox.

May 14, 2020 • David Anderson • Journal of Petroleum Technology
Business/economics

OFS Companies’ Stock Price, EBITA Margins Hit Hard From COVID-19 Fallout

Two intelligence groups share similar views on how the fallout from the COVID-19 pandemic has impacted OFS companies’ valuations and operations.

May 13, 2020 • Brian Balboa • Oil and Gas Facilities
AI/machine learning

Can AI Become Conscious?

"Sooner or later, we will get machines that are at least as intelligent as humans are," says Christof Koch, chief scientist and president of the Allen Institute for Brain Science in Seattle, Washington.

May 3, 2020 • Association for Computing Machinery • Data Science and Digital Engineering

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