With an oil supply glut from OPEC+ and increasing uncertainty as a global pandemic further reduces demand, upstream oil and gas is facing unprecedented challenges. Many companies are facing hard decisions with oil prices falling to historic lows,...Read More
Every oil and gas operation faces periods of economic uncertainty at some point, and cost-cutting strategies become top priorities to allow business to continue. Often, decisions regarding trimming expenses are difficult, particularly in the...Read More
The growth potential for oil and gas investments is substantial, provided that companies perform proper risk analysis first. The industry is still the primary source for the world’s power even as exploration into alternative sources continues....Read More
The dynamic oil and gas industry is continually shifting, and keeping pace with regulations, competition, and industry growth throughout the chain is no easy feat.
Startups and established companies alike may find themselves at a crossroads and...Read More
Demand for commodities such as gasoline, diesel, and petrochemical products increases each year, and it is imperative for oil companies to supply that demand at a profit. Although drilling oil wells cost millions of dollars (depending on the size...Read More
The world won’t see a shortage of petroleum in the next few decades, says the Massachusetts Institute of Technology (MIT) Technology Review. The challenge, however, lies in making up for the dwindling easy-to-extract oil supplies.
From 2010 to...
It’s both exciting and nerve-wracking to stand in a pasture in South Texas watching roughnecks rig up the head on a nodding-donkey so we can start producing from our first well in a new field (well, new for Sierra Pine but an established field...