Wednesday, January 1, 2025

Heard at the 2017 EnerCom Conference and Oilfield Tech & Innovation Day

The 22nd year of EnerCom’s The Oil & Gas Conference has concluded along with the first Oilfield Tech & Innovation Day. The financial side of the conference featured three full days of dual track presenting oil and gas companies and oilfield service companies. The EnerCom Tech Day featured 23 presenters with luncheon keynotes by Flotek CEO John Chisholm and IBM’s

Goodbye contango? Oil’s long march toward backwardation

From Reuters “The rebalancing of the oil market desired by the leading producers has been a stubborn process,” the International Energy Agency wrote in its latest monthly oil market report. The agency’s evident frustration about the slow and uneven pace of rebalancing, and the conflicting signals about whether it is happening at all, is shared by many traders, analysts and

American LNG Is Taking the Scenic Route to Chile

From Bloomberg When the tanker Provalys left Louisiana for Chile last month with a full load of U.S. liquefied natural gas, it sailed around South America instead of taking a shortcut through the expanded Panama Canal. Not only may the route be cheaper without canal transit fees, but advances in technology mean less of the fuel would end up lost

Gulf Offshore Lease Sale Returns $121 Million in High Bids

From WorkBoat Yesterday’s regionwide Gulf of Mexico lease sale generated over $121 million in high bids for 90 tracts covering 508,096 acres in federal waters of the Gulf. Twenty-seven companies participated in the sale, submitting 99 bids totaling over $137 million. The sale offered the largest amount of acreage in the history of the federal offshore program in the Gulf,

IBM Watson: Not Just for Winning Jeopardy

Cognitive systems can be applied to oil and gas operations The first EnerCom Oilfield Tech & Innovation Day featured IBM (ticker: IBM) and Flotek Industries (ticker: FTK) presenting in the keynote lunch. John Brantley, IBM’s World Wide General Manager Oil & Gas/ Chemicals Industry, spoke on the digital transformation of the oil and gas industry. Like other industries, oil and

Whatever Happened to Indonesia’s Mighty Oil and Gas Industry?

From Bloomberg Once a cornerstone of the economy, Indonesia’s oil and gas sector is in a slump, even as the country’s appetite for energy soars. Hit by a drop in global prices, changing regulations and competition from neighbors that are proving more attractive to international energy companies, Southeast Asia’s biggest economy is facing a decline in oil revenue and steadily rising

EnerCom’s Oilfield Tech & Innovation Day Begins

EnerCom’s debut Oilfield Tech & Innovation Day kicks off Thursday Aug. 17 in downtown Denver at the Westin Hotel. Twenty-three companies will be discussing the crux of their technologies to boost production at the well and field level and lower costs of drilling and completing wells. Saudi Aramco Energy Ventures, BP Ventures and Shell Technology Ventures are presenting their investment