Publisher’s Note: Jim Felton with EnerCom sat down with Hydroacoustics, Chief Development Officer John Benton to discuss the intriguing approach to wring out more oil from the hundreds of thousands of stripper wells in the country. Their oil recovery tool generates the greenest barrel in the business by enhancing oil recovery without any drilling or use of chemicals. For 50 years, Hydroacoustics
Publisher’s Note: Jim Felton with EnerCom sat down with Serve Robotics CEO Dr. Ali Kashani about what’s next for this Uber spinoff, its 10% stake taken by Nvidia and its enviable appreciation in its stock price this summer (NASDAQ SERV). Serve is surveying the energy industry for ways to take its proven ability of using AI to power robots that coexist with
Publisher’s Note: Jim Felton with EnerCom sat down with X Oil Development, CTO, Elio Dean to discuss company updates. X Oil Development will present in person at the 2024 EnerCom Denver—The Energy Investment Conference during the Emerging Technology and Energy Transition Session presented by EnerCom at 10:05 a.m. Mountain Time on Wednesday, August 21, 2024. You can register to attend EnerCom Denver at www.enercomdenver.com. For more information on
Publisher’s Note: Jim Felton with EnerCom sat down with Gradient Geothermal, Chief Executive Officer, Ben Burke to discuss how Gradient is helping clients take heat waste coming out of the well or from processing at the surface to turn that into a value add as power generation or on-site use of thermal energy itself. Gradient Geothermal Inc, formed by the combined
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 588 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 217 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Arkoma Woodford,
Natural Gas Inventories as of August 2, 2024 The EIA has released its natural gas inventory report, showing a net increase of 21 Bcf as of August 2, 2024. Working gas in storage was 3,270 Bcf as of Friday, August 9, 2024, according to EIA estimates. This represents a net increase of 21 Bcf from the previous week. Stocks were
World Oil (WO) – Cheniere Energy, Inc. entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Galp Trading S.A., a subsidiary of Galp Energia. Galp has agreed to purchase approximately 0.5 MMtpa of LNG for 20 years from Cheniere Marketing on a free-on-board basis for a purchase price indexed to the Henry Hub price, plus
Publisher’s Note: Jim Felton with EnerCom sat down with Chapman Nuclear CEO John Chapman, a fourth-generation nuclear scientist focused on the hunt for natural gas needed for his hydrogen fusion reactor projects with NASA and other clients. Chapman talks about the opportunities, economics and strategy for growing the company, which includes other business sectors such as radioactive isotopes for medical use.
Natural Gas Inventories as of July 26, 2024 The EIA has released its natural gas inventory report, showing a net increase of 18 Bcf as of July 26, 2024. Working gas in storage was 3,249 Bcf as of Friday, July 26, 2024, according to EIA estimates. This represents a net increase of 18 Bcf from the previous week. Stocks were
Oil and Gas 360 “Knowledge workers” anticipating a cheap energy/low emissions post-industrial work-from-home economy are having to confront the need for more industrial production of natural resources and infrastructure as the energy needs for the data centers making their work possible via the internet, cloud and now Artificial Intelligence (AI) are growing exponentially. Data centers are increasingly recognized as another
World Oil (Bloomberg) – Ecopetrol SA expects offshore natural gas from Colombia to come online as soon as 2029, two years later than previously anticipated and not in time to curb a looming fuel shortfall. Colombia is set to face a gap between its domestic supply of natural gas and total demand beginning next year. The fuel gap of around
Oil and Gas 360 The Energy Information Administration (EIA) is saying higher gas demand from the electricity power sector for the rest of this year is expected to bolster natural gas prices nearly 40%. EIA is projecting prices to be around $2.90 per MMBtu (Henry Hub), up from the $2.10 average for the first half of the year. Producers saw
