The Middle East, long recognized for its vast oil reserves, is now experiencing a significant shift towards natural gas. Driven by soaring domestic demand, global energy security concerns, and the urgent need to reduce carbon emissions, several key countries in the region are embarking on ambitious gas development projects. Rising demand and production The region’s […]
Natural gas goes to Six Flags
ADI has been reporting about struggling natural gas prices over the past year. U.S. natural gas prices have been on a rollercoaster again this year despite the country emerging as the top LNG exporter globally. Henry Hub benchmark prices started at $3.18 per MMBtu in the beginning of this year but fell to $1.49 per […]
From exploration to refining: how AI is transforming oil and gas
As discussed in a previous blog, AI is expected to drive growth in the global economy and the oil and gas industry is no exception. AI is being implemented across the oil and gas value chain and finding uses in everything from exploration to refining. In exploration, AI and machine learning (ML) tools are being […]
Is GTL making a comeback?
Natural gas prices are hitting rock bottom, with Henry Hub averaging a mere $1.49 in March 2024, the lowest monthly average since 1997. Shale operators are responding by curtailing production. Chesapeake, a leading producer, started the trend with cuts announced in early March. Other companies like Coterra Energy, Comstock Resources, EQT, and CNX Resources have followed suit, reducing drilling activity or implementing production curtailments. ADI anticipates […]
How large can the AI market grow?
Recent developments in artificial intelligence (AI), machine learning (ML), cloud computing, and other technologies are leading to rapid implementation in various industries around the world. These developments have only been possible due to recent increases in computing power and availability of vast datasets needed to train AI programs. This along with improved algorithms for training […]
Key drivers for SCR systems for NOx removal
Traditional power plants produce a mix of toxic gases as they burn fuels such as coal and natural gas for power. These emissions include greenhouse gases like carbon dioxide (CO2), methane (CH4), and acid rain-forming oxides of sulfur (SOx) and nitrogen (NOx). NOx can cause severe respiratory problems, stimulate algae growth in waterways decreasing water […]
2024 Midstream Outlook: Business as usual
The midstream industry had a favorable year in 2023, witnessing higher investment, M&A, and notable progress in infrastructure development. Looking forward to 2024, we expect a mixed but business as usual outlook for the midstream industry. Key trends to keep an eye on are the following: The Permian takeaway capacity outlook remains a difficult balancing […]
2024 LNG Outlook: Growing stability yet uncertainty in the global LNG market
The ripples in the global LNG markets induced by geopolitical conflict seemed to have died down and greater import and export capacity coupled with continued growth in the share of renewable energy will result in a relatively stable yet uncertain LNG market in 2024. Key trends to look out for include the following: Global LNG […]
Haynesville shale’s growing competitiveness
The Haynesville shale has emerged as a major natural gas play in recent years. Natural gas production from the Haynesville shale reached a new record high of 14.5 Bcf/d in 2023, accounting for 14% of all U.S. dry natural gas production. Haynesville production growth has accounted for 40% of the U.S. gas production growth recently. […]
Cost optimization in the shale patch
Leading shale operators from oil majors such as ExxonMobil and Chevron to the E&P independents including ConocoPhillips, Pioneer, Oxy, and Diamondback have committed to growing production without compromising returns and sustainability. Achieving this aspiration will require significant cost optimization where recent ADI research and consulting is showing significant progress by E&P companies. These cost optimization […]
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