The choice between technical service contracts (TSCs) and production sharing contracts (PSCs) can significantly impact the development of a country’s oil and gas industry. Technical service contracts (TSCs) are agreements where a company provides technical expertise and services to the state-owned oil company in exchange for a fee. This model can be particularly attractive when […]
The 2024 U.S. Presidential Election – Part 2: How will Harris and Trump impact U.S. energy policies?
Beginning with the 2016 Presidential election in the U.S., ADI has been publishing a summary of energy policy proposals by the leading candidates. Our summary has typically collected the positions of the two candidates on key energy issues, and we have tried to be objective by using their own words — made through statements reported […]
How oil and gas companies are decarbonizing exploration and production
In a previous blog post, we discussed the difficulties of reducing greenhouse gas (GHG) emissions in the chemical industry. Similar challenges also exist in the oil and gas industry, particularly in the upstream sector, which is known for being one of the most difficult sectors to reduce GHG emissions. According to the International Energy Agency […]
The shale shakeout will drive a new operating paradigm
The flurry of consolidation amongst operators in the shale patch that began last year is continuing in 2024 as well. Mergers and acquisitions (M&A) activity has been particularly brisk, with deals varying in size and scope. For instance, Chevron acquired PDC Energy exactly a year ago for $7.6 billion and followed up with an offer for Hess […]
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 […]
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 […]
Water, water everywhere: The challenges of water management in maturing U.S. shale plays
As U.S. shale plays mature, oil and gas operators face an intensification of a longstanding challenge: managing water efficiently. Given that produced water represents the largest by-product or waste stream associated with oil and gas production, coupled with the potentially costly treatment methods and environmental impacts, effectively handling produced water becomes a challenging task. The […]
2024 Upstream outlook: Opportunities, growth, and industry trends
In 2024, the upstream oil and gas industry is expected to experience notable changes influenced by developments in 2023. From the ongoing wave of consolidation and the maturation of the U.S. shale sector to pivotal shifts in Latin America, Africa, and Asia, the industry is adapting to new dynamics. Technological advancements, particularly in digitalization and […]
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 […]
Sugar rush to candy crush: Struggling U.S. natural gas prices
Henry Hub gas prices averaged $6.45 per MMBtu in 2022 rising from $3.89 in 2021, driven by increased demand from Europe and the gradual re-opening of China. Prices have since fallen 62% to average $2.46 in 2023. The global LNG sugar rush resulted in LNG prices to rise to over $32 per MMBtu in 2022 […]
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