Industry: Oilfield services & equipment

SLB announced its plan to acquire ChampionX in April last year. A key driver for this deal was ChampionX’s artificial lift technologies (along with its production chemicals business), which will help SLB better position itself to serve growing production optimization needs from declining oil and gas assets globally. This will be especially critical in the […]

The oil & gas and chemical industries are at an inflection point. For years, growth was a given, but a new era, one characterized by a structural decline in capital and operational spending, is starting to take shape. Recent trends of slowing oil demand growth, oversupplied markets, and shrinking chemical margins as shown in exhibit […]

The oil and gas industry has come a long way since the first mechanically drilled wells, which were roughly 69 feet deep. From Edwin L Drake’s team striking oil at 69.5 feet in Titusville, Pennsylvania, in 1859, to today’s Permian Basin producers drilling wells over 3,000 feet in vertical depth and exceeding 25,000 feet in […]

At the 2024 ADI Forum, Austin Harbour, Managing Director, Piper Sandler, and Sean Ebert, Senior Partner, Altira Group joined moderator Uday Turaga, CEO, ADI Analytics, for the oilfield services and equipment panel. They discussed the evolving market, noting the ongoing challenge of integrating digital technologies for quantifiable value in upstream operations. Despite past hurdles, renewed […]

At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics, provided an outlook on the state of oil markets. He detailed U.S. production growth in 2022, which hadn’t yet reached pre-COVID levels. However, he expressed optimism, as U.S. oil production was growing, driven by the Permian Basin and other shale plays. It was expected to […]

In the October 2019 edition of the ADI newsletter, highlighted key discussions at the 2020 ADI Forum, featuring speakers from Shell, ConocoPhillips, and others, regarding the evolving dynamics between oilfield service companies and operators, as well as the refining industry’s adaptation to Permian crude.

In the May 2019 edition of the ADI newsletter, we explored the promising shale development in Vaca Muerta, focusing on Argentina, China, and Saudi Arabia. We examined the growing shift toward sustainability in the plastics industry, with a look at recycling efforts. Additionally, we provided insights from ADI’s May 2019 Downstream Market Advisory on the […]

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 […]

AMERICAS FlexPO 2012 CMR Inc. recently concluded its 21st annual FlexPO conference. The conference was conducted over two days in downtown Houston, TX, and featured speakers from across the globe. The conference was inaugurated by Dr. Balaji Singh, President of CMR. Dr. Balaji Singh welcomed all the delegates and introduced the main theme for the […]

Upstream oil and gas fared well in 2022. Despite oil prices falling over 30% from their summer highs, oil and gas prices remain elevated, with WTI prices over $70 per barrel and natural gas at prices not seen since 2008.  Net income in 2022 is expected to double from 2021 for oil and gas producers, […]

Artificial lift adoption is growing rapidly in the U.S. led by commodity prices, operational excellence, and product innovation.

October 2015 – The Innovations in Production Enhancement conference was a two-day event during October 20-21, 2015, held at the JW Marriott in Houston, TX. The event was set up for those who want to gain more insight on how to deal with oil and gas production challenges and seek solutions for them, especially in a low-price environment.   ADI Analytics’ […]