Industry: Upstream and E&P

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 […]

Decarbonization efforts in the oil and gas sector continue to gain momentum but face significant challenges. In our previous blog, we discussed the challenges oil and gas companies face in reducing upstream greenhouse gas (GHG) emissions and highlighted several initiatives major operators such as ExxonMobil, Chevron, and Shell have made in GHG emissions reduction. However, […]

The U.S. natural gas sector is witnessing another transformation and is ready for growth, despite limitations in the pipeline infrastructure, as a means to prepare for increasing demand for natural gas and address transportation constraints. Last year alone, new pipelines with a combined capacity of ~7 billion cubic feet per day (Bcf/d) came online, and […]

ADI forecasts continued, yet moderated, growth and investment in shale, driven by gas demand, divestitures, and innovation.

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 […]

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 […]

At roughly 20% of global greenhouse gas emissions, methane packs a disproportionate punch, being 80 times more potent than CO2 over 20 years. Reducing methane emissions, particularly from oil and gas production (Scope 1 emissions), offers a powerful and rapid way to slow climate change.  Methane emissions in oil and gas production permeate every step […]

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 […]

On November 5th Americans will vote for their next president. This election can feel like déjà vu, as the two main candidates are the same as in 2020. According to current polls and reports, the race is expected to be tight. The first debate is scheduled for June 27th and might help inform voters – […]

Recent decisions by governments and energy companies highlight a growing focus on energy security over energy transition. South Korea, a leading importer of fossil fuels and home to some of the largest chemical companies in Asia Pacific, recently commissioned geophysical exploration that showed likelihood of 14 billion barrels of oil and gas off the coast […]

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 […]

Shale operators are in the midst of a remarkable transformation. Moving away from the era of rapid expansion at any cost, the industry is now embracing Shale 3.0 – a phase characterized by strategic growth and sustainability. This shift places a strong emphasis on capital discipline, innovation and engineered approaches, and a heightened focus on […]