Unconventional oil and gas production has taken operators into areas that lack accessibility to electricity from the grid. While most operators believe that they will be connected to the grid within two years of drilling, that is still two years where operators have to produce their own electricity. An average oil and gas well typically […]
Growing Consolidation and New Markets Drive Change in the Artificial Lift Market
Artificial lift is a method of increasing pressure within an oil and gas reservoir to maximize hydrocarbon recovery. Historically, artificial lift was primarily used on wells with insufficient pressure but now in an effort to improve flow rates its use on naturally flowing wells has increased. In total there are ~1 million wells utilizing artificial […]
Continued growth for U.S. onshore wind energy projects
Executing on a strategic decision to focus on the U.S. onshore wind energy market, BP has exiting from other countries. It has just sold 100 MW of wind energy capacity in India to Green Infra Limited, an independent power producer backed by India’s infrastructure-focused private equity group, IDFC. BP’s decision mirrors those of Shell and […]