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 […]
The next chapter for U.S. unconventional resources
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 […]
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 […]
March 2013: Learning from the North American Shale Gas Revolution- National seminar and workshop on oil & gas
March 7, 2013- Dr. Prasada Rao, Senior Advisor, ADI Analytics, presented, “Learning from the North American Shale Gas Revolution” at the National Seminar and Workshop on Oil & Gas: Recent Trends in Upstream and Downstream Processing. Three key takeaways included: The North American shale gas success story is real and here to stay It is a game […]
Upstream outlook: A shift to responsible drilling
In 2020, the oil and gas upstream sector dramatically shifted to a self-preservation and survival mode. The impact of COVID-19 shattered crude oil prices to all-time lows in March 2020 followed by a sudden slump in global crude oil demand distressed all upstream stakeholders. It translated into drastic CAPEX reductions (especially in exploration), a postponement […]
Coal, carbon capture, and EOR: A triple crown of synergies
NRG has recently started a demonstration plant for carbon capture and storage at its coal-fired power plant southwest of Houston, Texas. The project is a 50/50 joint venture between JX Nippon Oil & Gas Exploration and NRG and aims to capture all CO2 emissions from the 240 MW plant and use it in a nearby […]
Will private equity cap oil prices?
The general consensus is that oil prices are headed towards some stability in the $60s for the near-term barring major supply disruptions. The OPEC supply cut — far more successful than anticipated thanks to the high levels of compliance as seen in Figure 1 — is now serving as a floor for oil prices. Compliance […]
2017 Outlook for Oil & Gas, Energy, and Chemicals
As we embark on 2017, the oil and gas, energy, and chemical industries must grapple with uncertainty that stems from various factors including the OPEC deal, Donald Trump’s election, Brexit, slowing emerging economies, electric vehicles, and new regulations. The ADI team has assessed these factors and uncertainties in our outlook for 2017. We welcome feedback […]
