The Decline of the Roughneck: How AI and Automation are Transforming the Oilfield Industry
The roughneck is slowly disappearing from the oilfield as AI and automation take over Picture an oilfield. Chances are you see a greasy drilling rig surrounded by a group of equally greased-up and grizzled oilmen, moving heavy equipment in a dangerous and labor-intensive environment. Not these days. The coverall-adorned roughnecks of yesteryear today are now […]
Open Exposure: Colorado Chevron Well Experiences Blowout, Leaving Community in Uncertainty
Open Exposure: Colorado Chevron Well Suffers Blowout, Community Left in Dark When holes are drilled into the ground to frack and extract fossil fuels, no one and nothing is safe. There is no such thing as a “clean” or “carbon neutral” oil and gas operator. From the very beginning, drilling for oil and gas creates […]
Chevron (CVX) Targets Expansion in Indonesia’s Oil and Gas Sector
Chevron (CVX) Eyes Indonesian Oil and Gas Expansion Chevron (CVX, Financial) seeks to re-enter Indonesia for oil and gas exploration, focusing on blocks with significant gas reserves. Analysts predict an 18.10% upside potential for Chevron, with price targets ranging from $124 to $186. The company’s current brokerage recommendation indicates an “Outperform” status. Chevron (CVX) has […]
Safety Report Submission Required This Month for Active Oil and Gas Operators in Colorado Following Bishop Well Incident Near Galeton
Following Bishop Well incident near Galeton, active oil and gas operators in Colorado must submit a safety report this month While the cause of the Bishop Well incident near Galeton last month remains unknown, a state agency last week issued a notice to active well operators statewide mandating a report on well integrity and safety […]
Fraudulent Oil and Gas Data Submitted for Wells Near 15 Front Range Cities
Bogus oil and gas data filed for wells near 15 Front Range cities Some of the oil and gas sites where falsified data for toxic substances was filed with state regulators are in 15 Front Range municipalities stretching from Northglenn to Severance, according to the Colorado Energy and Carbon Management Commission. The commission announced Nov. […]
From Humble Beginnings to Prosperity: Guyana’s Rapid Transformation into a Petrostate
From Rags to Riches: Guyana’s Meteoric Rise as a Petrostate Oil tumbled at the end of the U.S. summer driving season, with fears of an economic slump in China weighing heavily on the outlook for petroleum. As such, the international Brent benchmark plunged by over 12% in a month to lows not seen since early […]