Tech and energy are teaming up, creating a market that could grow 500% in the next 5 years
As the energy industry faces a time of reckoning — pressured by consistently low oil prices, high operating costs and a growing sustainable investing movement — oil and gas companies are increasingly turning to Silicon Valley for help streamlining operations and boosting efficiencies. By some estimates, the addressable market for digital oil and gas solutions […]
Ambiguity Foils Right of Way Agreement
By Charles Sartain on April 28, 2021 Co-author Brittany Blakey The central issue in the Texas case of Cook v. Cimarex Energy Co.: Did Cook grant Cimarex a right of way across Cook’s land to the location of two Cimarex wells. No he didn’t. Reversing the trial court, the court of appeals concluded that two Contracts of Release were […]
What is Oil and Gas Law?
Oil and Gas Law in the United States is the branch of law that pertains to the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights. The law regulating oil and gas ownership in the U.S. generally differs considerably from laws in […]
Oil and gas regulation in the United States: overview
A Q&A guide to oil and gas regulation in the United States. The Q&A gives a high-level overview of the domestic oil and gas sector, rights to oil and gas, health safety and the environment, sale and trade in oil and gas, tax and enforcement of regulation. It covers transfer of rights; transportation by pipeline; […]
The future of IT: An oil and gas perspective
Across industries, CEOs are realizing the importance of agility in sustaining and growing their business. More than half acknowledge agility as the new currency of business and that growth relies on the ability to challenge and disrupt business norms. Despite this realization, just under half of global CIOs feel their organizations are better than competitors […]
The Role Of Information Technology In The Upstream Oil & Gas Industry
Calgary, AB – Research conducted by Ipsos-Reid on behalf of PeopleSoft indicates that Information Technology is an important issue for the Oil and Gas industry today. Among other findings, study outcomes indicate that there is not currently a strong move among Canadian oil and gas companies to become compliant with the US Sarbanes-Oxley Act of 2002. […]
A new mandate for the oil and gas chief information officer
In an increasingly data-dependent sector, oil and gas companies need to scale up their use of technology across the enterprise rapidly. Success will involve reframing the CIO’s role in driving not only digital transformation but also business outcomes. Most oil and gas companies have embarked on a digital transformation in the past few years. Many technology-enabled […]
Technology and Oil
PURPOSE To demonstrate how much our society depends on petroleum products and to show how advances in technology have allowed us to find, obtain, and transport oil more efficiently. CONTEXT This lesson is part of the Energy in a High-Tech World Project, which examines the science behind energy. Energy in a High-Tech World is developed […]
The Iraq War Was Not About Oil
Why did the U.S.-led coalition attack Iraq in 2003? Sixteen years after George W. Bush’s “Mission Accomplished” speech, the answer seems obvious to some: oil of course! When war was waged, this was the widespread view in Jordan (71 percent), Morocco (63 percent), Pakistan (54 percent), Turkey (64 percent), Germany (60 percent) and France (58 […]
Oil prices rally as record winter storms hit Texas shale supplies
(Bloomberg) –Oil hit a fresh 13-month high as cold weather in Texas may see supply curbed from America’s largest shale patch. U.S. West Texas Intermediate futures surged as much as 2.2% in early Asian trade, rising above $60 a barrel for the first time in more than a year. Brent crude in London rallied past […]