EP TRENDS 01

New survey results suggest the exploration and production industry is turning a corner.

By Kevin Schroeder

With the worst of the industry downturn behind them, E&P operators are turning attention to new opportunities in these more favorable economic – and regulatory – times. The industry is getting used to the “new normal,” with crude trading around $45 to $55 per barrel during 2017, and many companies are reinventing themselves to be profitable at this level. 

 ROBOTICS 02

How oil and gas operators can increase jobs and profits in the robotics age.

By Brent Potts

The Iron Roughneck, a hydraulic machine made by National Oilwell Varco, has almost completely automated one of the most dangerous oil processes on the rig floor. In the past, divers used tongs to manually connect and disconnect segments of pipe deep beneath the ocean’s surface. Today, iron roughnecks perform the same function but are operated remotely. While this automated solution increases both safety and efficiency on the rigs, it also removes the need for drillers.

     Next steps

How will the Trump Keystone XL executive order and similar decisions

impact the industry and U.S. economy?

       By Ben Hutterer

       You may have thought that the Keystone pipeline project is dead. Perhaps you felt that there were just too many obstacles. It appears that you’d be wrong – the project is, for better or worse, expected to move forward and be huge. (Or at least it has the potential to be.)

State of the Ind

After turning the corner on a deep and prolonged downturn, the E&P sector

finds itself emerging into a brighter but still uncertain future. 

By Kevin Schroeder

The recovery in crude oil pricing is adding optimism to the industry. In Grant Thornton/Hart Energy’s 2016 energy survey, more respondents said they planned to increase capital spending in the United States, and almost half want to increase M&A and make strategic deals.

We’re seeing the optimism in action:

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