OGJ Daily Newsletter - May 8th, 2024
 
 
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May 8, 2024
Recent acquisitions worth $270 million will call for an additional $50 million in capex during second-half 2024.
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When all stakeholders share the same objectives from the beginning, EPC projects get built the right way, on time and on budget. Active alignment encourages transparency, clear communication, smarter planning and true partnership in pursuing a common vision. In this article, S&B SVP of Commercial Justin Borchardt illuminates the ways that early alignment reduces risks across the project to facilitate success at every stage.

The US EIA expects voluntary OPEC+ crude oil production cuts and ongoing geopolitical risks will maintain Brent crude oil prices near $90/bbl for the remainder of 2024 before falling to an average of $85/bbl in 2025.
US crude oil inventories for the week ended May 3, excluding the Strategic Petroleum Reserve, decreased by 1.4 million bbl from the previous week, according to data from the US EIA.
Equinor Energy AS has agreed to acquire a 45% share in two lithium projects in the Smackover formation in southwest Arkansas and east Texas from Standard Lithium Ltd. for up to $160 million.
BW Energy has confirmed additional hydrocarbons in the Dussafu license offshore Gabon.
DNO ASA has agreed to acquire stakes in five oil and gas fields in the Norne area in the Norwegian Sea from Vår Energi for $51 million.
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Improved shale reservoir training has been declared as a critical requirement for meeting future oil and gas demands. This book answers that call by addressing the reservoir characteristics, lab tests, and critical evaluation concepts that are somewhat unique to shale oil & gas plays. The information is concise, practical, and primarily intended for those directly engaged in ranking, valuing, or optimizing shale development opportunities.

Sharjah National Oil Corp. discovered new gas reserves in Al Hadiba field, north of the Al Sajaa Industrial Area in Sharjah, UAE.
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With a growing number of Internet of Things (IoT) devices being used in the oil and gas industry to gain better visibility into production sites, they need new ways to collect, store, and analyze the massive data flows generated. AI applications, along with cloud and edge computing, play a pivotal role in providing insight and driving performance. ...
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This new advanced temperature measurement technology delivers accuracy while saving you time and money associated with additional thermowell requirements.
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Join us for an insightful webinar as experts delve into the dynamics of IT and OT collaboration, exploring open automation platforms, deployment challenges, solution ownership strategies, and the benefits of uniting IT and OT expertise to drive Industry 4.0 advancements. Gain valuable insights on splitting and justifying IT/OT investment costs while...