Focus Distribution’s Post

This article emphasizes the critical need for oil, gas, and new energy companies to #transform holistically in the face of various challenges. It stresses the importance of adopting a nimble, principles-based Operating System to address #safety, #risk, #cost, #growth, and decarbonisation concurrently. The piece also warns against common pitfalls such as under-investment in leadership and operating in silos. Overall, a well-designed #OperatingSystem is crucial for driving business performance, fostering a culture of #continuous improvement, and ensuring both short-term viability and long-term #sustainability.

New 6-year Gas Sales Agreements signed with Northern Territory Government for up to 40.5 PJ from Mereenie & Palm Valley fields (2025-2030). Agreements support new well investments and ensure continuous gas sales at market prices. CEO, Matthew Boyall, commented: “Cue is proud to supply Northern Territory gas to Territorians. The contracts underscore the importance of the Amadeus gas fields, the largest NT onshore gas production fields, for Territory energy security and provide the confidence to facilitate further investment to increase gas production.” View the full ASX Announcement here: https://lnkd.in/gmed4JPy #CUE #CueEnergy #Energy #ASX #Investment #oil #gas #oilandgas #ASX #ASXNews

This week, US energy firms have made notable adjustments by reducing the number of oil and natural gas rigs, as reported by Baker Hughes. This shift in focus is evident as the total rig count has dropped to 584, a significant decrease marking the lowest count since early September. This decline represents a 6% reduction compared to the figures from the previous year. The industry's response to these changes may indicate a strategic realignment in response to current market conditions. #EnergyIndustry #OilandGas #BakerHughes #NaturalGas #Futures #EnergyTrading #energymanagement #energy

This article highlights the pressing need for #oil, #gas, and #NewEnergy companies to #transform comprehensively amidst numerous challenges. It emphasizes the importance of adopting a nimble, principles-based Operating System to address #safety, #risk, cost, growth, and decarbonisation simultaneously. However, it warns against common pitfalls like under-investment in leadership and operating in silos. Overall, a well-designed Operating System is essential for driving business performance, fostering a #culture of #ContinuousImprovement, and ensuring both short-term viability and long-term #sustainability.

"Texas' energy industry achieved new peaks in 2023, setting records for both oil and gas production. Oil production reached a record 1.92 billion barrels (Bbbl), surpassing the previous record by 51 million barrels (MMbbl). Operators produced 12.01 trillion cubic feet of gas (Tcfg), beating the previous record by over 13%. These impressive records highlight Texas' role in providing reliable domestic energy production." #fipi #fipi_iit_ism_sc #petroleumindustry #oilgasindustry #oilngas #oilgas #petroleum

This week, US energy firms have made notable adjustments by reducing the number of oil and natural gas rigs, as reported by Baker Hughes. This shift in focus is evident as the total rig count has dropped to 584, a significant decrease marking the lowest count since early September. This decline represents a 6% reduction compared to the figures from the previous year. The industry's response to these changes may indicate a strategic realignment in response to current market conditions. #EnergyIndustry #OilandGas #BakerHughes #NaturalGas #Futures #EnergyTrading #energymanagement #energy

Despite a decline in deal activity in 2023, M&A within the oil and gas industry has more than doubled recently. Managing Director Palash Misra forecasts the industry's outlook for 2024, sharing the factors behind this surge and how investors are capitalizing on this growth. Click here to read more: https://lnkd.in/eZGW6bJk #Energy #Oil #Gas #PrivateEquity

⛽High inflation, geopolitical uncertainty, and regulatory initiatives are adding pressure to the Energy, Oil, and Gas industry. Join us on August 7th for a 30-minute demo to see how Incorta provides real-time data access for informed decision-making and accurate reporting. https://bit.ly/3WlmKwC #EnergySector #DataAnalytics #Incorta #Oil #Gas #Energy #RealTimeData

Oil and gas will remain vital components of the energy mix for many years to come and production will be essential for delivering the transition. During the Baker Hughes Annual Meeting 2024, esteemed panelists discussed the pressing need for energy producers to prioritize the effective decarbonization of upstream operations in order meet transition goals and debated what the decarbonization of upstream operations will resemble in the future. Watch the highlights video below to learn more and visit our #BHAM2024 proceedings page for more great content: https://lnkd.in/deUwpnur #BakerHughes #Energy #EnergyTechnology #EnergyTransition #Innovation #WeAreBakerHughes #EnergizingChange

Enkon Energy Advisors is launching a new multi-client study on investment outlook for natural gas storage in the U.S. titled “Golden Age of U.S. Natural Gas Storage: Version 2.0”. The study will provide a comprehensive analysis of market drivers, commercial insights, strategic implications, and investment outlook for natural gas storage: -Critical differences between Supercycle 1.0 and Supercycle 2.0 -Market drivers & commercial contracting trends -Gas storage landscape & asset rankings -Regional FSS rate outlook -Investment outlook and risk of capacity overbuild  #naturalgas #gasstorage #permian #lng #oil #crude #midstream