Category: OFS

Enhanced Recovery Techniques in Oil and Gas: The Game Changer for a Global Energy Security Renaissance

Clark Savage124

In an era of geopolitical uncertainty, maturing conventional fields, and rising global energy demand, the oil and gas industry stands at the threshold of a profound renaissance in energy security. The key? Enhanced recovery techniques—often called tertiary or enhanced oil recovery (EOR)—that unlock vast volumes of oil already discovered but left behind in existing reservoirs. […]

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U.S. Weekly Rig Count Rises Sharply to 557 as Oil Activity Strengthens in Core Basins

Clark Savage209

The latest U.S. Rig Report from WellDatabase, dated June 12, 2026, shows the total active U.S. rig count at 557 — up 15 rigs week-over-week and +2 year-over-year. This marks a meaningful rebound after a period of relative stability.energynewsbeat.co The increase was driven primarily by oil-directed drilling, with gains concentrated in the Permian Basin and […]

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China Starts Prefabricated Power Hub for Data Centers, CCTV Says. – There is a right way to do Data Centers Emerging

Clark Savage243

China is moving fast to solve one of the biggest bottlenecks in the global AI race: powering data centers quickly and cheaply. According to state broadcaster CCTV, the country has just launched its first prefabricated computing power hub in the eastern city of Qingdao, Shandong province. This modular power solution promises to slash construction time […]

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US Drilling Rigs Rise in Longest Streak Since 2022 on Hormuz Price Bump

Clark Savage324

Houston, TX – June 6, 2026 – U.S. oil-directed drilling rigs posted their sixth consecutive weekly gain this week—the longest upward streak in domestic exploration since mid-2022—pushing the Baker Hughes oil rig count to 431. The increase comes as higher crude prices, fueled by ongoing disruptions and geopolitical tensions in the Strait of Hormuz, continue […]

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AI Could Unlock $500 Billion for Oil and Gas Producers by 2030 — But Only with Accountability

Clark Savage274

The upstream oil and gas sector stands on the cusp of a transformative opportunity. According to fresh analysis from Rystad Energy, digitalization and artificial intelligence could generate nearly $500 billion in cumulative value for Exploration & Production (E&P) companies between 2026 and 2030. This windfall would come through three main levers: cost reductions via more […]

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