AI Could Unlock $230B for Oil, Gas, OFSE Cos, McKinsey Says
McKinsey says AI could unlock $230 billion for oil and gas and oilfield services and equipment (OFSE) companies.
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Entries by Breakthrough Investment Group
North America adds rigs for 3 straight weeks
North America rig count increased 16 WoW to 807, driven by a 1-rig gain in the U.S. and 15-rig gain in Canada.
U.S. crude production reaches record 13.934 million b/d in April
U.S. crude oil output hit a record 13.934 million barrels per day in April, according to data released Tuesday by US EIA
War, gas prices, and AI are fueling a Texas pipeline boom
War-driven oil price surges and a glut of cheap Permian Basin natural gas are fueling a Texas pipeline and infrastructure boom.
UAE exit from OPEC signals closer alignment with US interests, experts say
UAE wants to supply more oil than its OPEC quota and that could help push down prices once the Strait of Hormuz opens.
US crude oil production rose in 2025, setting new record
US crude oil production grew by 350,000 b/d, in 2025, setting a new annual production record of 13.6M b/d, according to our latest STEO.
Oil prices ease after Trump says US will insure tankers transiting Strait of Hormuz
Crude oil prices eased Tuesday in extended trading, after Pres. Trump said the U.S. would insure tankers moving through the Strait of Hormuz.
US Energy Secretary urges industry to double oil and gas output
At SPE’s Hydraulic Fracturing Conference, Energy Secretary Chris Wright challenges the industry to significantly boost oil and gas recovery.
Oil stocks sharply higher after US action in Venezuela
US energy stocks jump after Trump says America will take control of Venezuela’s oil industry after Maduro’s capture.
Desert Southwest Expansion approved, adding new natural gas capacity across the US Southwest
Energy Transfer has announced its plans to expand the Transwestern Pipeline to reach new demand in the US Southwest for natural gas.
