In the DI Expert series, we cover a broad range of topics to appeal to the working interests of oil and gas professionals around the globe. From a piece inspired by a Mud Logger’s “Ask Me Anything” on Reddit, to an article that explores the frustrations and issues surrounding most oil and gas software, this edition introduces analyses that are sure to stimulate great discussion points among colleagues in all disciplines of the industry. We also reveal the greatest driver of oilfield innovation and value in the 21st Century, and highlight the prolific counties that account for over half of all oil and natural gas production in the U.S.
Many in the United States’ power generation
industry no doubt long for the relative market
tranquility of the late 20th century. The generation
plants built and operated then were carbon-fueled
or nuclear-powered, with a few hydro-electric
plants sprinkled in. The economics were largely
stable and predictable, often thanks to regulation
that shielded utilities from market fluctuations.
But even in those simpler times, when the
market was far less volatile, there was still
much due diligence required when investors
and developers were considering multi-milliondollar commitments in new generation projects.
Today’s market is more volatile, due in large part
to the disruptive effect of low-cost natural gas
and the subsequent, rapid growth of affordable
As more uneconomical and inefficient generation
plants go offline, there is, for the most part,
sufficient carbon-free or carbon-reduced
generation to meet the growing demand for
electric energy. There are pockets of growth
Experts say the demand for electricity, natural gas, and water will double or triple as billions of people join the digital economy, and the use of energy and water will grow while vehicles and mass transit go electric. One thing is clear – the digital economy needs clean, dependable, and affordable electricity. This should be a great outlook for power generators, distributors, and retailers, but decarbonization, deregulation, and decentralization are disrupting the century-old utilities hierarchy. A “Digital Energy Network” is emerging that reflects new structures of power generation, transmission, distribution, and retail. It will foster new business models and processes and transform work in a competitive and collaborative digital economy.
Published By: TRIRIGA
Published Date: Mar 31, 2008
Investments in green building strategies consistently result in significant benefits for organizations today. Green buildings not only reduce the environmental impacts of natural resource consumption and green house gas emissions, but they also provide economical benefits such as reduced costs, improved bottom-line performance and higher shareholder value.