The Covid-19 pandemic has everyone rethinking what steps to take for resilience today, and how to safeguard that resilience for an uncertain energy future. Nearly every oil and gas executive said, in the just released EY Oil and Gas Digital Transformation and the Workforce Survey, that their company will have to change how it operates coming out of the downturn. What’s implied by that result is that oil and gas executives don’t expect the market to ever go back to where it was.
They are right. Oil demand is unlikely to return to the path it was on before the pandemic. New ways of living, working and operating our day-to-day lives have taken hold and are likely to permanently transform traditional choices. When we get to
The “Laser Technology Market by Type (Solid, Liquid, Gas and Others), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The Laser Technology Market Size is Expected to Grow from USD 11.7 Billion in 2020 to USD 17.6 Billion by 2025, at a CAGR of 8.6%
Increasing demand from healthcare vertical and Better performance of lasers over traditional material processing techniques are the key factors driving the growth of the Laser technology market.
Solid type lasers to hold the largest size of Laser technology market during forecast period
The market for solid lasers accounted for the largest size in 2019. A solid laser is the one that consists of an active medium in the solid form. The active medium in a solid laser comprises a glass or crystalline host material, which is
Scientists recently announced that they had found possible signs of life in the clouds of Venus. We probably should have suspected as much all along.
Venus is a natural place to look for life beyond Earth. It is Earth’s twin — almost the same size and structure — and closer to us than Mars, the current favorite of astronomers looking for life elsewhere in the solar system. Venus is also closer to the Sun, which provides the warmth necessary for life as we know it. In the past, a few scientists have suggested that Venus was a source of primordial life that was later seeded on Earth. That theory, lithopanspermia, never gained popularity because current conditions on Venus seemed very inhospitable to life. The high concentration of carbon dioxide in the atmosphere of Venus ensures that the planet has a runaway greenhouse effect that makes its surface incredibly hot, way
Turkey expects to raise its estimate for the amount of natural gas discovered in the Black Sea and plans to announce the new guidance as early as next week, according to people with direct knowledge of the matter.
The government will outline a sizable revision to the initial discovery of 320 billion cubic meters of recoverable gas, unveiled in August, once exploratory drilling is completed this month, the people said, asking not to be named due to the sensitivity of the find.
The energy discovery in the Black Sea is critical for Turkey’s current-account balance which is dragged down by the need to import nearly all of the 50 billion cubic meters of gas the country consumes annually.
Drilling to a depth of around 4,500 meters (15,000 feet) at the Tuna-1 discovery would penetrate two additional formations that appear promising, a senior
An international team of astronomers has discovered a new gas giant alien world as part of the Next Generation Transit Survey (NGTS). The newly found exoplanet, designated NGTS-12b, is about the size of Jupiter, but more than four times less massive than the solar system’s biggest planet. The finding is reported in a paper published September 22 on arXiv.org.
NGTS is a wide-field photometric survey focused mainly on the search for Neptune-sized and smaller exoplanets transiting bright stars. The project uses an array of small, fully-robotic telescopes at the Paranal Observatory in Chile, operating at red-optical wavelengths. It uses the transit photometry method to find new exoworlds, which precisely measures the dimming of a star to detect the presence of a planet crossing in
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Sep 30, 2020 (The Expresswire) — Small Gas Engines Market” is valued at 7127.1 million USD in 2020 is expected to reach 7864.2 million USD by the end of 2026, growing at a CAGR of 1.4% during 2021-2026, According to New Research Study. 360 Research Reports provides key analysis on the global market in a report, titled “Small Gas Engines Market by Types (Under 200 cc, 200-400 cc, 400-650 cc), Applications (Garden and Agricultural Machine, Motorcycle, Generator, Others) and Region – Global Forecast to 2026” Browse Market data Tables and Figures spread through 124 Pages and in-depth TOC on Small Gas Engines Market.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
A state commission has given preliminary approval to what could be the largest statewide setbacks for oil and gas wells in the country.
The Colorado Oil and Gas Conservation Commission voted Monday for 2,000-foot setbacks. A final vote on that rule and many others is expected in early November.
The COGCC said it believes the 2,000 feet of space that would be required between homes, schools and oil and gas wells would be the largest in the country.
However, the requirement comes with exceptions that could in practice result in shorter setbacks in certain cases, including when topography or technology can provide comparable protections at a shorter distance.
The setbacks and a first-of-its-kind emissions-monitoring rules for wells approved Sept. 23 by the Colorado Air Quality Control Commission are part of the implementation of Senate Bill 181. Both panels have been holding public hearings, meeting with interest groups and writing rules
HOUSTON, Sept. 29, 2020 /PRNewswire/ — Ninety percent of oil and gas executives agree that investment in technology and workforce are essential to surviving current market conditions, according to a new EY survey: Oil and Gas Digital Transformation and the Workforce Survey 2020. In fact, 58% said the COVID-19 pandemic has made investing in digital technology more urgent, with a majority planning to invest a great deal (29%) or moderate amount (51%) relative to their total budget.
“The COVID-19 pandemic has accelerated the timeline for some digital technology adoption from five years to three months,” said Andy Brogan, EY Global Oil & Gas Leader. “The cost savings digital can deliver is critical for survival in today’s low-price environment, as oil and gas companies look to gain greater operational efficiencies and drive productivity across the value chain. However, to capture the full value of these investments, oil and gas
The monumental Tesla Battery Day last week clearly wasn’t as monumental for some as they had expected. The day after the much-anticipated event, Tesla shares dropped by nearly 10%. This seems to be partly because the “million mile battery” wasn’t part of the presentation. The fickle investment community was hoping for an easily understood revolutionary announcement like an EV battery that will do a million miles without needing replacement. What they got instead was a series of incremental improvements based on technologies that were hard to understand and not very well explained. But the tail end of the Battery Day presentation was incredibly significant and foretells the final nail in the coffin of the traditional car industry based around fossil fuel propulsion.
Without much more than a single slide and a couple of sentences, Elon Musk delivered