.August 29, 2023

Oil and gas production projected to reach $8.6 trillion in 2027 with increasing growth ahead

According to a report from global market research and consulting firm Business Research Company, the oil and gas market is expected to grow to $8.6 trillion in 2027 at a compound annual growth rate of 4.3%. Low-interest rates in most developed countries will positively impact the oil and gas industry during the forecast period. Read More

Prepare your cooling tower for hurricane season – A guide for plant operators

Hurricanes have wreaked havoc on the Gulf and Atlantic coast regions of the United States, and have proven themselves as the most devastating and costliest natural disasters in these areas. Read More

DOE announces $126 million to pursue clean energy research and development

The U.S. Department of Energy announced 106 awards totaling $126 million in research and development grants for 90 different small businesses whose projects will address multiple mission areas across the Department, including clean energy and decarbonization, cybersecurity and grid reliability, fusion energy, and nuclear nonproliferation.

Best practices for minimizing risk during planning, design and construction

When it comes to any key asset capital expenditure, investors, owners and operators are actively focused on the key question of investment risk vs. investment reward.

Governor Abbott touts nuclear energy development at UT fireside chat

Governor Greg Abbott highlighted the important role of nuclear technology and energy in Texas’ thriving economy during a fireside chat with Dow and X-energy at The University of Texas at Austin. Read More

Energy impacts of Gulf of Mexico hurricanes quantified

The National Oceanic and Atmospheric Administration has increased its prediction for the 2023 Atlantic hurricane season from a near-normal level to an above-normal level of activity, partially due to record high sea surface temperatures. Read More

Valuable Resources

BIC Photos: The PRIME Expo 2023
BIC Website: Top News on BICMagazine.com
BIC Video: The economic outlook for U.S. chemical markets
BIC Website: Texas’ summer electricity generation is critically being supported by natural gas

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