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Oil and Gas This Week

Oil and Gas This Week | January 22 2025 | Ep 366

Oil and Gas This Week

Mark LaCour & Paige Wilson

Business

4.6582 Ratings

🗓️ 22 January 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

Cognite Recognized as a Leader in Industrial Data Management Solutions https://www.cognite.com/en/press-release/cognite-recognized-as-a-leader-in-industrial-data-management-solutions Petrobras Refinery Output Hit Record High In 2024 https://oilprice.com/Latest-Energy-News/World-News/Petrobras-Refinery-Output-Hit-Record-High-In-2024.html Fire at Huge California Battery Storage Plant Forces Evacuations https://oilprice.com/Latest-Energy-News/World-News/Fire-at-Huge-California-Battery-Storage-Plant-Forces-Evacuations.html BP Slashes Jobs, Bolsters Oil & Gas Operations https://oilprice.com/Energy/Energy-General/BP-Slashes-Jobs-Bolsters-Oil-Gas-Operations.html Republican-led states sue Biden administration over offshore drilling ban https://www.reuters.com/legal/republican-led-states-sue-biden-administration-over-offshore-drilling-ban-2025-01-18 US FTC finalizes consent order for […]

Transcript

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0:00.0

You're listening to the oil and gas this week podcast with Mark LeCore and Paige Wilson.

0:14.5

This is the show for busy oil pros who quickly want to keep their finger on the pulse of the industry.

0:24.1

You're listening to the Oil and Gas This Week podcast brought you by Cognite, the global leader in AI for the industry.

0:29.8

This is the show for busy oil pros who want to quickly keep their finger on the pulse of the industry.

0:33.9

So thanks for joining us for episode 366.

0:39.6

So our last episode, we talked about being in Vegas and we brought something back with us from Vegas. Apparently, yeah, what happens

0:44.1

in Vegas doesn't necessarily stay and we brought back a whole ass virus. Yes, all three of us,

0:50.2

Andrew Page and myself all caught it. And I'm sure we got it from Vegas because it all hit us at almost the same time. But just a bad cold. So if I sound deeper than normal, that's what's really going on. But consider we all got a little sick, still had a great time in Vegas. And big shout out to the Consumer Electronics Show for inviting us and for everybody that participate in that. We have a bunch of videos coming out around some of the stuff we've done and some of our partners over there. It was a good time. Speaking of a good time, we don't have a review page. So I guess that is a good time for everybody else so they don't have to hear about it. Yeah. So come on, people. We don't ask for a whole lot. Somebody else pays for this show. The one thing we do ask is leave us a review. Takes a couple of

1:28.4

seconds, and it allows your peers when they discover this show to figure out if they want to listen to it or not. It helps us out. Except for that one lady that hates my laugh. Well, even if there's something that you don't like about the show, let us know, but we just appreciate all reviews. let's get the news stories.

1:44.1

Well, first of, I mean, we're starting strong.

1:46.6

Cognite recognized as leader in

1:48.4

industrial data management solutions. Yeah, and we are not intentionally doing this because

1:53.5

Cognite sponsors this show. This popped up in our news articles, but this is a cool article

1:58.4

from an independent research firm showing how Cognite's data fusion platform is basically the best in the world around its data modeling capacities.

2:08.9

So if you're looking into ways to help model your data, if you're into AI, big data analytics, any type of data modeling, check out Cognite.

2:16.5

They'll be a link to this article for all your geeks out there in the show notes to go in deep on why Vertanix gave Cognite props for being the best in its space and its data management solutions. The good thing about this is the more technology we have like this in the oil field, the better we are at stuff. The better we are at producing, the better we are at protecting the environment, the better we are at lowering costs. And I just love this type of stuff. I've been in this industry for over 25 years and probably for 20 of it. I've been screaming. We need new technology in the industry. It's finally starting to happen. So love this start of stuff looking for more future successes from Cognite and their team and helping the oil and gas industry do what we do best. All right. Next up, we have Petrobras refinery output hit record high in 2024. Yeah, this is actually pretty impressive. Considering they cut Cappex funding in 2020. Yeah. You wouldn't think they would increase production. A bunch of good pieces of information here. One of the things they talk about is their refiners hit our all-time high, thanks to record production of gasoline and S-10 diesel. And know if you're a Chevy fan, S-10 diesel is not diesel-made-fold. S-10 trucks. S-10 diesel basically means, I think it's 10 parts per million of sulfur. Getting rid of

3:26.1

sulfur or lowering the sulfur content diesel fuel goes a long way in helping improve emissions.

3:30.9

Their gasoline output was 24.4 billion liters, which is amazing. And their annual refinery

3:37.3

utilization rate was 93.2%, which is great. Typically, refineries run around 90% utilization rate.

3:44.0

So they're really tweaking the capacity of this refinery.

3:46.9

A bunch of good forecasts in here.

3:48.5

They're actually expected to increase refinery production 31% by 2030.

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