Energy

Solar

Solar Jonathan Poland

The amount of sunlight that strikes the earth’s surface in an hour and a half is enough to handle the entire world’s energy consumption for a full year. Solar technologies convert sunlight into electrical energy either through photovoltaic (PV) panels or through mirrors that concentrate solar radiation. This energy can be used to generate electricity or be stored in batteries or thermal storage. Solar energy systems come in all shapes and sizes. Residential systems are found on rooftops across the United States, and businesses are also opting to install solar panels. Utility companies are building large solar power plants to provide energy to all customers connected to the grid.

In the United States alone, 4.6 gigawatts (GW) of solar PV capacity was installed in Q2 2022 pushing the total installed capacity to 130.9 GW, enough to power 23 million American homes. Solar accounted for 39% of all new electricity-generating capacity added in the U.S. Residential solar had its largest quarter in history with 1.36 GW installed, setting its fifth-straight quarterly record. Utility-scale solar installations reached 2.7 GW, a 25% decrease over the same quarter last year, as the industry continued to weather supply chain challenges and trade disruptions. Bottom line? The industry continues to grow.

Industry’s Top Companies:

  • Enphase energy
  • First Solar
  • SolarEdge
  • Sunrun
  • SunPower
  • Shoals Technologies
  • Array Technologies
  • Sunnova Energy
  • JinkoSolar
  • Canadian Solar

Uranium

Uranium Jonathan Poland

The 1789 discovery of uranium is credited to Martin Klaproth, who named the new element after the recently discovered planet Uranus and its radioactive properties were discovered in 1896 by Henri Becquerel. Research by Otto Hahn, Lise Meitner, Enrico Fermi and J. Robert Oppenheimer beginning in 1934 led to its use as a fuel in the nuclear power industry and in the first nuclear weapon used in war.

As for the uranium market, like all commodity markets, it has a history of volatility, moving with the standard forces of supply and demand as well as geopolitical pressures. It has also evolved particularities of its own in response to the unique nature and use of uranium. Historically, uranium has been mined in countries willing to export, including Australia and Canada. However, countries now responsible for more than 50% of the world’s uranium production include Kazakhstan, Namibia, Niger, and Uzbekistan.

Uranium from mining is used almost entirely as fuel for nuclear power plants. However, following the 2011 nuclear disaster at Fukushima, the global uranium market remains depressed, with uranium prices falling more than 50%, declining share values, and reduced profitability of uranium producers since March of that year. As a result, uranium companies worldwide have reduced capacity, closed operations and deferred new production.

Industry’s Top Companies:

  • Cameco Corp
  • NexGen Energy
  • Uranium Energy
  • Energy Fuels
  • Denison Mines
  • Centrus Energy
  • Ur-Energy
  • Uranium Royalty

Thermal Coal

Thermal Coal Jonathan Poland

The thermal coal industry is a segment of the overall coal industry that is focused on the production and use of coal for heat and power generation. Thermal coal is typically used in power plants to generate electricity, and is also used in a variety of industrial processes that require heat.

The thermal coal industry is an important part of many national economies around the world, as coal is a relatively inexpensive and widely available source of energy. However, the industry has faced increasing pressure in recent years due to concerns about the environmental impact of burning coal, as well as competition from other sources of energy such as natural gas and renewable sources such as wind and solar.

As a result, the demand for thermal coal has been declining in many parts of the world, and the industry has had to adapt to this changing market environment. This has led to a focus on increasing the efficiency of coal-fired power plants, as well as on developing technologies that can reduce the environmental impact of coal use.

Industry’s Top Companies:

  • Peabody Energy
  • Alliance Resource Partners
  • Arch Resources
  • CONSOL Energy
  • Natural Resource Partners

Oil & Gas Refining & Marketing

Oil & Gas Refining & Marketing Jonathan Poland

The oil and gas refining industry is a segment of the overall oil and gas industry that is focused on the processing of crude oil and natural gas into more useful products. This typically involves separating the various components of crude oil and natural gas, such as gasoline, diesel, and propane, through a process called distillation. The resulting products are then refined further to produce a wide range of fuels and other chemicals that are used in a variety of applications.

The refining industry plays a critical role in the global economy, as it provides the raw materials for many important products, including transportation fuels, petrochemicals, and plastics. The industry is also a major employer, with many large refining facilities employing hundreds or even thousands of workers.

The refining industry is subject to a number of factors that can affect its performance, including changes in demand for its products, fluctuations in the price of crude oil, and competition from other industries. In recent years, the industry has faced increasing pressure to reduce its environmental impact and to find ways to produce cleaner, more sustainable fuels.

Industry’s Top Companies:

  • Marathon Petroleum
  • Phillips 66
  • Valero Energy
  • HF Sinclair
  • Cosan
  • Valvoline
  • PBF Energy
  • Sunoco
  • CVR Energy
  • Delek Holdings
  • World Fuel Services

Oil & Gas Midstream

Oil & Gas Midstream Jonathan Poland

The oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors. Natural gas pipeline networks aggregate gas from natural gas purification plants and deliver it to downstream customers, such as local utilities.

The midstream operations are often taken to include some elements of the upstream and downstream sectors. For example, the midstream sector may include natural gas processing plants that purify the raw natural gas as well as removing and producing elemental sulfur and natural gas liquids (NGL) as finished end-products.

Industry’s Top Companies:

  • Enbridge
  • Enterprise Products
  • TC Energy
  • Kinder Morgan
  • Cheniere Energy
  • Williams Companies
  • Energy Transfer
  • MPLX
  • ONEOK
  • Pembina Pipeline

Oil & Gas Integrated

Oil & Gas Integrated Jonathan Poland

The oil and gas integrated industry encompasses companies that are involved in the full range of activities involved in the exploration, extraction, production, transportation, and refining of oil and natural gas. These companies are often referred to as “integrated” because they are involved in every stage of the oil and gas value chain, from exploration and drilling to refining and marketing. Some of the largest and most well-known integrated oil and gas companies include ExxonMobil, Chevron, and BP. These companies typically have large and diverse operations that span multiple countries and continents. In addition to their core exploration and production activities, many of these companies also have significant refining and marketing operations, as well as a range of other businesses such as petrochemical manufacturing and renewable energy. Because of their scale and scope, integrated oil and gas companies play a major role in the global economy and are among the largest and most powerful corporations in the world.

Industry’s Top Companies:

  • Exxon Mobil
  • Chevron
  • Shell
  • TotalEnergies
  • Equinor
  • BP
  • Petro Brazil
  • Eni (Italy)
  • Imperial Oil
  • Suncor
  • Cenovus
  • Ecopetrol

Oil & Gas Equipment and Services

Oil & Gas Equipment and Services Jonathan Poland

The oil and gas equipment and services industry is a complex and dynamic sector that plays a crucial role in the global economy. This industry encompasses a wide range of companies and organizations that provide a variety of products and services to support the exploration, extraction, production, transportation, and refinement of oil and natural gas. These products and services include drilling equipment, well completion and stimulation products, offshore support vessels, pipeline construction and maintenance services, and many others. These companies operate in challenging and often unpredictable conditions, and must constantly adapt to changing market conditions and technological advancements. Despite the many challenges facing the industry, it remains an important contributor to the global economy and a source of jobs and revenue for many countries.

Industry’s Top Companies:

  • Schlumberger Limited
  • Halliburton Company
  • Baker Hughes
  • Tenaris
  • NOV Inc
  • ChampionX
  • TechnipFMC
  • Cactus Inc.
  • ProFrac Holding
  • Weatherford International
  • Liberty Energy
  • NextTier Oilfield Solutions

Oil & Gas Exploration and Production

Oil & Gas Exploration and Production Jonathan Poland

The exploration and production (E&P) sector of the oil and gas industry is concerned with the early stage of energy production, which typically involves finding and extracting oil and natural gas. E&P companies specialize in locating and extracting raw materials that are used in the energy business, but they do not typically refine or produce energy themselves. Instead, they focus on finding and extracting the raw materials, which are then shipped to other companies within the production process for further processing.

After identifying potentially viable fields, a well is drilled to test the findings by collecting samples. If there are both the quality and quantity needed to produce and sell commercially, the production of oil wells begins. The oil and gas deposits are extracted from the wells, stored temporarily, and eventually shipped via a pipeline to a refinery. The resource owners and operators of E&P work with a variety of contractors, such as engineering procurement and construction (EPC) contractors, joint-venture partners, and oil field service companies. In the process of locating and extracting oil and gas, E&P companies also build infrastructure and collect massive amounts of analytical data.

Extracting oil and natural gas from the earth’s surface is a highly debated and complicated process that requires a significant amount of financial and physical effort. Despite the controversy surrounding it, this process is essential for powering vehicles, heating buildings, generating electricity, and producing a wide range of products such as deodorant, MRI machines, and pacemakers. Without these resources, the economy and daily life would come to a halt.

Industry’s Top Companies:

  • ConocoPhillips
  • EOG Resources
  • Candadian National
  • Occidental Petroleum
  • Pioneer Natural Resources
  • Woodside Energy Group
  • Devon Energy
  • Hess Corporation
  • Texas Pacific
  • Marathon Oil
  • Chesapeake
  • Southwestern Energy
  • Murphy Oil

Oil & Gas Drilling

Oil & Gas Drilling Jonathan Poland

The drilling industry is a sector of the larger oil and gas industry that is concerned with the exploration and extraction of oil and natural gas from underground reserves. This is typically done using large specialized drilling rigs and a variety of specialized equipment and techniques. The drilling industry is an important part of the global economy, as oil and natural gas are vital sources of energy for a wide range of industries and activities. Companies in this industry use a variety of methods, including traditional drilling and more advanced techniques such as hydraulic fracturing, to extract oil and gas from the ground. The industry plays a significant role in the global energy market and is a major contributor to the world economy.

Drilling for oil and natural gas typically involves the use of a specialized drilling rig that is designed to bore deep into the ground to reach underground reserves of oil and gas. The rig is typically set up on a platform or well pad, and a drilling team will use a variety of specialized equipment and techniques to carefully and safely drill a hole down into the earth. This hole, called a well, will be lined with casing to prevent it from collapsing, and then the drilling team will use a variety of techniques to extract the oil or gas from the well. This can involve injecting water, chemicals, or other materials into the well to help bring the oil or gas to the surface, or it can involve using specialized equipment to pump the oil or gas out of the well. It’s a complex and technical process that requires a high level of skill and expertise.

Industry’s Top Companies:

  • Borr Drilling
  • Diamond Offshore
  • Helmerich & Payne
  • Nabors Industries
  • Noble Corporation
  • Valaris Limited
  • Transocean Ltd.
  • Patterson-UTI

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