Industry & Analysis
News
April 29, 2024
These individuals, who will serve one-year terms as Council co-chairs and co-vice chairs, and three-year terms as board and Advisory Board members, bring a wealth of experience and expertise to their roles.
News
April 29, 2024
Last year, the demand for loans from oil and gas companies fell 6% year-on-year, and that followed a decline of 1% in 2022.
News
April 29, 2024
Chevron Corp. expects a resolution to a dispute with Exxon Mobil Corp. over a Guyana oil contract in coming months that would allow for the completion of the $53 billion acquisition of Hess Corp. this year.
News
April 29, 2024
World oil consumption rose above 100 MMbpd in 2023 and is expected to keep rising this year and next, according to the International Energy Agency. Achieving net zero emissions by 2050 requires tripling renewable energy capacity by the end of the decade and more than doubling green investments to $4.5 trillion a year globally by the early 2030s, the IEA said last year.
News
April 28, 2024
After better-than-expected production from fewer rigs in 2023, U.S. shale executives now are in the midst of slowing down amid a shrinking inventory of top-tier drilling locations, weak natural gas prices, and industry consolidation.
News
April 26, 2024
ExxonMobil says the transaction would help lower costs, boost U.S. oil and gas production and accelerate Pioneer’s net- zero goals.
News
April 26, 2024
Adjusted first-quarter profit of $2.93 a share was 3 cents higher than the average of analyst estimates in the Bloomberg Consensus. Crude-oil production of almost 2 MMbpd exceeded forecasts.
News
April 25, 2024
EQT now sees its sales volume for the year at 2,100 to 2,200 Bcfe, down from 2,200 to 2,300, the company said in a Tuesday earnings statement. That’s based on production curtailments of 1 Bcfd through May, with the potential to lower output even further, depending on the market.
News
April 24, 2024
"Any actions to delay or reduce Gulf of Mexico oil and gas lease sales could inadvertently delay offshore wind lease sales," said the National Ocean Industries Association (NOIA) President Erik Milito.
News
April 24, 2024
The hearing examined the challenges faced by American energy producers, including regulatory uncertainty caused by administration policies, and highlighted career training opportunities aimed at growing the energy workforce.
News
April 23, 2024
The fund projects Saudi oil production will reach 10 MMbpd in early 2025, from what’s now a near three-year low of 9 MMbbl. Saudi Arabia says its production capacity is around 12 MMbpd and it’s rarely pumped as low as today’s levels in the past decade.
News
April 23, 2024
The combination will immediately create an enlarged and stronger combined group with 2024 production greater than 100,000 boed and the underlying potential to organically grow to 150,000 boed by the early 2030s.
News
April 23, 2024
The Independent Petroleum Association of America (IPAA) and the American Petroleum Institute (API) released statements on the new National Petroleum Council (NPC) report on reducing greenhouse gas emissions from the natural gas supply chain being presented to Department of Energy Secretary Granholm.
News
April 23, 2024
Outmaneuvering larger rivals to secure Endeavor puts Diamondback in the front row among Permian-centric E&Ps, giving it a scale comparable to Pioneer Natural Resources prior to its sale to ExxonMobil. APA also expanded in the Permian, but via the public merger route with its purchase of smaller Callon Petroleum for $4.5 billion.
News
April 23, 2024
After better-than-expected production in 2023, the U.S. shale patch is now in the midst of slowing down amid dwindling inventory for top-tier drilling locations, weaker natural gas prices and industry consolidation.
News
April 22, 2024
SapuraOMV’s operated production in 2023 was about 500 MMcfd of natural gas, feeding the Bintulu liquefaction plant operated by Petronas Nasional Bhd., as well as 7,000 bpd of condensates, TotalEnergies said in the statement. It also holds interests in exploration licenses in Malaysia, Australia, New Zealand and Mexico.
News
April 19, 2024
The Energy Workforce & Technology Council released a statement strongly condemning the administration’s move to block oil and gas drilling across over 13 million acres of the National Petroleum Reserve, a vital component of the U.S.’ energy security.
News
April 19, 2024
The two companies are already partners in exploration blocks in the Exploration & Production segment, including Alto de Cabo Frio Central, Campos basin, and Barreirinhas basin, all operated by Petrobras.
News
April 19, 2024
The National Ocean Industries Association (NOIA) Board of Directors has elected Jonathan Landes, President, Subsea of TechnipFMC, as the NOIA Chair for the 2024-2025 term. Joe Leimkuhler, Chief Operating Officer of Beacon Offshore Energy, was elected as the 2024-2025 Vice Chair. Jon and Joe were confirmed in their positions during the NOIA Board of Directors meeting Friday morning.
News
April 19, 2024
Tesla is down 41% in a punishing start to the year, marked by renewed growth worries, widespread job cuts and its first year-over-year sales drop since the early days of the pandemic. Meanwhile, Exxon has finally arrested a decade-long production decline with fast-growing oil developments in Guyana and the Permian basin, maximizing the benefit of crude’s 16% gain this year.
News
April 19, 2024
Under the plan advanced by the Interior Department on Friday, future oil leasing and development is limited across 13 million acres of the 23-million-acre National Petroleum Reserve Alaska designated as “special areas.” And leasing is completely blocked across 10.6 million acres of the reserve.
