Industry & Analysis
News
March 29, 2023
The White House is still insisting on a bill that simply raises the debt ceiling without conditions. But an agreement on energy permitting could benefit projects ranging from pipelines and oil refining to renewable power projects, making a deal attractive to both parties.
News
March 29, 2023
OEUK warned that if the UK wanted to tackle climate change, it needed to “get serious” about driving down demand. But while that demand existed, it should be met as much as possible from UK resources.
News
March 28, 2023
The move will deepen BP’s presence in the eastern Mediterranean and mark ADNOC’s first venture into the region, which has seen several major gas finds in the past 15 years and attracted billions of dollars of investment from energy firms.
News
March 28, 2023
Group leader Saudi Arabia has said publicly that the 23-nation alliance should keep supplies steady for the whole of 2023 as it navigates a fragile recovery in global oil demand. Delegates from the group say privately that an online meeting of key ministers on Monday is set to maintain this position.
News
March 27, 2023
A coalition that includes the American Petroleum Institute, Independent Petroleum Association of America and the American Clean Power Association sent a letter on Monday morning, urging Congress to pass “meaningful and durable legislation” to develop energy infrastructure across the nation.
News
March 27, 2023
‘‘Offshore Energies UK congratulates Humza Yousaf as he becomes the new leader of the SNP and First Minister of Scotland. We wish him every success at this critical time for businesses and people looking for energy security and stability in their everyday lives,” said David Whitehouse, CEO of Offshore Energies UK.
News
March 23, 2023
With offices in Fort Worth and Midland, Texas, Valor has grown to become one of the Southwest’s leading private asset managers, providing mineral management, oil and gas bookkeeping, and operator outsourcing for mineral rights, and oil and gas owners.
News
March 23, 2023
Convoy of Hope works alongside communities and its wide network of volunteers aim to alleviate poverty and hunger and to bring help and hope wherever they are most needed in the world.
News
March 24, 2023
By 2030, the UK will be reliant on other countries for at least 80% of its gas and 70% of its oil if there is no investment in new infrastructure – offshoring the associated jobs and benefits to the economy. OEUK has urged the UK Government to nurture UK oil and gas production and avoid an even more rapid decline than that which is currently forecast.
News
March 23, 2023
It’s the first time UK annual energy import costs have broken the £100 billion barrier. OEUK’s Business Outlook Report, published on March 28, will warn that UK consumers and businesses could face similar import bills in this and future years – especially if the windfall tax imposed on UK oil and gas operators remains unmodified.
News
March 23, 2023
Eni’s interest in a deal cooled in recent months after disagreements over price, the people said, asking not to be identified discussing confidential information. A sale could value Neptune at more than $5 billion, Bloomberg News reported in November.
News
March 22, 2023
Crude would need to rise by about 15% to $80 a bbl, and gas would have to climb by more than a third to $3 per MMbtu for drilling and frack work to maintain its current pace, Quantum Energy Partners Chief Executive Officer Wil VanLoh said in an interview.
News
March 21, 2023
According to Clarksons, offshore oil & gas markets are in their strongest position for nearly a decade while momentum in wind continues. Global economic pressures aside, the offshore market outlook seems positive.
News
March 21, 2023
The NSTA expects companies with valuable licenses to progress exploration and production as quickly as possible, in line with their license commitments and the NSTA’s strategy.
News
March 20, 2023
The G-7 previously agreed to review the price level in mid-March, and EU legislation stipulates that the aim should be to keep the threshold at 5% below average market rates.
News
March 20, 2023
Goldman Sachs Group Inc., one of the most bullish banks on its outlook for oil, has nudged its forecasts down as worries over the banking sector and the potential for recession outweigh a surge in demand from China.
News
March 17, 2023
Celebrating innovation and excellence in the offshore energy industry, more than 400 guests attended the announcements of winners in 10 categories at the Offshore Achievement Awards, hosted Thursday night by the Aberdeen section of SPE International.
News
March 17, 2023
Futures in New York are set for a 12% weekly loss. While the failure of Silicon Valley Bank and troubles at Credit Suisse Group AG drove investors from the market, oil-options covering accelerated the selloff.
News
March 16, 2023
The combination of tightening credit conditions and lower energy prices has the potential to constrain U.S. driller spending, or lead OPEC+ to review their output targets, “altering the forward outlook for oil and gas supplies in a non-trivial way,” Pimco's Greg Sharenow said.
News
March 16, 2023
Global markets were roiled on Wednesday as turmoil at Credit Suisse Group AG triggered panic among banking investors. The crisis spread to commodities, with oil falling to a 15-month low.
