Industry & Analysis
News
September 25, 2023
Hamm told the standing-room-only crowd inside a Bob’s Steak & Chop House that there should be a full-on resumption of oil drilling permits on federal lands, reversing the policy of President Joe Biden. Not being able to drill more on federal lands has increased energy costs, he said.
News
September 22, 2023
In comments submitted to the Department of the Interior’s Bureau of Land Management (BLM), the associations reiterated the oil and natural gas industry’s longstanding record of responsible development of the United States’ vast natural resources but expressed concern over the damaging impact this rule could have on American energy security.
News
September 22, 2023
Operators were ordered to come into compliance with Commission rules and assessed $74,868 for any oil and gas, LP-Gas, critical infrastructure, or pipeline safety rule violations.
News
September 22, 2023
Workers accepted a proposed settlement on pay and conditions put forward by the country’s labor regulator and will suspend industrial action, the Offshore Alliance, a grouping of two major unions, confirmed Friday in a statement.
News
September 22, 2023
“We are pleased that the court has hit the brakes on the Biden Administration’s ill-conceived effort to restrict American development of reliable, lower-carbon energy in the Gulf of Mexico," said API's Senior Vice President and General Counsel Ryan Meyers.
News
September 22, 2023
The Interior Department’s Bureau of Ocean Energy Management “failed to justify its pivot,” U.S. District Judge James Cain wrote in a 30-page ruling late Thursday.
News
September 21, 2023
Oil ministers and fossil-fuel company executives descended on Canada’s energy capital this week for the World Petroleum Congress. And even as oil prices threatened to break the $100-per-barrel mark, it was the global transition to cleaner energy that was the focus of proceedings.
News
September 21, 2023
The North Sea exploration company is working with Citigroup Inc. to study a range of strategic options, according to the people, who asked not to be identified discussing confidential information.
News
September 20, 2023
While much of the focus remains on consumer measures, the leading representative body for the sector, Offshore Energies UK (OEUK), said an enduring consensus is needed across parties if it is to unlock $213.22 billion of company investment in oil, gas, wind, hydrogen and carbon capture over the next decade.
News
September 20, 2023
The Republican presidential candidate’s plan would encourage more domestic oil development, expand exports and make fossil fuel production central to national security and foreign policy priorities.
News
September 20, 2023
API urged EPA to align its complex methane regulations that apply to U.S. natural gas and oil operations and adopt a timeline for the final methane rule that accounts for the reality of supply chain delays for critical equipment needed in thousands of facilities in producing basins across the country.
News
September 19, 2023
Wirth has held a bullish view on oil for some time. In March, he cited a combination of dwindling spare production capacity around the world and the anticipation that China’s economy will pick up speed again.
News
September 19, 2023
Market expectations indicate that oil prices will “stabilize and move down” over time, Treasury Secretary Janet Yellen said in an interview with MSNBC on Tuesday, adding that that was her own hope and expectation also.
News
September 19, 2023
Both chief executive officers touted capturing and storing carbon as one of the best way to significantly reduce emissions from burning fossil fuels. They also stated that cutting oil usage too quickly would be dangerous, given the growing global demand for energy.
News
September 19, 2023
Alberta Premier Danielle Smith said the agency’s projection that the world must cut oil production by 75% in the next 30 years to achieve net-zero global carbon emissions was “ludicrous.”
News
September 18, 2023
“Proactive, preemptive and precaution — these three words will address how we are attending to the situation knowing there are uncertainties coming from multiple directions,” Prince Abdulaziz said during a discussion at the World Petroleum Congress in Calgary.
News
September 18, 2023
The IEA’s prediction that oil consumption will peak this decade and grow at a slower rate in the near term as the energy transition gathers pace has been proven to be unrealistic, Nasser said Monday.
Article
September 2023
A novel approach to engineering for upstream projects is producing significantly better outcomes. The innovative techniques are focusing more attention on the design and effective control of engineering workflows to reduce NPT and lower costs.
News
September 18, 2023
As of Sep. 18, TotalEnergies has shipped nearly 50 tons of essential goods, comprising medical supplies, food parcels including baby food, personal hygiene kits and solar lamps.
News
September 18, 2023
The transaction establishes the combined company as a full-service geophysical data company with a strong offering in all segments, including multi-client data, streamer data acquisition, ocean bottom node (‘OBN') data acquisition, imaging and new energy data.
News
September 14, 2023
In this special interview, the firm’s Head of Energy Industries, Northern Europe, PA Division, Per-Erik Holsten, discusses two oil and gas projects that ABB has a major role in, as well as efforts in the transition/renewables space.
