Industry & Analysis
Article
September 2023
OPEC’s 1-MMbopd production cut, coupled with increased global demand, pushed crude prices to a nine-month high in September. Yet, U.S. operators have shown restraint, and according to World Oil’s mid-year forecast, this trend will continue, as activity is projected to decline slightly during second-half 2023.
Article
September 2023
Caution leads the way as Canada’s oil industry seeks to find the balance between burgeoning global needs for its ethically and sustainably produced energy and increasingly punitive policies from Ottawa that threaten industry’s ability to meet demand.
News
October 02, 2023
The oil industry is part of the energy transition and its voice should be heard at COP28, executives including Halliburton Co. CEO Jeff Miller, Liam Mallon of ExxonMobil and Gordon Birrell of bp, said in a panel discussion.
Article
September 2023
The growing decarbonization movement
News
September 29, 2023
The legislation guarantees access to oil and gas resources both on and offshore and ensures that the rights to domestic resource development are kept from being interrupted or administratively slowed down.
News
September 29, 2023
Five awards were presented to individuals and companies that have made exemplary contributions to the Newfoundland and Labrador energy industry.
News
September 28, 2023
With the majority of the world’s marine newbuild business located in China, and over 50% of Chinese shipyards located in a 200 km radius around Zhangjiagang, antifouling coatings are in high demand.
News
September 28, 2023
Traders are underestimating “that the Saudis will take their foot off the break sooner,” Bob McNally, the consultant’s president and a former White House official, told Bloomberg television on Thursday.
News
September 27, 2023
In addition to expressing concerns regarding costs, executives continued to criticize President Joe Biden for his energy policy that many see as intended to run them out of business.
News
September 27, 2023
The fundamental reason for this decline is the lack of investment in new fields caused by the UK government’s new windfall taxes, which are now so high there is no cash left for new oil and natural gas production.
Article
September 2023
OPEC+ continued to reduce oil supply during a period of record demand, which was sparked by an increase in Chinese consumption and an uptick in petrochemical feedstock requirements.
Article
September 2023
To accelerate net-zero opportunities at pace, E&P companies need to be ESG leaders. To be successful, the industry needs fit-for-purpose policy and voluntary reporting frameworks that maximise giving confidence to the market and stakeholders without a sectorial bias.
News
September 26, 2023
CEO Vicki Hollub said she hadn’t seen evidence of demand destruction yet. Even if oil prices do top $100 a barrel, she doesn’t expect them to stay there long enough to start eroding demand.
News
September 26, 2023
Energy policy needs to balance environmental concerns with affordability and reliability, and remain stable, Chevron CEO Mike Wirth said.
News
September 26, 2023
Shale executives issued calls for the Biden administration to adopt consistent policies that will allow them to drill more. Failure to do so, they warned, will lead to tighter energy supplies and higher prices.
News
September 26, 2023
The three-judge panel ordered the auction take place no later than Nov. 8 but otherwise left in place a lower court order forcing the Interior Department to sell more territory for potential oil development.
Article
September 2023
The extension of the operational lives of deepwater SCRs offers significant benefits in terms of increased production, cost-effectiveness and alignment with ESG principles.
News
September 25, 2023
The Permian Strategic Partnership welcomed its 25th member, Liberty Energy, a North American oil field services firm that offers suites of completion services and technologies to onshore oil and natural gas exploration and production companies.
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.
