Industry & Analysis
News
July 05, 2024
OEUK warned many of the industry’s skilled people and investors remain deeply concerned about Labour proposals for a further windfall tax on homegrown oil and gas production and to end new oil and gas licenses in UK waters. OEUK says such measures would not create the investment conditions the UK needs to deliver the homegrown energy transition needed to kickstart economic growth.
News
July 04, 2024
U.S. LNG exports yield significant economic advantages by bolstering natural gas production, thereby enhancing labor income within the sector and driving down the costs of imported goods while bolstering the value of the dollar, consequently stimulating heightened economic activity, according to the Center for LNG.
News
July 04, 2024
SLB announced that, as expected, it and ChampionX have each received a request for additional information (second request) from the United States Department of Justice (DoJ) in connection with the DoJ’s review of SLB’s planned acquisition of ChampionX.
News
July 03, 2024
Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a report that assesses global energy transition strategies and examining how political and economic policies support advancements.
Article
June 2024
Addressing hydrogen hurdles to unlock net zero potential
Article
June 2024
Update on the ASEAN offshore E&P threat picture: Temperature rising
Article
June 2024
While the natural gas market faces challenges like oversupply and political barriers to exporting, the upstream sector presents unique investment opportunities by taking a fresh perspective that considers evolving global +demand, regional dynamics, ESG factors, and unlocking value through strategic adaptation and informed decision-making.
News
July 02, 2024
The Railroad Commission of Texas (RCC) has launched State Tracking and Reporting (LoneSTAR), a project that further improves efficiencies at the agency to save time and resources for oil and gas operators as well as RRC staff.
News
July 02, 2024
U.S. District Judge James D. Cain Jr. in Louisiana issued a preliminary injunction Monday in a lawsuit filed by 16 states, which argued Biden violated federal law by halting licenses in January to assess impact of shipments on climate change.
News
July 01, 2024
The sales would be part of a broader strategy of disposing of €8 billion in assets over the next three years. Units that could be candidates for the asset sale plan include some operations in Indonesia and Cyprus, said the people, asking not to be named discussing confidential deliberations.
News
June 30, 2024
The American Petroleum Institute (API) released a statement from API Senior Vice President and General Counsel Ryan Meyers on the Supreme Court’s decision to overturn the 1984 Chevron precedent.
News
June 29, 2024
The probe is being led by Budget Committee Chairman Sheldon Whitehouse, a known industry foe. He has requested documents from 18 oil companies — including Exxon Mobil Corp., BP PLC, and Chevron Corp. — on so-called allegations that evidence suggests the oil and gas industry may be trying to depress production.
News
June 28, 2024
The 6-3 decision, which came in a fight over a fishing-industry regulation, is a long-sought triumph for opponents of big government. The court overturned Chevron v. Natural Resources Defense Council, a 1984 ruling that Democratic administrations had used as a legal building block for new regulations.
News
June 27, 2024
The American Petroleum Institute (API) released a statement from API Senior Vice President and General Counsel Ryan Meyers applauding the U.S. Supreme Court’s decision to stay the U.S. Environmental Protection Agency’s (EPA) ‘Good Neighbor Rule,’ ensuring the oil and gas industry can continue to provide affordable, reliable energy to American consumers at a time of persistent inflation and geopolitical uncertainty:
News
June 27, 2024
SM Energy Co. and Northern Oil and Gas Inc., two U.S. shale drillers, agreed to acquire assets in Utah’s Uinta basin for about $2.6 billion in cash, the latest in a string of oil and gas acquisitions as operators look to scale up.
News
June 26, 2024
More than 50% of oil executives told the Dallas Fed they foresee lower domestic crude production if the consolidation trend continues for five years, according to second-quarter survey results released Wednesday.
News
June 26, 2024
API supports technology-neutral policies at the federal level that drive greenhouse gas (GHG) emissions reductions in the transportation sector, taking a holistic “all-of-the-above” approach to fuels, vehicles, and infrastructure systems. Unfortunately, NHTSA’s final CAFE rule misses the mark.
News
June 25, 2024
Following recent reports that the Biden Administration’s federal moratorium on new liquified natural gas (LNG) export plants is prohibiting Ukraine from purchasing American LNG, Railroad Commissioner Wayne Christian slammed the administration’s policy and called on the president to rescind the ban.
News
June 25, 2024
Summit Carbon Solutions has received the green light from Iowa regulators to construct the Midwest Carbon Express, a 688-mile pipeline spanning 29 counties.
News
June 25, 2024
Despite unprecedented energy challenges, 68% of oil and gas industry leaders express optimism for sector growth in the coming year. This confidence, revealed in a survey by DNV, underscores the sector's resilience as it balances immediate demands with long-term environmental responsibilities.
