Industry & Analysis
News
April 07, 2024
Brent crude rallied more than 2% to climb above $90 a barrel on Thursday after Israeli Prime Minister Benjamin Netanyahu vowed to retaliate to any attack from Iran, despite the United States urging Israel to protect civilians.
News
April 05, 2024
Chesapeake Energy Corp.’s $7.4 billion takeover of Southwestern Energy Co. has been delayed until the second half of the year after antitrust regulators demanded more details from the natural gas operators.
News
April 04, 2024
Elected officials and trade groups representing businesses across the supply chain are sounding the alarm over the Biden administration’s new emissions standards for heavy-duty trucks which could threaten the speed and cost of goods moving throughout the country.
News
April 04, 2024
Prates’ potential departure after more than a year in the role underscores how Petrobras struggles to meet conflicting expectations from the government and minority shareholders.
News
April 04, 2024
A panel of key members led by Saudi Arabia recommended no policy changes at an online review meeting on Wednesday, according to a statement posted on the group’s website. That means roughly 2 MMbpd of production curbs will remain in place until the end of June.
News
April 04, 2024
Senegal will review agreements signed with oil and gas and other resources companies to ensure they’re optimized for the state to benefit, newly elected President Bassirou Diomaye Faye said.
News
February 01, 2024
Since its initial release nearly 40 years ago, API Specification Q1 has undergone numerous revisions, adapting to the evolving demands for safety and excellence in the natural gas and oil industry.
News
April 03, 2024
Helms joined the Houston executive management team in 2012 as Executive Vice President, Exploration and Production, managing EOG's operations across several divisions along with the company's Engineering and Acquisitions and Business Development functions.
News
April 03, 2024
The Energy Department said it was “keeping the taxpayer’s interest at the forefront” in its decision not to purchase as many as 3 MMbbl of oil for a Strategic Petroleum Reserve site in Louisiana.
News
April 02, 2024
Lawyers for Shell said on the first day of the appeal in The Hague that a 2021 ruling ordering the oil and gas giant to slash its greenhouse gases faster had no legal basis, would be ineffective and counterproductive and could have disastrous consequences for the Netherlands.
News
April 02, 2024
The acquisition will help SLB expand its artificial lift technology, which helps keep output from older wells flowing. SLB has the biggest market share in artificial lift with 21%, and ChampionX will add to that with its 5% of the market, according to Evercore ISI, citing data from industry consultant Spears & Associates.
News
April 01, 2024
In 2024, ADNOC Gas will continue enhancing operational efficiency and driving accelerated growth with a focus on decarbonization, digital transformation, and artificial intelligence (AI)-led technology innovation.
News
March 31, 2024
American Petroleum Institute (API) President and CEO Mike Sommers and American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued a statement on EPA’s newly finalized heavy-duty vehicle standards covering model years 2027 through 2032:
News
March 31, 2024
India — the third-largest crude importer and Moscow’s second largest buyer after China — is the latest market seeing an influx of U.S. oil. American shipments to India are set to jump in March to the highest in nearly a year, according to data from crude tracking firm Kpler.
News
March 28, 2024
Market sentiment still lacks the exuberance of early 2023, when traders widely proclaimed the return of $100 oil, but Wall Street banks like Morgan Stanley and trading giants such as Trafigura Group are predicting further price gains.
News
March 28, 2024
The announcement Thursday brings the total amount of oil the U.S. has purchased for the inventories since last year to 32.3 MMbbl. The Energy Department has paid an average price of under $77 per bbl, below the average price of $95 it sold for in 2022, the agency said in a statement.
News
March 28, 2024
The Houston-based company said in a letter to shareholders Thursday that Kimmeridge’s unsolicited offer to combine its Texas gas assets with SilverBow in exchange for 32.4 million shares priced at $34 each significantly undervalues the company.
News
March 28, 2024
The West African country is set to open the taps this year on the $4.8 billion Grand Tortue Ahmeyim liquefied natural gas (LNG) project and Sangomar oil development after numerous delays, setting it up to become one of the world’s fastest-growing economies.
News
March 28, 2024
Libya holds Africa’s largest crude reserves, but over a decade of political strife has taken its toll. Production that reached almost 1.8 MMbpd in 2008 slumped to some 100,000 bpd following the killing of Moammar Al Qaddafi in 2011’s civil war. Volatile ever since, it’s currently at about 1.2 MMbpd.
News
March 27, 2024
In comments submitted to the Environmental Protection Agency on the “waste emissions charge” proposed rulemaking, the associations argued that EPA’s proposed rule creates an incoherent regulatory regime, fails to meet the statutory requirements outlined by the Inflation Reduction Act and disincentivizes emissions reduction efforts by the industry.
News
March 27, 2024
Acquiring the assets, which include recently purchased fields from Neptune Energy Group, would boost Ithaca’s North Sea production at a time when larger players are withdrawing from the aging basin.
