Industry Trends
News
August 15, 2024
The slowdown in production outside OPEC+, particularly in the U.S., is expected to narrow the global oil market surplus in 2025, though production will still outpace demand.
News
August 15, 2024
The American Petroleum Institute (API) released a new poll conducted by Morning Consult that reveals strong support among swing state voters for policies that promote domestic oil and natural gas production, while limiting reliance on foreign energy sources.
News
July 29, 2024
European energy companies have been grappling with competing forces — the negative impact of low natural gas prices and falling refining margins due to weak fuel demand, against the positive effect of higher crude prices amid OPEC+ supply cuts. For Eni, the upside outweighed the downside.
News
July 29, 2024
Vital Energy and Northern Oil and Gas have agreed to acquire Point Energy Partners for $1.1 billion. The acquisition will increase Vital Energy’s Delaware Basin assets by 25%, bringing its total to 84,000 net acres.
News
July 26, 2024
Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year.
News
July 04, 2024
State-owned Aramco and ADNOC have been conducting preliminary evaluations of Santos as a possible acquisition target, the people said, asking not to be identified because the information is private. The Middle Eastern energy giants are investing billions of dollars in natural gas, which is seen as an important bridge fuel in the energy transition, especially in Asia.
News
May 23, 2024
“Texans can rest assured that the RRC and other state agencies won’t lift a finger to help with this nonsense, because the Texas Energy Independence Act prohibits state agencies from facilitating any effort that would undermine Texas oil and gas production," Commissioner Wayne Christian said.
News
April 15, 2024
Other significant appointments include Justin Cope, President & CEO of Flywheel Energy; Michael Hillebrand, Chairman of the Pennsylvania Independent Oil and Gas Association; and Ryan Watts, Executive Director of the Kentucky Oil and Gas Association.
News
December 21, 2023
Shell Plc has begun cutting jobs beyond previously announced reductions in its low-carbon division as CEO Wael Sawan seeks to trim costs and be more competitive with U.S. rivals, people familiar with the matter said.
News
December 21, 2023
Abu Dhabi National Oil Co. submitted an increased preliminary takeover bid for German chemical company Covestro AG and offered concessions to pave the way for the start of detailed due diligence, people with knowledge of the matter said.
News
December 21, 2023
Harbour Energy has agreed to acquire Wintershall Dea's exploration and production business, including its producing and development assets, exploration rights, and carbon capture and storage licenses in various countries, for $11.2 billion.
News
December 20, 2023
In a pivotal moment for American energy policy, National Ocean Industries Association (NOIA) President Erik Milito emphasizes the urgency of Congressional intervention following the conclusion of Gulf of Mexico Lease Sale 261.
News
December 20, 2023
(WO) —WSG Energy Services (WSG) announced the acquisition of Azoto Energy Services Ltd. (Azoto), a leading player in the engineered nitrogen pumping solutions sector in Western Canada, on Dec. 13.
News
December 15, 2023
The American Petroleum Institute (API) released a statement criticizing the Biden administration's approved five-year federal offshore leasing program, asserting it fails to meet growing U.S. energy needs and may increase reliance on foreign sources.
News
December 15, 2023
Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry.
News
December 15, 2023
Chevron Corp. CFO Pierre Breber criticized employees for failing to deliver on several key performance metrics in 2023, a year in which Chevron's shares tumbled 16%, a steeper drop than its industry peers.
News
December 15, 2023
ADNOC and OCI combined their Middle East and North Africa crop-nutrient businesses in 2019 to form Fertiglobe, a regional fertilizer producer, to challenge U.S. and Russian exporters.
News
December 11, 2023
(WO) — The Energy Workforce & Technology Council's monthly jobs report reveals a surge of 1,286 jobs in the U.S. oilfield services sector for November.
News
December 08, 2023
Neptune Energy has been awarded Gold Standard status by the United Nation’s Environmental Program (UNEP), recognizing the company’s detailed plans to reduce methane emissions to near zero by 2030.
News
December 08, 2023
The American Petroleum Institute (API) has called on the Biden administration to recognize the important role that Alaska plays in U.S. energy security and support the continued development of energy resources in the National Petroleum Reserve.
News
December 04, 2023
Texas made headlines this weekend after the State Board of Education (SBOE) rejected efforts to villainize oil and gas in textbooks used by our public schools.
