Industry Trends
Article
February 2022
The abundant supply of natural gas in the U.S is starting to pay dividends, in spades. The U.S. became the world’s number-one exporter of liquefied natural gas for the first time ever in December.
Article
February 2022
Opponents of the European Commission's move to label nuclear energy and natural gas as “green" have accused them of "greenwashing." Let’s dig into the importance of this move and why this is a battle we can’t lose.
Article
February 2022
Digital transformation can help combat climate change impact on oil and gas facilities and workers, but the industry has been slow to adapt. In a tech-based future, companies need to invest in digital options like WiFi boosting, drone technology, and remote inspections.
News
February 25, 2022
Exxon Mobil Corp. reached a final investment decision on expanding a carbon capture facility at LaBarge in Wyoming with the $400 million project expected to start up by 2025.
Article
February 2022
The year 2021 witnessed unprecedented development in the energy markets. Such events were contrary to conventional wisdom and have ramifications for the oil markets, for years to come.
Article
February 2022
While last year Covid seemed to be withering away, this year Covid is still around but definitely on the decline. Spot prices are high enough for everyone to make a profit, and then some, averaging lately in the high $80s to low $90s (perhaps too high).
News
February 24, 2022
Currently, only 16% of all oil and gas organizations make non-sensitive IoT data available to anyone in their organization, and to their partners, to access and to use. A more strategic, open approach to gathering and sharing non-sensitive data could unlock substantial benefits for businesses struggling to make the most of IoT projects.
Article
February 2022
Research shows that a pledge to limit rising temperatures and combat climate change can also positively affect recruitment efforts, especially among women in the workforce.
News
February 22, 2022
After watching big banks curtail lending and asset managers pare bets, fossil fuel producers are now losing access to some of Wall Street’s deepest pockets.
News
February 21, 2022
Oil prices could be set for a “prolonged period” above $100 a barrel over the next six to nine months, with the world setting fresh demand records this year, said Vitol Group Chief Executive Officer Russell Hardy.
News
February 18, 2022
Oil posted its first weekly loss in two months as traders weighed heightened geopolitical tensions over Ukraine against the potential for Iranian barrels to be added to the market.
News
February 18, 2022
The timing couldn’t be worse for consumers, but the message from shale country is loud and clear: the independents won’t repeat the mistakes of the past by flooding the world with cheap oil.
News
February 17, 2022
BlackRock Inc., one of the leading advocates of sustainable investing, is on a mission to persuade Texas that it’s a strong backer of the oil and gas industry.
News
February 17, 2022
Marathon Oil Corp. said oil and natural gas production won’t increase this year as it concentrates on pouring cash into dividends and share buybacks.
Article
February 2022
Worldwide E&P spending is set to increase 16% in 2022, extending the 5.5% growth experienced in 2021. The first coordinated global upturn since 2018 will be led by North America, but ambitious capacity growth targets in the Middle East, Latin America and Africa will drive international capex gains.
Article
February 2022
A major artic blast came with the new year across the Eastern United States, leading to a spike in natural gas prices on top of already multi-year highs in a volatile market. For now, most producers in the Marcellus and Utica shales across the Pennsylvania, West Virginia and Ohio fairway are refraining from exponential drilling and production growth.
News
February 16, 2022
Increasing energy demand and a surge in North Sea exploration activity has increased the appetite for OCTG in the North Sea market, particularly in Norway, after a slowdown during the pandemic.
News
February 16, 2022
A total of 74 billion-dollar deals were undertaken in the oil and gas industry last year, compared to only 40 in 2020, says GlobalData.
News
February 14, 2022
OPEC is focused on keeping the oil market well-supplied, even as the group continues to grapple with underinvestment, according to its top official.
News
February 14, 2022
Oil importers are racing to assess the risk of purchasing Russian supplies as tensions over Ukraine enter a potentially decisive week.
News
February 11, 2022
Baker Hughes rig count released Friday shows the United States has added 22 rigs since last week, bringing its total count to 635. Compared to a record low of 244 in August 2020, the rig count is up 160%.
