Industry Trends
News
March 11, 2022
The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic.
News
March 10, 2022
Some oil and gas dealmakers are hitting the pause button as prices whipsaw following the ban on Russian oil imports. Companies are concerned about overpaying for assets while focused on cutting debt and rewarding shareholders.
News
March 09, 2022
Amid oil prices rumbling to their highest levels in 14 years, E&P executives on the second afternoon of CERAWeek by S&P Global examined the methods they are likely to use, so their companies will excel in future years.
News
March 07, 2022
Global demand for oil was exceeding production by 1 MMbpd before the Russia-Ukraine war, setting the stage for an oil market that could continue to see significant price changes.
News
March 07, 2022
OPEC remains focused on being a reliable supplier of oil to global markets but cannot control the global events causing oil price surges, said Secretary General Mohammad Sanusi Barkindo during the CERAWeek by S&P Global conference Monday.
News
March 07, 2022
The CERAWeek by S&P Global conference started its week-long stay in Houston on Monday with a number of high-profile executive plenary sessions and “leadership dialogues.”
News
March 07, 2022
United Steelworkers International President Tom Conway said the union calls on their government and employers to cut off all Russian imports of crude oil that would be processed in our domestic refineries.
News
March 04, 2022
Global oil markets could tighten even more with Russian flows being disrupted and producers such as Libya experiencing supply problems, according to Vitol Group.
News
March 04, 2022
After taking a barrage of criticism for buying a cargo of Russian crude, Europe’s largest oil company Shell Plc says it’s navigating the market with government guidance.
News
March 04, 2022
We think it’s important to actually quantify the extent to which the U.S. is importing Russian crude and products. Politicians have referred to “Russian oil” as if all imports from that country are strictly crude oil. This is not true.
News
March 01, 2022
The company is currently progressing two carbon capture and storage developments in the Dutch and UK sectors of the North Sea that could see it store more than 9 million tons of carbon dioxide emissions per year.
News
February 28, 2022
Norway’s biggest energy company Equinor ASA joined U.K. energy giant BP Plc in starting to withdraw from Russia in response to the invasion of Ukraine.
Article
February 2022
Tensions between Russia and Ukraine, combined with surging demand, caused oil prices to increase approximately 20% this year, with WTI and Brent hitting $90.61/bbl and $96.43/bbl, respectively, in February.
News
February 25, 2022
The impact of Russia’s invasion of Ukraine rattled global markets. There will be lasting implications for commodities, energy policy and the energy transition.
Article
February 2022
Operators revised their proved reserves downward in 2020 and postponed development drilling.
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).
