Industry Trends
News
October 10, 2024
Woodside has finalized the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG development for approximately $900 million in cash, or $1.00 per share, with an implied enterprise value of $1.2 billion.
News
October 09, 2024
ADNOC Gas is using advanced 3D printing technology to manufacture critical replacement components, aiming to save $50 million by 2028. The company has created one of the largest digital libraries in the energy industry, storing over 3,500 scanned components that can be printed on demand.
News
October 08, 2024
Gran Tierra Energy Inc. has announced that the shareholders of i3 Energy plc, a public limited company organized under the laws of England and Wales, have approved Gran Tierra’s previously announced acquisition of i3 Energy.
News
October 07, 2024
Mike Sommers, president and CEO of the American Petroleum Institute (API), addressed the New Mexico Oil and Gas Association in Santa Fe today, emphasizing the critical role of U.S. energy security amid rising global tensions.
News
October 07, 2024
More consolidation in the U.S. shale sector is needed to cope with soaring costs to identify and exploit untapped oil reserves, according to Kimmeridge Energy Management Co.
Article
September 2024
Oil prices dipped in August—true to previous predictions by the EIA—and compiled futures prices are expected to continue to drop into September.
News
October 06, 2024
Exxon said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period.
News
September 30, 2024
Today, the Energy Workforce & Technology Council (EWTC) announced the release of the 2024 Workforce Report developed in collaboration with Accenture. The report provides a detailed analysis of the current state of employment within the energy services sector, focusing on job growth, workforce composition, and granular insights into diversity metrics.
News
September 09, 2024
The group led by Saudi Arabia and Russia delayed easing supply curbs last week, but now needs to pick which way it wants to go ahead of next year, given outlook for balances was “not great”, said Ben Luckock, global head of oil at Trafigura.
News
August 16, 2024
Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade.
News
August 15, 2024
Mach Natural Resources LP has announced its second-quarter results, showcasing solid upstream performance while adjusting its 2024 operational plans. The company also divested a portion of its Western Anadarko acreage for $38 million.
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.
