Industry Trends
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.
News
December 03, 2023
While managing supply chain risks has always been a recurring boardroom concern, it took a global pandemic to underscore exactly what’s at stake when disruptions occur. As a result, the pandemic’s profound impact on supply chains has elevated the importance of globally recognized standards —particularly in the energy sector, where supply chain vulnerabilities have far-reaching consequences.
News
December 03, 2023
(WO) — Weatherford International Plc hosted its 19th annual FWRD Digital Conference on Nov. 7, convening figures from across the energy sector, technology partners, and technical experts from Weatherford.
News
December 04, 2023
(WO) — In an era when Africa needs oil and gas investments more than ever, attracting those investments has become increasingly difficult. Part of the challenge lies in the mounting pressure on oil companies to shift their focus from exploration and production to investments in renewable energy in response to global emissions-reduction goals.
News
December 04, 2023
(WO) — A recent meta-study from X-Academy anticipates a surge of 73,000 jobs in the UK energy sector by 2030, contingent upon collaborative efforts between governments and industries to expedite the energy transition.
News
November 21, 2023
(WO) — TechnipFMC has announced an agreement to sell the company’s Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary adjustments at the closing of the transaction.
News
November 20, 2023
Brazil’s state-controlled oil giant Petroleo Brasileiro SA will continue with its current price policy, making adjustments only when technical guidelines suggest the need for them.
News
November 15, 2023
(WO) — The Energy Workforce and Technology Council issued a statement in response to the Fifth National Climate Assessment, emphasizing the industry's commitment to efficient energy production.
News
November 15, 2023
(WO) — The American Petroleum Institute (API) welcomed the U.S. Court of Appeals decision for the Fifth Circuit to lift unjustified restrictions on oil and natural gas vessels, as stated by Senior Vice President and General Counsel Ryan Meyers.
News
November 10, 2023
The OPEC+ leader is likely to extend its 1 MMbpd production cut — introduced over the summer — into next year, according to analysts at UBS Group AG, FGE, Commerzbank AG and Eurasia Group. RBC Capital Markets says it looks increasingly likely.
News
November 03, 2023
On Nov. 1-2, Gulf Energy Information held its 19th annual Women’s Global Leadership Conference in Energy (WGLC). The event brought women from around the globe to discuss the unique female experience in an industry that has historically been dominated by men.
News
October 12, 2023
Job cuts will be “fairly minimal,” CEO Darren Woods said just hours after announcing Exxon’s biggest acquisition in more than two decades. “We’re really focused on making sure we are leveraging the capability of Pioneer and their people.”
News
October 09, 2023
Oil surged more than 4% after Hamas’ surprise attacks on Israel over the weekend threatened to inflame tensions in the Middle East, home to almost a third of global supply.
News
September 11, 2023
State-owned Nile Petroleum Corp. “is still a small entity” and requires funding to reach the capability of companies such as China National Petroleum Corp. and Petroliam Nasional Bhd., from which it had planned to take over licenses as it expands operations, South Sudan’s National Economic Conference said in a summary of recommendations.
