North America ///

Energy Workforce finds gains in sector’s minority, women employment gains, encourages continuation

Research shows companies with a higher percentage of women in executive positions have a 34% higher total return to shareholders than those that do not and companies with ethnic diversity on their executive team are 25% more likely to have above average profitability and 27% likelihood of outperforming peers in value creation.

API tells President Biden to prioritize unlocking U.S. energy resources

The American Petroleum Institute released a statement from President and CEO Mike Sommers in response to a letter President Biden sent to oil refineries, with API saying shifting away from domestic oil and natural gas is a misguided policy.

DOE launches $8 billion program for clean hydrogen hubs across US

The U.S. Department of Energy (DOE) filed a notice of intent to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs – H2Hubs – across America, the DOE said in a press release on Monday.

Europe surpasses Asia as leading destination for US LNG exports

The U.S. has sent nearly three quarters of all its LNG to Europe in the first four months of 2022, with daily shipments to the region more than tripling from last year’s average, the U.S. Energy Information Administration said Tuesday.

Business groups urge Biden administration to support domestic energy production, offshore leasing program

The American Petroleum Institute, joined with more than 80 trade groups representing a diverse cross section of industries, have called on the Biden administration to act on policies that support U.S. energy security and increase domestic production of natural gas and oil.

Oil gains near $120 as Saudi price boost shows demand confidence

Oil climbed after Saudi Arabia signaled confidence in demand with a bigger-than-expected price increase of its crude for Asia.

API: FERC policy changes would cause uncertainty and hamper LNG export, reliability goals

The American Petroleum Institute filed reply comments to FERC continuing to express concerns that the commission’s two revised policy statements would chill investment in critical natural gas infrastructure.

What’s new in exploration: Oil is still a good word

William (Bill) Head

Exploration has been occurring ever since the first family of upright humans asked “what’s over there,” deciding to move to greener ground.

Politicians can’t fix energy problems, but they can darn sure create them

David Blackmon

The year 2022 in Washington, D.C., is no different, where energy is concerned, than any other year, as politicians create new problems on top of old ones.

The last barrel: U.S. industry adapts to new normal

Craig Fleming

Despite WTI surging to an 11-year high of $108.50/bbl in March, U.S. shale operators resisted ramping-up drilling activity and remained disciplined with capital expenditures.

Three U.S. shale producers are raising output as Biden looks to tame oil prices

Continental Resources Inc., Hess Corp. and Matador Resources Co. signaled plans to raise production from U.S. shale basins, a potential harbinger of things to come as Big Oil prepares to report results later this week.

Executive viewpoint: Texas oil and gas can save Europe—again

Wayne Christian

The EU should be buying LNG from friendly countries like America, Australia, and other Western democracies to meet their firm generation needs. It’s dependable, affordable, and cleaner than coal.

Liberty Oilfield posts best sales in years on fracing boom

Liberty Oilfield Services Inc. posted its best quarterly sales since going public more than four years ago as the global energy crisis spurs a boom in demand for fracing.

Shell's 13-year journey from discovery to first oil shows why U.S. output remains flat

The difference in business models of shale wells and offshore projects explains why it’s so difficult for oil giants such as Shell to quickly ramp up production when geopolitical disruptions like Russia’s war in Ukraine upend markets.

World Oil 2022 Forecast - Downloadable Summary

World Oil has analyzed data to create 2022 drilling forecasts for the U.S., offshore and international.

World Oil editorial: Biden’s latest energy move confuses the public even more

Staff

For the second time in a week, U.S. President Joe Biden managed to confuse the American public, taking advantage of the average person-on-the-street’s lack of knowledge about the global oil market.

What’s new in exploration: What went wrong is too normal

William (Bill) Head

Bill Head says he was wrong. The Gulf of Mexico is not the last legal place to explore. West Africa is.

World Oil editorial: Biden’s latest energy move confuses the public even more

Staff

For the second time in a week, U.S. President Joe Biden has managed to confuse the American public, taking advantage of the average person-on-the-street’s lack of knowledge about the global oil market. This is what Biden does, again and again: The three D’s---Deflect, distract and distort.

API awards Gary Heminger its Gold Medal Award for Distinguished Achievement

The American Petroleum Institute has awarded its Gold Medal for Distinguished Achievement – its highest honor and leadership recognition – to Gary R. Heminger, former chairman and CEO of Marathon Petroleum Corporation.

World Oil 2022 Drilling Forecast Articles

Staff

World Oil has analyzed data to create 2022 drilling forecasts for the U.S., offshore and international.

Biden administration says oil leasing to resume on federal land

The Biden administration said it would resume plans for oil and gas drilling on federal lands after a federal appeals court granted a White House request to allow the administration to use a revamped metric for calculating the potential cost to society of greenhouse gas emissions.

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