Industry & Analysis
News
October 24, 2024
(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields.
News
October 23, 2024
This is the second in a three-part series exploring the American Petroleum Institute’s (API's) standards development process. World Oil recently spoke with Paula Watkins, API Senior Director of Standards Development, to gain insights into the intricacies of that process, the role of collaboration, and the challenges along the way.
News
October 22, 2024
(WO) — Oil prices persevered as traders tracked tensions between Israel and Iran, with strikes continuing amid U.S. efforts to facilitate a cease-fire agreement.
News
October 21, 2024
(WO) — The American Petroleum Institute (API) issued a statement supporting a federal court's decision that will avoid significant consequences for American energy security and allow new and existing oil and gas operations to continue.
News
October 21, 2024
(WO) – Oman’s state energy company OQ SAOC is set to kick off the initial public offering of its methanol and liquefied petroleum gas (LPG) unit as soon as the end of this month.
News
October 21, 2024
Nigeria approved Exxon Mobil Corp.’s sale of its onshore oil and gas assets to domestic energy supplier Seplat Energy Plc, but rejected a similar deal by Shell Plc.
News
October 20, 2024
Argentina energy producer Pampa Energia SA will soon decide whether to partner on a multibillion-dollar LNG plant as President Milei’s deregulation tactics accelerate development of the world’s second-biggest shale gas deposit.
News
October 20, 2024
Hilcorp Energy Co., the privately held oil producer run by billionaire Jeff Hildebrand, will pay a $9.4 million civil penalty for failing to reduce emissions of methane and volatile gases in New Mexico.
News
October 18, 2024
An oil terminal Iran built to bypass the vital Strait of Hormuz appears to have partially filled with crude — offering Tehran a means to get a little of its oil into the world without using the waterway.
News
October 17, 2024
In response to rising tensions in the Middle East, Rystad Energy is sharing analysis from its local team on the potential implications for the region‘s upstream sector and the global oil and gas market.
News
October 17, 2024
The American Petroleum Institute is challenging EPA's emissions standards for heavy-duty (HD) vehicles. These restrictive mandates are opposed by most voters in battleground states, API has found.
News
October 17, 2024
The Railroad Commission of Texas (RRC) has imposed more than $1 million in fines on operators and businesses within the state’s oil and gas industry.
News
October 17, 2024
Oman’s state energy company raised $2 billion from the initial public offering of its exploration and production business, marking the sultanate’s biggest listing on record.
News
October 17, 2024
Peru’s government can’t find board members to lead its struggling state-owned oil company more than five weeks after its last board resigned.
News
October 16, 2024
Enverus industry analysts have released a summary of 3Q24 upstream M&A activity, with the pace of deals significantly slowing in the third quarter of 2024 to just $12 billion in announced deals.
News
October 16, 2024
Iran suffered an oil leak just a few miles from Kharg Island, its top export terminal in the Persian Gulf, according to a local news source and shipping official.
News
October 15, 2024
Enverus Intelligence Research gives an in-depth analysis of challenges and opportunities in hydrocarbon supply amid commodity price volatility
News
October 15, 2024
Oil prices dropped and concerns over supply chain disruption were eased Tuesday after a report that Israel may avoid targeting Iran’s crude infrastructure. Traders’ focus is now turned back to the International Energy Agency’s expectations of a surplus early next year.
News
October 14, 2024
OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use.
News
October 13, 2024
At least one investor is making a big bet that CNX Resources Corp. will keep climbing even as the natural gas producer’s stock reached a 10-year high this week.
News
October 11, 2024
The U.S. Export-Import Bank authorized a $690 million loan to help build a petrochemical plant in Malaysia, despite objections from climate activists.
