News
June 09, 2023
The UK Government has announced that the windfall tax will remain in place until March 2028, introducing a mechanism which means if oil and gas prices fall, the tax rate for oil and gas companies will return to 40%.
News
June 08, 2023
“Hijacking the railway safety reform bill is just the latest example of Washington Democrats and radical environmentalists utilizing every tool possible to put an end to fossil fuels and push their expensive and impractical ‘green’ agenda,” said Commissioner Wayne Christian.
News
June 08, 2023
The two leaders “gave high praise to the level of cooperation within the OPEC+ that allows to make timely and effective steps to maintain the balance of oil supply and demand,” according to a statement late Wednesday.
News
June 07, 2023
European buyers are signing more gas-delivery contracts of a decade or more in duration as they seek replacement sources of the heating and power-plant fuel formerly supplied by Russia, said Colin Parfitt, Chevron’s Vice President of Midstream.
News
June 06, 2023
During the 35th OPEC and non-OPEC Ministerial Meeting, members reached a consensus on production levels, under the leadership of OPEC President, H.E. Antonio Oburu Ondo, Equatorial Guinea’s Minister of Mines and Hydrocarbons
News
June 06, 2023
Russia restricted oil production data last year due to its “sensitive” nature, making it difficult to assess the country’s compliance with its pledged output cuts beyond official statements
News
June 05, 2023
The Labour proposals to ban all new North Sea oil and gas licenses are “naive” and would create a “cliff edge” for the industry that will hit jobs, GMB union General Secretary Gary Smith told Sky News on Sunday.
News
June 05, 2023
Global oil demand is forecast to hit a record high this year, but the additional cuts announced on Sunday will bring Saudi production to about 9 MMbpd in July, the lowest since June 2021 when output was still recovering from the depths of the Covid-19 pandemic. 
News
June 02, 2023
Employment in the U.S. oil field services and equipment sector increased by 4,385 jobs to its highest level since March of 2020 to reach 665,213 in May, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to April numbers and analysis by the Energy Workforce & Technology Council (Energy Workforce).
News
June 02, 2023
The group’s existing cuts should be sufficient to tighten oil markets in the second half of the year assuming there’s no recession, but to push prices higher “the alliance — or at least some members — would likely need to cut more,” JPMorgan said.
News
June 02, 2023
PureWest Energy, LLC is a private energy company focused on developing its long-life natural gas reserves in Wyoming’s Green River basin, where the company controls more than 111,000 net acres in and around the prolific Pinedale and Jonah fields.
News
May 31, 2023
The second day of the Energy NL Annual Conference & Exhibition 2023 examined the market potential for Newfoundland and Labrador’s lower carbon energy and opportunities for Energy NL members to engage in the broader energy market.
News
May 31, 2023
The Energy NL Annual Conference & Exhibition 2023 began on an exceptional note with an address by the Honorable Andrew Parsons, Minister of Industry, Energy & Technology, who offered the continuing support of the Government of Newfoundland and Labrador for the provincial energy sector.
News
May 31, 2023
The agreements have enabled $774 million to flow back into the UAE economy through industrial investments by suppliers in expanding or establishing new facilities.
News
May 30, 2023
Andy McDowell, formerly Senior Vice President of Media and an employee of the company since 2005, will become President. In the President role, McDowell will be responsible for day-to-day operations of the company.
News
May 30, 2023
“Energy Workforce & Technology Council applauds the bi-partisan agreement to lift the debt ceiling, which includes important reforms to the National Environmental Policy Act to help speed up projects and includes an agreement to finish the Mountain Valley Pipeline," said Tim Tarpley, Energy Workforce & Technology Council President.
News
May 30, 2023
There has never been a more critical or exciting moment to advocate for strong and smart policies that ensure U.S. energy leadership now and long into the future, and I’m thrilled to take on this new challenge,” said Dustin Meyer. 
Article
May 2023
Hydrocarbons deliver energy security
Article
May 2023
Crude prices surged in April after OPEC+ announced it was slashing output by 1.16 MMbopd as a precautionary measure targeted at stabilizing oil markets.
News
May 29, 2023
Featuring over 30 speakers, 57 exhibiting companies, a demonstration stage, and a tech market, the Energy NL Conference & Exhibition 2023 is the focal point of the energy sector this week.
News
May 29, 2023
Republicans scored a win by imposing a one-year limit on environmental assessments and two years on environmental impact statements. However, extensions of those deadlines, “in consultation with the applicant,” are allowed, according to text of the legislation.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.