News
February 02, 2023
U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.
News
February 02, 2023
(WO) — Offshore Energies UK, the trade body for the UK’s offshore energy industries and supply chain companies, said calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers — because such a levy would breach global tax agreements and so could never be implemented.
News
February 01, 2023
Enverus Intelligence Research has released its latest quarterly FundamentalEdge report focused on global drivers for oil and gas prices in 2023, the five-year oil and gas supply and demand outlook, as well as price forecasts.
News
February 01, 2023
In this role, Holly Hopkins will lead API’s efforts concerning the legislative and regulatory issues surrounding the exploration and production of oil and natural gas.
News
January 31, 2023
Western Energy Alliance and the Independent Petroleum Association of America (IPAA) submitted comments to the Bureau of Land Management (BLM) regarding the proposed rule on Waste Prevention, Production Subject to Royalties, and Resource Conservation.
News
January 26, 2023
Sommers outlined the three components of API’s policy plan unveiled during its annual State of American Energy event, during which members of Congress from both sides of the aisle voiced support for American energy leadership, including durable permitting reform to unleash energy development and an all-of-the-above approach to building a lower carbon future.
News
January 26, 2023
The tsunami of cash generated by the group over the past 12 months means the industry can sustain dividend increases and share buybacks, analysts said. Crucially for shareholders, management teams held off on spending increases as commodities boomed, in stark contrast with previous cycles.
News
January 23, 2023
API Vice President of Corporate Policy Aaron Padilla argues that the White House's recent National Environmental Policy Act (NEPA) Guidance on Consideration of Greenhouse Gas Emissions and Climate Change could harm the development of critical energy projects.
News
January 23, 2023
The Press Association has reported a speech by Rachel Reeves at the Fabian Society Conference, saying that a Labour government would extend the windfall tax on UK North Sea operators from 75% to 78%. In response, OEUK said the impact of such changes would be disastrous for the UK’s energy supplies and future energy security.
News
January 18, 2023
Harbour Energy, the North Sea's biggest oil and gas producer, has told staff it plans job cuts, linked to the windfall tax imposed on the UK sector last year. The jobs would be cut in Harbour Energy's headquarters in Aberdeen.
News
January 12, 2023
West will lead the organization’s engagement and advocacy with Congress and federal agencies. West joins API from the office of West Virginia Senator Joe Manchin, where he served as chief of staff.
News
January 12, 2023
API announced a plan for the 118th Congress to make, move and improve America’s energy. As consumers face growing energy costs, API urges policymakers to take a more realistic approach and ensure that American natural gas and oil are prioritized as long-term strategic assets.
News
January 09, 2023
By pulling state funds from investment funds that boycott fossil fuel companies at the expense of investors, Kentucky joins other states which are standing up to "woke" investment strategies.
News
January 06, 2023
The update suggests the company may avoid a repeat of what happened in the third quarter when Shell’s peers were much more successful in profiting from record gas prices in Europe.
News
January 06, 2023
The EPA has considered labeling parts of the region as violating federal air quality standards for ozone. However, the Biden administration omitted the policy from an agenda of planned regulations and instead deemed the measure “inactive."
News
January 03, 2023
LongPath is the only continuous and quantitative monitoring solution to receive approval by meeting Colorado's Regulation 7 emissions monitoring requirements for oil and gas methane leaks. They also meet the continuous-monitoring criteria outlined in the EPA's proposed supplemental methane rule standards of performance for oil and gas facilities.
News
January 02, 2023
Petrobras slumped as much as 6.9% in Sao Paulo, the main drag on the benchmark Ibovespa index, which fell 3.1% as of 11:47 a.m.
News
December 30, 2022
U.S. shale executives remain concerned about the outlook for rising costs going into 2023 as they continue to struggle with hiring and retaining workers, according to the Federal Reserve Bank of Dallas.
News
December 29, 2022
The oil and gas industry warns that the Energy Price Levy, which slaps a 35% rate on profits from North Sea producers, risks drying up investment in a sector that’s key to the country’s energy security even as it transitions away from fossil fuels to achieve climate goals.
News
December 29, 2022
World Oil was on the front lines of every breaking news story in 2022. From positive production predictions and interventions from the White House to billion-dollar profit exploration setbacks, our readers had plenty to keep them on their toes. Read more of this year's top headlines here.
News
December 28, 2022
The total acquisition consideration is $174.1 million, with a purchase price of $138 million, subject to specific adjustments, plus $36.1 million to be paid upon successful achievement of earnout milestones.
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