News
February 06, 2025
ADNOC Gas has announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO. The robust improvement was driven by several factors including a richer mix of gas, producing more liquids, and improved commercial terms in the domestic market.
News
February 03, 2025
HOUSTON (WO) – On Friday, Jan. 31, 2025, World Oil hosted its 57th annual Forecast Breakfast at the Norris Conference Center in Houston, Texas. Approximately 360 industry professionals gathered to hear timely insights on the upstream industry, and what’s expected for global drilling in 2025.
News
February 05, 2025
The American Petroleum Institute (API) has released its ‘2025 API Standards International Usage Report’, detailing the growing international influence of API standards, and highlighting its paramount role in advancing safety, sustainability, and efficiency across the global oil and gas industry.
News
February 05, 2025
The National Ocean Industries Association expressed its strong support for the series of Secretarial Orders signed by U.S. Secretary Doug Burgum to unleash America's energy potential. "American energy leadership is back," said President Erik Milito.
News
February 05, 2025
"We could not be more proud of Leslie's appointment as Assistant Secretary of Land and Minerals Management. Her unwavering commitment to the energy sector and her innate ability to bring stakeholders together will serve the Department of the Interior well," the EWTC stated.
News
February 04, 2025
"IPAA has always opposed the methane tax and believe it is a tax designed to hamper American oil and gas production. We encourage Congress to work with the Trump Administration to eliminate it as soon as possible," IPAA CEO Jeff Eshelman stated.
News
February 04, 2025
The American Petroleum Institute (API) and Energy Workforce & Technology Council (EWTC) have both issued statements of support following the U.S. Senate’s confirmation of Chris Wright to lead the U.S. Department of Energy.
Article
January 2025
As this is being written, the new administration of President Donald J. Trump has been in office roughly a week. And to say that his start has been at a record-setting pace with unmatched action for a first week would be an understatement.  
News
February 03, 2025
(Bloomberg) – OPEC+ declined to alter its existing oil-production plans at a review meeting on Monday, even as President Trump called for lower crude prices. A panel of key members maintained plans to keep a lid on crude supplies for Q1 2025, according to statements.
News
January 31, 2025
(Bloomberg) – Oil prices went up this week after President Trump announced the U.S. would impose tariffs on a wide range of imports, including oil and gas. The decision could impact flows across North America's tightly integrated market.
News
January 31, 2025
(Bloomberg) – Tullow Oil Plc said it will consider selling non-core assets while it plans to repay bonds maturing soon with a mix of cash and available credit lines. Tullow borrowed billions of dollars during its free-spending days searching for new oil basins.
News
January 29, 2025
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement of support on the Senate’s confirmation of former Congressman Lee Zeldin to lead the U.S. Environmental Protection Agency.
News
January 29, 2025
(Bloomberg) – Oil edged lower as traders weighed the possible fallout from President Trump’s planned tariffs on major U.S. crude supplier Canada and other countries. The market was also watching reports OPEC will evaluate potential changes to America’s energy policy.
News
January 29, 2025
Enverus Intelligence® Research (EIR) has published its summary of Q4 and full-year 2024 upstream M&A activity, reporting $105 billion in U.S. upstream deals closed in 2024, the third highest total tracked by Enverus analysts.
News
January 24, 2025
(Bloomberg) – New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said.
News
January 24, 2025
(Bloomberg) – President Donald Trump’s Environmental Protection Agency is considering rescinding California’s permission to tackle climate change through stringent automobile pollution limits, the administration said in a U.S. Supreme Court filing.
News
January 23, 2025
VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada.
News
January 22, 2025
(Bloomberg) – U.S. President Donald Trump’s pledge to unlock more of that country’s vast stores of energy will likely lower Kenya’s consumer price growth, according to the chief of the African nation’s central bank.
News
January 21, 2025
Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit.
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