Industry & Analysis

DeSantis will promise to roll back President Joe Biden’s green policies, many of which are embedded in the Inflation Reduction Act, the people familiar said.

The Environmental Partnership released its fifth annual report demonstrating the U.S. oil and natural gas industry’s actions in reducing methane emissions, improving detection methods and sharing best practices across the industry.

Staff started a program of escalated action Thursday after beginning partial strikes on Sept. 8, and will ratchet up stoppages over the “coming days and weeks,” the Offshore Alliance, a group representing two major labor unions, said in a Facebook post.

Cutting out fossil fuels “would lead to energy chaos on a potentially unprecedented scale, with dire consequences for economies and billions of people across the world,” Secretary-General Haitham Al-Ghais said Thursday in a statement.

SecureWell is the first industry training to teach proper selection, installation and use of primary barriers when working in a live hydrocarbon environment.

At Offshore Europe last week, much was said about traditional oil-and-gas-related firms expanding or transitioning into equipment and services for renewable energies, including offshore wind, CCS and hydrogen.

The oil and gas producer has typically molded CEOs over decades-long careers within the company. But with Looney becoming the third of the last four chiefs to leave bp abruptly, an external hire can’t be ruled out.

Even if the two producers were to relax their curbs in early 2024, oil inventories will be severely depleted, leaving prices vulnerable to shocks, the IEA said. Brent futures climbed to 10-month high above $92 a barrel on Tuesday.

bp Plc Chief Executive Officer Bernard Looney has resigned with immediate effect over the failure to fully disclose past relationships with colleagues.

World oil inventories, having depleted sharply this quarter, are set for an even steeper drop of roughly 3.3 MMbpd in the next three months, forecasts published in a report from the Organization of Petroleum Exporting Countries indicated on Tuesday.

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The producer has asked the Fair Work Commission to make intractable bargaining declarations for the Gorgon and Wheatstone facilities, adding to a similar request already lodged in relation to the Wheatstone platform, a Chevron spokesman said.

Known as the Energy Capital of the World, Houston is home to companies right across the energy value chain, and some of the world’s largest LNG export facilities, as well as being a hub for innovation and technology.

During its 50th anniversary run, Offshore Europe’s participants have shown a remarkable, collective optimism about the future of offshore energy. We talked with Westwood Global Energy Group’s Research Director for Northwest Europe, Yvonne Telford, in the following special interview.

According to AIDEA, this latest action by the Department of the Interior shows arbitrary disregard for federal law, based on campaign trail rhetoric.

The 50th anniversary edition of SPE Offshore Europe (OE) got underway Tuesday morning with a solid, well-received Opening Address by British Minister of State for Energy Security and Net Zero, Graham Stuart, MP.

Chevron has dramatically expanded operations in Texas in recent years, chiefly due to oil production growth in the Permian basin, which now makes up a quarter of the company’s global output.

Solid oil and gas production from the region is also providing indispensable resources to Europe and the rest of the world, navigating through the energy transition.

Celebrating its 50th anniversary edition during Sept. 5-8, SPE Offshore Europe 2023 is opening in Aberdeen, Scotland, on Tuesday with a full slate of topical discussions and technical challenges for the energy industry. Held in Aberdeen’s P&J Live venue, the event is themed, “Accelerating the transition to a better energy future.”

West Texas Intermediate rose as much as 1.9%. Brent also climbed. Prices also gained as U.S. jobs data indicated wages were rising slower than forecast, taking the pressure off the Federal Reserve to hike interest rates.

The kingdom’s output fell by 170,000 bpd, exactly countering a combined increase from Iran and Nigeria, according to a Bloomberg survey. The Organization of Petroleum Exporting Countries collectively pumped 27.82 MMbpd in August, or 40,000 more than the previous month.