Industry & Analysis
News
April 10, 2024
As the world turns its collective focus towards energy security and environmental responsibility, international partnerships become essential for progress.
News
April 16, 2024
The announcement is the latest salvo in a proxy fight that began when Kimmeridge proposed the merger to SilverBow through a deal it said would value the combined company at $3.6 billion.
News
April 15, 2024
Geopolitical tensions in the Middle East, where more than a third of the world’s oil is produced, coupled with production cuts from OPEC+ and its allies and Mexico’s decision to slash oil exports are weighing on the market.
News
April 15, 2024
Seatrium and Shell have worked together on various projects over the years, including the recently announced Sparta floating production unit (FPU), which is conceived as a replicable project to leverage Seatrium’s topsides single lift integration methodology, following the fabrication of Vito and Whale FPU newbuilds in 2021 and 2023, respectively.
News
April 15, 2024
Equinor will sell 100% interest in and operatorship of its onshore asset in the Appalachian basin, located in southeastern Ohio, in exchange for 40% of EQT’s non-operated working interest in the Northern Marcellus shale formation in Pennsylvania.
News
April 14, 2024
Western Energy Alliance responded to the Bureau of Land Management’s (BLM) final fluid mineral leasing rule that will increase bonding amounts far beyond what the market will bear.
News
April 14, 2024
Trading resumed at 6pm New York time on Sunday. The risk of a direct Iranian attack on Israel was already at least partly priced in — benchmark Brent crude, up 17% so far this year, passed $90 a bbl after the strike on Iran’s embassy.
News
April 14, 2024
In its first forecast for 2025, the Paris-based IEA predicted demand growth of 1.1 MMbpd in 2025. It also trimmed its estimate for this year’s expansion in consumption by 130,000 bpd to 1.2 MMbpd. The agency’s growth estimate is below the 1.9 MMbpd predicted by world’s largest independent oil trader, Vitol Group, and about 1 MMbpd less than the increase foreseen by OPEC.
News
April 12, 2024
The Independent Petroleum Association of America (IPAA) issued a statement in response to the Bureau of Land Management's final Fluid Mineral Leases and Leasing Process rule released Friday that revises oil and gas leasing regulations including increases to bonding requirements, royalty rates, and minimum bids.
News
April 12, 2024
The changes wouldn’t affect ConocoPhillips’s 600 MMbbl Willow oil project in the National Petroleum Reserve-Alaska. But oil industry leaders say the plan is more expansive than initially anticipated and threatens to make it nearly impossible to build more important projects in the region.
News
April 11, 2024
According to “people familiar with the matter,” discussions didn’t progress farther than initial conversations. Along with political factors, ADNOC decided that the $110.3 billion company wouldn’t fit well into its strategy.
News
April 11, 2024
The producers group maintained its bullish forecasts for global oil demand growth this year, predicting an annual increase of as much as 2.7 MMbpd in the third quarter.
News
April 10, 2024
In the SEC filing, SilverBow asserts that a combination between SilverBow and Kimmeridge Texas Gas is not in the best interest of all of its shareholders.
News
April 10, 2024
According to DNV's annual “Industry Insight” survey, 73% of senior oil and gas professionals express confidence in the industry's growth trajectory for the upcoming year, a figure that has remained steady at around 74% since 2022, reflecting a resolute stance amid turbulence.
News
April 09, 2024
Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the end of the decade.
News
April 09, 2024
European supermajors have historically lagged behind their U.S. peers, with some investors pointing at large spending on renewables as part of the reason why shares have underperformed.
News
April 09, 2024
Investors would likely support mergers between major Canadian energy producers that increased scale and improved cost efficiencies — and Canadian companies are in a position to do such deals, said Brad Wells, head of energy at BMO Capital Markets.
News
April 08, 2024
Crude futures topped $90 a bbl last week for the first time since October as a combination of robust consumption, output disruptions and geopolitical risks pushed prices higher.
News
April 08, 2024
Jamie Dimon said U.S. delays of liquefied natural gas (LNG) projects were done for “political reasons” to pacify those who believe oil and gas projects should be stopped — a position he calls “wrong” and “enormously naïve.”
News
April 07, 2024
The American Petroleum Institute released a statement from API Senior Vice President and General Counsel Ryan Meyers on the U.S. Securities and Exchange Commission’s decision to stay its climate-related risk disclosure rule while courts adjudicate its legality.
News
April 07, 2024
Brent crude rallied more than 2% to climb above $90 a barrel on Thursday after Israeli Prime Minister Benjamin Netanyahu vowed to retaliate to any attack from Iran, despite the United States urging Israel to protect civilians.
