Industry & Analysis
News
February 13, 2024
The acquisition of Coretrax will enable Expro to expand its portfolio of cost-effective, technology-enabled well construction and well intervention & integrity solutions, particularly across the North and Latin America, Europe and Sub-Saharan Africa and Middle East and North Africa regions.
News
February 12, 2024
Nasser’s projections are roughly half-way between forecasts from OPEC — the producer group led by Riyadh — and its counterpart representing consuming nations, the International Energy Agency. It’s in line with views from major traders such as Vitol Group and Gunvor Group Ltd.
News
February 12, 2024
In their letter, the groups express "serious concerns regarding the impact of the Environmental Protection Agency’s (EPA) new methane emissions regulations (Subparts OOOOb and OOOOc) and the Methane Emissions Reduction Program (Methane Tax) on oil and gas marginal well owners.
News
February 12, 2024
The administration’s pause has potential implications for more than a dozen proposals now awaiting review at the Energy Department, including ventures in Louisiana by Commonwealth LNG and Energy Transfer LP.
News
February 11, 2024
The surge in oil and gas industry mergers and acquisitions — marked by a series of megadeals among oil and gas producers last year — is set to ramp up further in 2024 as interest rates decline, Enbridge Inc. Chief Executive Officer Greg Ebel said.
News
February 09, 2024
CEO Nick Dell’Osso said the government’s “unfortunate” move will ultimately get resolved, but LNG projects take years to complete, “so a one-year pause, if it is a full year, is meaningful.”
News
February 09, 2024
This innovative Service reaffirms API’s position as the original source for API standards and technical documents, while advancing its mission of promoting a safety culture and reducing risk and liability within the oil and gas industry.
News
February 09, 2024
The UK’s offshore energy industry has warned 42,000 jobs and £26billion of economic value would be wiped out under new Labour proposals to extend the windfall tax on UK oil and gas producers.
News
February 08, 2024
The collaborative energy innovation platform announced its rebrand and specialty board of advisors with executives from Nike, XPRIZE, and change-making innovators and entrepreneurs.
News
February 08, 2024
In a letter sent to Energy Secretary Jennifer Granholm, the House Committee on Science, Space, and Technology asks why the department’s study on how LNG shipments affect climate change, the economy and national security is needed and how the analysis will differ from previous studies on the issue.
News
February 07, 2024
The new standard of 9 µg/m3 is near naturally occurring levels of fine particles and will place nearly 40 percent of the U.S. population in areas of nonattainment. This will lead to new controls on both industrial and non-industrial sources, creating new permitting challenges while jeopardizing nearly $200 billion in economic activity and as many as one million jobs.
News
February 07, 2024
EQT has several nonbinding deals with LNG developers in the U.S., including Texas LNG LLC, Energy Transfer LP’s Lake Charles and Commonwealth LNG. The pause most affects Energy Transfer and Commonwealth, as well as Venture Global LNG Inc.’s CP2 in Louisiana, that are moving forward with export projects.
News
February 07, 2024
Woodside Energy Group Ltd. and Santos Ltd. have ended tie-up talks that would have created an Australian gas export powerhouse, leaving the smaller Adelaide-based producer under pressure to consider asset sales and other options to boost its lagging valuation.
News
February 06, 2024
With the contract, Danos team members will bring a wealth of technical expertise to oversee the scheduling of offshore projects and logistics for Shell’s construction, coatings and maintenance activities.
News
February 06, 2024
BP's earnings announcement caps a tumultuous few months that saw the abrupt resignation of former CEO Bernard Looney, a swell of rumors that it was a potential takeover target, and most recently calls from activist investor Bluebell Capital Partners to divert spending from renewables into oil and gas.
News
February 05, 2024
Australia’s oil and gas industry has called on the government to use the Federal Budget to urgently unlock new gas supply to avoid forecast shortages, put downward pressure on prices and secure the economic and emissions reduction benefits of the country's abundant natural gas resources.
News
February 05, 2024
Seven coalition members have pledged supply curbs totaling about 900,000 bpd this quarter, in tandem with a 1 MMbpd reduction by group leader Saudi Arabia. They’ll review whether to continue the curbs in about one month’s time, according to officials, who asked not to be identified.
News
February 05, 2024
The No. 2 U.S. oil and gas operator incurred $3.7 billion of charges stemming mostly from assets in its home state of California and the dismantling of decades-old infrastructure in the Gulf of Mexico. Annual production climbed 4%, primarily boosted by rising output in the Permian basin and other U.S. fields.
News
February 04, 2024
The upbeat reports by North America’s biggest crude drillers, fueled by strong output growth from the Permian Basin, follow similar results at Shell Plc, which kicked off the oil and gas industry’s earnings season on Thursday with adjusted net income that was more than $1 billion higher than the average forecast
News
February 04, 2024
We all want clean air and water. We all want to be good stewards of our land and natural resources. And over the last 50 years, America has proven that oil and gas production and a clean environment are not mutually exclusive.
