Industry & Analysis
News
October 09, 2024
Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility for Venezuela’s state-controlled crude producer, according to people familiar with the matter.
News
October 08, 2024
The U.S. expects crude production to grow by just 320,000 bpd next year, much slower than previously estimated.
News
October 08, 2024
Equinor has acquired a 9.8% minority stake in Ørsted—a transaction which establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company.
News
October 08, 2024
Russia’s crude shipments rose to the highest in three months, with more oil available for export after the country’s refineries embarked on seasonal maintenance.
News
October 07, 2024
Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.
News
October 07, 2024
Mike Sommers, president and CEO of the American Petroleum Institute (API), addressed the New Mexico Oil and Gas Association in Santa Fe today, emphasizing the critical role of U.S. energy security amid rising global tensions.
News
October 07, 2024
More consolidation in the U.S. shale sector is needed to cope with soaring costs to identify and exploit untapped oil reserves, according to Kimmeridge Energy Management Co.
News
October 07, 2024
Tourmaline Oil Corp. announced that it has closed the acquisition of Crew Energy Inc. and has entered an agreement to sell a gross overriding royalty interest to Topaz Energy Corp.
News
October 07, 2024
Sable Offshore Corp. expects maintenance activities for pipeline 324/325 (previously 901/903) to be completed in time for a restart by year's end.
News
October 07, 2024
Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel, according to people familiar with the matter.
News
October 07, 2024
Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion.
Article
September 2024
There has been significant emphasis on methane by the EPA lately. Simultaneously, there are many groups filing applications asking for the Supreme Court to intervene and stop some of these new rules. This adds a new level of complexity to the issue of measuring, monitoring, quantifying and reporting of methane emissions. So, let’s talk about some of this complexity.
Article
September 2024
Oil prices dipped in August—true to previous predictions by the EIA—and compiled futures prices are expected to continue to drop into September.
Article
September 2024
Optimism is slowly returning to the Canadian oil and gas sector, as global economic forces finally appear to be outpacing the misguided climate policies of the nation’s beleaguered federal government.
News
October 06, 2024
Exxon said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period.
News
October 06, 2024
Chesapeake Energy Corporation and Southwestern Energy Company have officially completed their merger, forming a newly rebranded entity, Expand Energy Corp.
News
October 04, 2024
Russia’s own data show its crude production in September fell just below its monthly target under the OPEC+ deal, according to people familiar with figures from the country’s Energy Ministry.
News
October 04, 2024
The U.S. Supreme Court refused for now to halt a Biden administration crackdown on methane emissions from oil wells, tanks and pipelines.
News
October 04, 2024
Saja Energy has been named the official distributor of Neo Oiltools' neotork Vibration Management Tool in Saudi Arabia. This announcement follows Neo Oiltools’ recognition of Saja Energy, a Saudi Arabia-based provider of energy sector products and services.
News
October 04, 2024
According to new analysis by Wood Mackenzie, the UK government must create a more predictable tax regime for the North Sea oil and gas sector to ensure long-term stability. After a history of ad hoc changes, the need for a clear tax framework has become urgent.
News
October 03, 2024
Viper Energy Inc., a subsidiary of Diamondback Energy Inc., has announced that it completed the previously announced acquisition of certain mineral and royalty interest-owning subsidiaries of Tumbleweed Royalty IV LLC.
