Industry & Analysis
News
September 08, 2024
A fight over Gulf of Mexico oil production is looming in Washington as U.S. regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the nation’s crude output.
News
September 05, 2024
Key coalition members won’t now increase production by 180,000 bpd in October and November, according to a statement on OPEC’s website. Yet their longer-term plan to revive 2.2 MMbpd of idle supplies gradually over the course of a year remained in place, with the completion date pushed back two months to December 2025.
News
September 05, 2024
Noble has published an updated fleet status report reflecting the addition of the Diamond rigs and other updates, chiefly the addition of 4.8 rig years of backlog recently awarded under the Commercial Enabling Agreement (CEA) with ExxonMobil for the company's four drillships operating offshore Guyana.
News
September 04, 2024
The U.S. Energy Department granted a five-year license Tuesday to Wes Edens’ company New Fortress Energy Inc., which is developing the small-scale LNG export plant known as Fast LNG offshore near Altamira, Mexico. The approval is key for U.S. LNG export developers to sell LNG globally to countries in Europe, Japan and China.
News
September 03, 2024
The integration of Weatherford’s digital offering with Datagration’s unified data models creates a powerful solution for surveillance, optimization, and decision-making across the well lifecycle. The combination enhances Weatherford’s capabilities in digital transformation and drives amplified synergies with its ForeSite®, CygNet ®, and CENTRO® platforms.
News
August 30, 2024
The crane, built by heavy lifting firm Mammoet for tens of millions of dollars, is among the latest bets that rising energy consumption will require huge new equipment for years to come.
News
August 30, 2024
Marathon Oil will file the vote results of the special stockholder meeting in a Form 8-K with the U.S. Securities and Exchange Commission. The companies to expect the transaction to close late in the fourth quarter of 2024.
News
August 30, 2024
Harris took pains to point out her support for the Inflation Reduction Act, which included provisions meant to encourage more oil and gas leasing on federal lands and waters. The law made the government’s award of wind and solar rights on federal lands contingent on the sale of more oil and gas leases.
News
August 30, 2024
Tim Duncan, who was also one of the company’s founders, stepped down on Thursday. Board member Joseph Mills will serve as interim CEO. Earlier this month, Carlos Slim, Latin America’s richest person, took advantage of the equity-market selloff to boost his stake in Houston-based Talos, which focuses on oil exploration and production in the Gulf of Mexico.
News
August 29, 2024
It’s the latest round of cuts following similar moves in the company’s deal-making team, as well as low-carbon solutions, chemicals and offshore wind. The staff reductions would affect the company’s exploration, strategy and portfolio segment as well as its development, subsurface and wells business.
News
August 28, 2024
Shell will leverage Akselos’ Structural Performance Management (SPM) software to monitor the structural health of critical assets across the Shell portfolio in near real-time. Akselos’ SPM software will help enable Shell to optimize the lifecycle of critical assets safely and sustainably.
News
August 26, 2024
Earlier this month, state-run Nile Petroleum Corp. assumed control of PETRONAS’ oil fields and assets – effectively repossessing the Malaysian company’s investment – and announced it would seek a new partner to ensure operations continue.
News
August 26, 2024
Demand will be high enough that failing to invest now in new oil and gas projects would be “catastrophic,” Birdsall said. Without new investment, Exxon sees oil supply falling 70% to 30 MMbpd by 2030, sending crude prices soaring and decimating the global economy.
News
August 23, 2024
The U.S. has imposed sanctions on seven liquefied natural gas carriers linked to Russia, including vessels believed to have loaded at its newest export facility in the Arctic region.
News
August 22, 2024
Enbridge Inc. Chief Executive Officer Greg Ebel has played a major role in the company’s transformation from an oil-focused pipeline operator into a sprawling enterprise with businesses touching all forms of energy.
News
August 22, 2024
Demand for natural gas will remain strong despite government and company efforts to zero out emissions by mid-century, according to Kevin Gallagher, the head of Santos Ltd.
News
August 22, 2024
Halliburton, a major U.S. oil field services firm, experienced a cyberattack on Wednesday, affecting some of its systems, particularly at its north Houston campus and global connectivity networks.
News
August 21, 2024
Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with provisional plans to bring back idled production starting in October, data last week from the International Energy Agency showed.
News
August 21, 2024
Oil demand by 2050 will be “well north” of 100 MMbpd and possibly exceed 110 MMbpd, CEO Greg Ebel said Tuesday in an interview at Bloomberg’s New York headquarters. That contrasts with an International Energy Agency projection that demand will decline to 97 MMbpd by mid-century.
News
August 20, 2024
QB Energy is acquiring the producing upstream assets, gathering and compression midstream assets and all other assets owned by Caerus in the Piceance basin. Koda is taking a similar set of assets owned by Caerus in the Uinta basin.
News
August 19, 2024
Advances in the development and miniaturization of wearable biosensor technologies have introduced new possibilities for individualized heat stress management in the oil and gas industry.
