Industry Trends

News
December 21, 2023
Shell Plc has begun cutting jobs beyond previously announced reductions in its low-carbon division as CEO Wael Sawan seeks to trim costs and be more competitive with U.S. rivals, people familiar with the matter said.
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December 21, 2023
Abu Dhabi National Oil Co. submitted an increased preliminary takeover bid for German chemical company Covestro AG and offered concessions to pave the way for the start of detailed due diligence, people with knowledge of the matter said.
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December 21, 2023
Harbour Energy has agreed to acquire Wintershall Dea's exploration and production business, including its producing and development assets, exploration rights, and carbon capture and storage licenses in various countries, for $11.2 billion.
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December 20, 2023
In a pivotal moment for American energy policy, National Ocean Industries Association (NOIA) President Erik Milito emphasizes the urgency of Congressional intervention following the conclusion of Gulf of Mexico Lease Sale 261.
News
December 20, 2023
(WO) —WSG Energy Services (WSG) announced the acquisition of Azoto Energy Services Ltd. (Azoto), a leading player in the engineered nitrogen pumping solutions sector in Western Canada, on Dec. 13.
News
December 15, 2023
The American Petroleum Institute (API) released a statement criticizing the Biden administration's approved five-year federal offshore leasing program, asserting it fails to meet growing U.S. energy needs and may increase reliance on foreign sources.
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December 15, 2023
Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry.
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December 15, 2023
Chevron Corp. CFO Pierre Breber criticized employees for failing to deliver on several key performance metrics in 2023, a year in which Chevron's shares tumbled 16%, a steeper drop than its industry peers.
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December 15, 2023
ADNOC and OCI combined their Middle East and North Africa crop-nutrient businesses in 2019 to form Fertiglobe, a regional fertilizer producer, to challenge U.S. and Russian exporters.
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December 11, 2023
(WO) — The Energy Workforce & Technology Council's monthly jobs report reveals a surge of 1,286 jobs in the U.S. oilfield services sector for November.
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December 08, 2023
Neptune Energy has been awarded Gold Standard status by the United Nation’s Environmental Program (UNEP), recognizing the company’s detailed plans to reduce methane emissions to near zero by 2030.
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December 08, 2023
The American Petroleum Institute (API) has called on the Biden administration to recognize the important role that Alaska plays in U.S. energy security and support the continued development of energy resources in the National Petroleum Reserve.
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December 04, 2023
Texas made headlines this weekend after the State Board of Education (SBOE) rejected efforts to villainize oil and gas in textbooks used by our public schools.
News
December 03, 2023
While managing supply chain risks has always been a recurring boardroom concern, it took a global pandemic to underscore exactly what’s at stake when disruptions occur. As a result, the pandemic’s profound impact on supply chains has elevated the importance of globally recognized standards —particularly in the energy sector, where supply chain vulnerabilities have far-reaching consequences.
News
December 03, 2023
(WO) — Weatherford International Plc hosted its 19th annual FWRD Digital Conference on Nov. 7, convening figures from across the energy sector, technology partners, and technical experts from Weatherford.
News
December 04, 2023
(WO) — In an era when Africa needs oil and gas investments more than ever, attracting those investments has become increasingly difficult. Part of the challenge lies in the mounting pressure on oil companies to shift their focus from exploration and production to investments in renewable energy in response to global emissions-reduction goals.
News
December 04, 2023
(WO) — A recent meta-study from X-Academy anticipates a surge of 73,000 jobs in the UK energy sector by 2030, contingent upon collaborative efforts between governments and industries to expedite the energy transition.
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November 21, 2023
(WO) — TechnipFMC has announced an agreement to sell the company’s Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary adjustments at the closing of the transaction.
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November 20, 2023
Brazil’s state-controlled oil giant Petroleo Brasileiro SA will continue with its current price policy, making adjustments only when technical guidelines suggest the need for them.
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November 15, 2023
(WO) — The Energy Workforce and Technology Council issued a statement in response to the Fifth National Climate Assessment, emphasizing the industry's commitment to efficient energy production.
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November 15, 2023
(WO) — The American Petroleum Institute (API) welcomed the U.S. Court of Appeals decision for the Fifth Circuit to lift unjustified restrictions on oil and natural gas vessels, as stated by Senior Vice President and General Counsel Ryan Meyers.
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