Industry Trends
News
January 03, 2022
Oil posted its biggest annual advance since 2009 as vaccination rollouts accelerated the reopening of economies, spurring global consumption while crude production returned at a more moderate pace.
News
January 03, 2022
OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand.
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December 28, 2021
Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.
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December 27, 2021
Oil rose in tandem with equity markets as investors weighed the rapid spread of omicron against signs it may be milder than previous variants.
News
December 22, 2021
As companies target net zero emissions by 2050, industrial decarbonization gathers momentum to embrace novel technologies, smart policies, robust investments, and new business models. To drive such initiatives, talent hiring is on the rise across industries.
News
December 21, 2021
Equinor, Shell, TotalEnergies, Gassco and classification society DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships.
News
December 17, 2021
Everyone may be back to watching the daily number of coronavirus cases as the omicron variant spreads through Europe, but the energy market is focusing on a more traditional gauge of worry: the temperature.
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December 17, 2021
Oil at $100 a barrel cannot be ruled out in 2023 as supply additions are expected to be too slow to keep up with record demand, according to Goldman Sachs Group Inc.
News
December 16, 2021
Harold Hamm, who took Continental Resources Inc. public 14 years ago, says right now his closely held competitors can do what he simply can’t: increase oil production to meet rising demand.
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December 15, 2021
Billionaire oil wildcatter Harold Hamm is donating $50 million for a new research center at Oklahoma State University focused on “securing America’s energy future,” a move that comes as the industry debates how to transition to cleaner fuels.
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December 15, 2021
Oil forecasters have parted company on their views about demand in the coming months, as the omicron variant of the Covid-19 virus spreads rapidly around the world. And producers have emerged as the surprising bulls in the latest round of estimates.
News
December 14, 2021
President Joe Biden’s energy chief extended an olive branch to the oil industry Tuesday, telling executives a crude export ban is not under consideration, while assuring them that the administration was “not a bogeyman.”
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December 13, 2021
OPEC increased its forecast for global oil demand in the first quarter substantially, as some of this year’s recovery is delayed by Omicron but the overall risk from the new virus strain remains limited.
News
December 13, 2021
It’s been almost three weeks since the U.S. unveiled an internationally coordinated release of oil from national reserves, but so far there’s been little follow through from the other five nations.
News
December 10, 2021
The Biden administration has ordered an immediate halt to new federal support for coal plants and other carbon-intensive projects overseas, a major policy shift designed to fight climate change and accelerate renewable energy worldwide.
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December 09, 2021
U.S. companies with contracts to buy only renewable power are still relying heavily on fossil fuels because of a lack of clean-energy supplies, a Columbia University study has shown.
News
December 08, 2021
Buoyed by high oil prices, the bosses of the biggest explorers this week laid out a vision for the energy transition that hinges on more fossil-fuel investment rather than less.
News
December 07, 2021
A day after Halliburton Co. warned of an imminent oil shortage, larger oilfield rival Baker Hughes Co. offered a sunnier outlook.
News
December 07, 2021
As deadlines on ambitious green-energy targets draw nearer, the infrastructure and expertise of the fossil fuel industry has a critical role to play in reaching the world’s decarbonization goals.
News
December 07, 2021
In the debate over why U.S. oil producers haven’t added additional supply, the boss of ConocoPhillips lays the blame squarely with the government.
News
December 07, 2021
Halliburton Co., the oil industry's largest frac services provider, warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014.
