Industry Trends
Article
April 2023
After eight long years of difficult market conditions, offshore contractors appear headed for a multi-year recovery that should see continually improving economics and efficiencies.
News
April 11, 2023
(WO) — Employment in the U.S. oilfield services and equipment sector increased by 2,907 jobs to its highest level since March of 2020 to reach 656,368 in March, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to February numbers and analysis by the Energy Workforce & Technology Council.
Article
March 2023
Striking a balance
News
March 23, 2023
With offices in Fort Worth and Midland, Texas, Valor has grown to become one of the Southwest’s leading private asset managers, providing mineral management, oil and gas bookkeeping, and operator outsourcing for mineral rights, and oil and gas owners.
News
March 23, 2023
Eni’s interest in a deal cooled in recent months after disagreements over price, the people said, asking not to be identified discussing confidential information. A sale could value Neptune at more than $5 billion, Bloomberg News reported in November.
News
March 20, 2023
In addition to its oil and gas industry legacy, AGR’s specialist competence and software are also applied to decommissioning of offshore assets, carbon capture use and storage (CCUS), blue hydrogen, geothermal energy and seabed minerals.
News
March 20, 2023
The walkouts will affect dozens of platforms operated by companies including BP Plc, Shell Plc and TotalEnergies SE, the union said in a statement. No date has been set yet for the start of the labor action that was approved by 1,400 workers.
News
March 17, 2023
Having been shortlisted earlier in the year, the company was recognized by a judging panel of 30 industry experts for its outstanding commitment to lowering risk, reducing costs, and protecting the environment with its advanced passive integrity monitoring solutions.
News
March 01, 2023
The sale is part of Shell’s strategy to create a resilient and competitive Upstream portfolio by focusing on positions with high growth potential and a strong integrated value ch
Article
February 2023
Crude prices inched up in January, as the prospect of increased Chinese demand offset the apprehension that inflation and steadily rising interest rates would trigger a global economic recession.
Article
February 2023
Green power struggle threatens global energy security
News
February 28, 2023
Since 2003, OHH has given $5.9 million to more than 1,000 oil and gas industry workers and their families. What began as a small fundraising effort for a family facing unforeseen medical expenses, has grown into a national organization.
News
February 28, 2023
The executive’s pitch at the event — one of the city’s biggest fossil fuel conferences — follows the company’s recent announcement that it would cut oil and gas production more slowly than expected this decade.
News
February 20, 2023
The combined measures would create a “holistic approach to pressure Russia” in the coming weeks, Estonian Foreign Minister Urmas Reinsalu told reporters in Brussels.
News
February 16, 2023
The report by Airswift, the global workforce solutions provider to the STEM industries, finds that, with oil and gas majors posting record profits, 44% of oil and gas workers saw their pay increase last year and two-thirds expect further salary rises next year. 41% expect bumper pay rises of over five per cent next year.
News
February 16, 2023
Forty governments took part in a Special IEA Ministerial meeting on natural gas markets and supply security, discussing additional ways to work together to limit the impacts from the global energy crisis triggered by Russia’s invasion of Ukraine and proposing measures to support affected countries.
News
February 15, 2023
The agency raised global demand estimates by a hefty 500,000 bpd for the first quarter, and by just under half as much for the year as a whole. As a result, world consumption will climb by 2 MMbpd this year to average 101.9 MMbpd.
News
February 14, 2023
The Organization of Petroleum Exporting Countries raised its projection for the amount of crude it will need to pump this year by 250,000 bpd to an average of 29.42 MMbpd, it said in a monthly report. Based on OPEC’s current output rates, markets are set to be broadly balanced this year.
News
February 09, 2023
Renovations include air and water quality improvements, safety upgrades and an overall streamlined production process which enables faster turnaround times for customers.
News
February 05, 2023
Employment in the U.S. oilfield services and equipment sector rose by an estimated 3,069 jobs to 652,090 in January, according to preliminary data from the Bureau of Labor Statistics after adjustments to December numbers and analysis by the Energy Workforce & Technology Council.
News
February 02, 2023
U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.
