Industry Trends
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.
News
February 02, 2023
(WO) — The Offshore Technology Conference will recognize Skip Ward, Ph.D. for Individual Achievement, Exxon Mobil’s Liza Development project in Guyana for Company Achievement, and Guodong Zhan, Ph.D. for Special Citation, as the recipients of the 2023 Distinguished Achievement Awards.
News
February 02, 2023
(WO) — Offshore Energies UK, the trade body for the UK’s offshore energy industries and supply chain companies, said calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers — because such a levy would breach global tax agreements and so could never be implemented.
News
January 26, 2023
Sommers outlined the three components of API’s policy plan unveiled during its annual State of American Energy event, during which members of Congress from both sides of the aisle voiced support for American energy leadership, including durable permitting reform to unleash energy development and an all-of-the-above approach to building a lower carbon future.
News
January 26, 2023
The tsunami of cash generated by the group over the past 12 months means the industry can sustain dividend increases and share buybacks, analysts said. Crucially for shareholders, management teams held off on spending increases as commodities boomed, in stark contrast with previous cycles.
News
January 25, 2023
The MOU aims to establish cooperation and a constructive partnership between both organizations by advancing the use and implementation of API standards in the Well Done Foundation’s activities.
News
January 18, 2023
Harbour Energy, the North Sea's biggest oil and gas producer, has told staff it plans job cuts, linked to the windfall tax imposed on the UK sector last year. The jobs would be cut in Harbour Energy's headquarters in Aberdeen.
News
Ace Oil Tools becomes Ace Well Technology to reflect commitment to technology across energy industry
January 13, 2023
Ace Well Technology selected the new name and visual identity to better reflect the broader applications of the product portfolio while retaining strong links to the company’s history.
News
January 11, 2023
With this addition, H&P joins an impressive roster of top-tier companies committed to responsibly developing resources in the Permian Basin while improving residents' quality of life in West Texas and Southeastern New Mexico.
News
January 10, 2023
The current CEO, Leslie Beyer, will step down in July 2023. Effective immediately, Molly Determan, current Chief Operating Officer, and Tim Tarpley, current Senior Vice President and Counsel, are both elevated to the role of President with equal responsibility.
News
January 10, 2023
The flagship company combines ADNOC’s gas process and LNG business’ operations, maintenance and marketing into one global market-leading consolidated business.
News
January 05, 2023
ADNOC will make the investments, according to the government. The state-owned company will look at international partnerships and carbon capture to expand a cleaner-energy unit established last year.
News
January 05, 2023
EOG Resources joined the Oil and Gas Methane Partnership 2.0, UNEP's flagship oil and gas reporting and mitigation program. The program is the most comprehensive reporting framework for the oil and gas industry designed to improve the accuracy and transparency of methane emissions reporting.
News
December 30, 2022
U.S. shale executives remain concerned about the outlook for rising costs going into 2023 as they continue to struggle with hiring and retaining workers, according to the Federal Reserve Bank of Dallas.
News
December 27, 2022
Talos will have more favorable interest rate margins, an increased letters of credit sub-limit, increased flexibility to grow its carbon capture and sequestration ("CCS") business and more favorable administrative terms.
News
December 23, 2022
Dotz’s technology provides a solution to detect and quantify corrosion inhibitors within oilfield premises, providing on-site dosage management and significant savings on maintenance and corrosion inhibitor overdosing and underdosing costs.
News
December 19, 2022
Shareholder activist group Follow This, along with other investors, filed resolutions with Shell Plc, BP Plc, Exxon Mobil Corp. and Chevron Corp., urging them to align their 2030 emissions targets with the Paris Agreement.
News
December 14, 2022
OEUK warned that the declining output from the UK’s existing fields meant continued exploration and financing were vital for the UK’s energy security. They also announced David Whitehouse as the new CEO.
News
December 14, 2022
Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry, telling executives at a meeting in Washington that she recognizes fossil fuels will be around for a long time.
News
December 13, 2022
The expansion of the energy consumption rate has fostered the discovery and production of offshore oil & gas wells, which could become a prominent driver for market growth.
News
December 08, 2022
Well-integrity specialist company HydraWell has unveiled its new technology, HydraCT, an advanced perforation, wash and cement system specifically designed for coil tubing applications with the potential to cut CO2 emissions by 80% and reduce costs by up to 60%.
