Industry Trends
News
January 31, 2022
Exxon Mobil Corp. will relocate its corporate headquarters to the Houston area from suburban Dallas and combine its chemical and refining divisions in a major shake-up aimed at reducing costs.
News
January 28, 2022
Triple-digit oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said Chevron Corp.’s top executive.
News
January 27, 2022
The Texas oil and gas exploration and production economy enjoyed a year of recovery in 2021 on the heels of nearly two years of contraction, according to the Texas Alliance of Energy Producers’ Texas Petro Index.
News
January 25, 2022
Chesapeake Energy Corp. agreed to buy closely held Chief E&D Holdings LP and associated assets held by affiliates of Tug Hill Inc. for about $2.6 billion in cash and stock, marking its second multi-billion-dollar acquisition since emerging from bankruptcy last year.
News
January 25, 2022
The Iranian nuclear talks could hardly be more critical for oil traders. Crude prices have surged 10% this year to around $85 a barrel, with many analysts predicting it’s only a matter of time before they hit triple digits for the first time in eight years.
News
January 24, 2022
Saudi Aramco said demand for oil is nearing pre-Covid levels and reiterated that producers globally are investing too little in supply.
News
January 24, 2022
The European Commission has been told by a key expert group that planned adjustments to its green rulebook risk raising greenhouse gas emissions and undermining the bloc’s reputation as a bastion for environmentally friendly finance.
News
January 21, 2022
Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co., the world’s No. 2 oilfield contractor, is any gauge.
News
January 21, 2022
Schlumberger is gearing up for growth around the world as the No. 1 oilfield contractor expects recovering economies to ignite several years of crude-demand expansion.
News
January 21, 2022
Last year’s blistering rally in natural gas and oil prices pushed mergers and acquisitions in the sector to a three-year high with no slowdown in sight, according to consultant Rystad Energy AS.
News
January 21, 2022
The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, according to a research note to clients. Spare supply capacity will shrink to 2 million barrels a day from the current 3.4 million.
News
January 20, 2022
The Netherlands is throwing a hydrogen life preserver to pipelines that are on the brink of becoming stranded assets.
The nation will end most natural-gas production this year, forcing NV Nederlandse Gasunie to find alternative uses for its 15,000 kilometers of pipes.
News
January 19, 2022
The oil market is getting tighter and there may be even less slack in the system than forecasts suggest.
News
January 19, 2022
OPEC and its allies are increasing oil production but can’t solve all the sector’s issues alone, the United Arab Emirates’ energy minister said.
News
January 18, 2022
“We continue to work with producer and consumer countries, and these steps have had real effects on prices and ultimately tools continue to remain on the table for us to address prices,” President Biden's National Security Council spokeswoman Emily Horne said in a statement on Tuesday.
News
January 18, 2022
Iran-backed Yemeni fighters launched drone strikes on the United Arab Emirates that caused explosions and a deadly fire outside the capital, Abu Dhabi, ratcheting up security risks in the oil-exporting region at a critical time.
News
January 18, 2022
Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months, joining the ranks of OPEC+ nations that are struggling to ramp up even as fuel demand rebounds from the pandemic.
News
January 17, 2022
BP and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.
News
January 17, 2022
Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels.
News
January 14, 2022
Russia has nothing to do with the energy crisis in Europe, Deputy Prime Minister Alexander Novak said, rejecting allegations from the International Energy Agency that it’s holding back supplies and driving up prices of natural gas.
News
January 14, 2022
The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even more because of tight supplies.
