Industry Trends
News
March 30, 2022
Cnooc Ltd. is considering a sale of its U.K. North Sea portfolio, in what could be one of the biggest disposals in the aging basin by a foreign firm in recent years, people familiar with the matter said.
News
March 29, 2022
Saudi Arabia and the United Arab Emirates said the U.S. must trust OPEC+’s strategy, as Washington and other major importers call on the group to hike oil production following Russia’s invasion of Ukraine.
News
March 25, 2022
The U.S. and other major economies discussed oil supply and the potential for another round of releases, raising the prospect of new government intervention to ease supply strains.
News
March 24, 2022
Activity in the oil and gas sector accelerated during first-quarter 2022, according to oil and gas executives responding to the Dallas Fed Energy Survey, which is punctuated with a number of record highs.
News
March 23, 2022
Occidental Petroleum Corp., the shale giant backed by Warren Buffett, plans to build 70 carbon capture facilities around the world by 2035 that will each remove as much as 1 million tons per year of the greenhouse gas directly from the atmosphere.
News
March 22, 2022
TotalEnergies SE said it will stop buying Russian crude and diesel by the end of the year, becoming the latest energy giant to shun the country’s oil in protest against the invasion of Ukraine.
News
March 22, 2022
European refiners are increasingly turning to their own backyard for oil supply in the wake of Russia’s invasion of Ukraine.
News
March 18, 2022
Soaring oil prices are padding the fortunes of U.S. shale and gas tycoons, even vaulting one into the ranks of the world’s 500 richest people for the first time.
News
March 18, 2022
Service sector spending on CCS developments is set to skyrocket this decade, quadrupling from 2022 to 2025, Rystad Energy research indicates.
News
March 16, 2022
Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude.
News
March 15, 2022
The world is wondering, and rightfully so, if Africa’s gas reserves — an estimated 221.6 trillion cubic feet — could be part of the energy solution Europe so desperately needs.
News
March 15, 2022
Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned.
News
March 15, 2022
Demand for rigs is now higher than it’s been in years, and the Canadian summer drilling season is likely to start earlier than usual.
News
March 14, 2022
Even before Russia’s invasion of Ukraine sent shockwaves through the oil market, U.S. shale producers had been exiting their price hedges for months.
News
March 11, 2022
The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic.
News
March 10, 2022
Some oil and gas dealmakers are hitting the pause button as prices whipsaw following the ban on Russian oil imports. Companies are concerned about overpaying for assets while focused on cutting debt and rewarding shareholders.
News
March 09, 2022
Amid oil prices rumbling to their highest levels in 14 years, E&P executives on the second afternoon of CERAWeek by S&P Global examined the methods they are likely to use, so their companies will excel in future years.
News
March 07, 2022
Global demand for oil was exceeding production by 1 MMbpd before the Russia-Ukraine war, setting the stage for an oil market that could continue to see significant price changes.
News
March 07, 2022
OPEC remains focused on being a reliable supplier of oil to global markets but cannot control the global events causing oil price surges, said Secretary General Mohammad Sanusi Barkindo during the CERAWeek by S&P Global conference Monday.
News
March 07, 2022
The CERAWeek by S&P Global conference started its week-long stay in Houston on Monday with a number of high-profile executive plenary sessions and “leadership dialogues.”
News
March 07, 2022
United Steelworkers International President Tom Conway said the union calls on their government and employers to cut off all Russian imports of crude oil that would be processed in our domestic refineries.
