Industry Trends
News
December 04, 2023
(WO) — A recent meta-study from X-Academy anticipates a surge of 73,000 jobs in the UK energy sector by 2030, contingent upon collaborative efforts between governments and industries to expedite the energy transition.
News
November 21, 2023
(WO) — TechnipFMC has announced an agreement to sell the company’s Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary adjustments at the closing of the transaction.
News
November 20, 2023
Brazil’s state-controlled oil giant Petroleo Brasileiro SA will continue with its current price policy, making adjustments only when technical guidelines suggest the need for them.
News
November 15, 2023
(WO) — The Energy Workforce and Technology Council issued a statement in response to the Fifth National Climate Assessment, emphasizing the industry's commitment to efficient energy production.
News
November 15, 2023
(WO) — The American Petroleum Institute (API) welcomed the U.S. Court of Appeals decision for the Fifth Circuit to lift unjustified restrictions on oil and natural gas vessels, as stated by Senior Vice President and General Counsel Ryan Meyers.
News
November 10, 2023
The OPEC+ leader is likely to extend its 1 MMbpd production cut — introduced over the summer — into next year, according to analysts at UBS Group AG, FGE, Commerzbank AG and Eurasia Group. RBC Capital Markets says it looks increasingly likely.
News
November 03, 2023
On Nov. 1-2, Gulf Energy Information held its 19th annual Women’s Global Leadership Conference in Energy (WGLC). The event brought women from around the globe to discuss the unique female experience in an industry that has historically been dominated by men.
News
October 12, 2023
Job cuts will be “fairly minimal,” CEO Darren Woods said just hours after announcing Exxon’s biggest acquisition in more than two decades. “We’re really focused on making sure we are leveraging the capability of Pioneer and their people.”
News
October 09, 2023
Oil surged more than 4% after Hamas’ surprise attacks on Israel over the weekend threatened to inflame tensions in the Middle East, home to almost a third of global supply.
News
September 11, 2023
State-owned Nile Petroleum Corp. “is still a small entity” and requires funding to reach the capability of companies such as China National Petroleum Corp. and Petroliam Nasional Bhd., from which it had planned to take over licenses as it expands operations, South Sudan’s National Economic Conference said in a summary of recommendations.
News
August 04, 2023
Overall, U.S. employers added 187,000, less than expected but slightly higher than June’s revised number of 185,000, representing a continued cooling in the economy and labor market.
News
July 20, 2023
Greg Shaver, a mechanical engineering professor and director of Purdue’s Ray W. Herrick Laboratories, is part of a national effort researching the reduction of carbon dioxide, nitrogen oxide and microscopic particle emissions and improving the efficiency of diesel engines on the road today.
News
May 03, 2023
During his thoughtful speech, Dr. Tinker highlighted three themes: 1) energy is vital for human advancement; 2) all forms of energy, including renewables, have pros and cons; and 3) energy security requires optionality.
News
May 01, 2023
Spaceports are marine or offshore assets that conduct spacecraft launch or recovery. The ABS Requirements for Building and Classing Offshore Spaceports addresses several vessel types including barge type units, column-stabilized, offshore installations and self-elevating units.
Article
April 2023
Oil and gas will build tomorrow’s energy economy
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.
