Industry Trends
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%.
News
December 05, 2022
Ocean services provider DeepOcean and Akvaplan-niva have signed an agreement to cooperate regarding the potential utilization of remotely operated vehicles (ROVs) and unmanned glider vehicles (USVs) to perform environmental studies for offshore wind and oil and gas developments.
News
December 01, 2022
Eni SpA is considering a takeover of private equity-backed oil and gas explorer Neptune Energy Group Ltd., people familiar with the matter said, in what would be a rare upstream acquisition by a European major amid the broader industry shift to renewables.
News
November 30, 2022
Government and industry gathered on Nov. 30 to discuss energy security, the energy transition to net zero and challenges to maintaining investment in the North Sea during a forum hosted by industry regulator the North Sea Transition Authority (NSTA).
News
November 30, 2022
Carlyle Group Inc. is exploring a multibillion-dollar bid for a large part of Austrian energy company OMV AG’s oil and gas portfolio, in what would be a bold move by a buyout firm to further expand into fossil fuels, people familiar with the matter said.
News
November 28, 2022
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
