U.S. Offshore
News
June 04, 2021
Oil and gas employment has remained fairly flat in 2021 as companies have focused on reducing debt, repaying investors and focusing on research and development instead of boosting production. Employment in the sector is down 13.8% since the onset of the pandemic in March 2020.
News
June 01, 2021
Chevron and top American oil-service companies won an extension to keep a limited presence in Venezuela despite U.S. sanctions intended to starve President Nicolas Maduro’s regime of petrodollars.
News
June 01, 2021
“When you consider the 20-gigawatt target we’ve laid out until 2025, it’s a significant move forward,” Dev Sanyal, BP’s head of gas and low-carbon energy, said in an interview.
News
May 31, 2021
Futures in New York climbed past $67 a barrel, putting crude on track for a second straight monthly gain. OPEC and its allies are expected to stick with a decision to boost output in July when the group gathers Tuesday.
News
May 28, 2021
U.S. Secretary of Energy Jennifer Granholm said the Biden administration would rather promote and sell a cleaner version of the fuel. The statement marks a policy shift from the Trump administration, which rolled back environmental regulations and heavily promoted U.S. LNG around the world.
News
May 28, 2021
The Pew Research Center released a new poll which found that nearly two-thirds of the U.S. public opposes phasing out fossil fuels as a means of addressing climate change.
News
May 27, 2021
The U.S. oil market is showing clear signs of tightening on the back of strengthening demand, raising a question about whether the nation’s booming crude exports could slow.
News
May 26, 2021
Gasoline demand in the world’s largest economy is heading into one of its traditional peak seasons with some of the lowest stockpiles in almost three decades.
News
May 26, 2021
With the busiest part of the Atlantic and Gulf of Mexico hurricane season fast approaching, the U.S. oil and natural gas industry is taking steps to ensure the safety of facilities, employees and communities during heavy weather events.
News
May 25, 2021
A key price spread in the market for West Texas Intermediate crude is signaling that oil traders are bracing for a potential supply crunch just ahead of the busy summer driving season that sparks a demand surge.
News
May 25, 2021
“Our two organizations have worked together side by side for many years on numerous initiatives and global events. Joining forces would bring the best of both organizations together and provide additional value to engineers, geoscientists, and the broader energy sector,” said Rick Fritz, AAPG president.
News
May 20, 2021
A natural gas pipeline linking Russia and Germany edged closer to completion after the Biden administration loosened sanctions of the controversial project, but significant hurdles remain before the fuel can start flowing under the Baltic Sea.
News
May 20, 2021
Iran’s President Hassan Rouhani said world powers have accepted that major sanctions on his country -- including those on oil, banking and shipping -- will be lifted as part of an agreement with the U.S. to revive a 2015 nuclear deal.
News
May 19, 2021
“We have made substantial progress over the last 10 days but there are still things to be worked on and we will reconvene next week,” said Enrique Mora, the EU official in charge of coordinating diplomacy in the Austrian capital. “The spirit of compromise is high.”
News
May 19, 2021
Oil plunged to the lowest level in three weeks alongside a broader market decline with traders also concerned about growing supply from the U.S. and Iran.
News
May 18, 2021
Prices were already weak earlier in the session after Brent futures failed to sustain a rally past the key psychological $70-a-barrel mark, which it hasn’t closed above since May 2019. Meanwhile, concerns are lingering around the worsening Covid-19 crisis in India.
News
May 17, 2021
Crude is up over 4% so far this month, though a further price breakout is being held back by a tepid recovery in Asia, where the coronavirus is crippling key importer India, and Singapore and Taiwan grapple with new outbreaks.
News
May 17, 2021
State-controlled National Iranian Oil Co. has been priming oil fields -- and customer relationships -- so it can increase exports if an accord with the U.S. is clinched. But even if a deal is struck, the flow of additional crude into the market may be gradual.
News
May 11, 2021
U.S. companies stand to play a significant role in the road to a lower-carbon future on the continent, and to continue leading some of the most important markets in the energy industry.
News
May 07, 2021
Oil posted a gain this week as expectations for growing economic activity in nations from the U.S. to Europe fueled optimism around stronger summer demand.
News
May 05, 2021
As the Biden Administration aims to significantly increase federal investment in renewable energy under the American Jobs Plan, the United States already ranks as the most attractive market for renewables investment, according to results from a new ranking by IHS Markit.
