Industry & Analysis
News
November 06, 2024
Former President Donald J. Trump will be President again, come Jan. 20, 2025, after his historic comeback win in the U.S. presidential election of Nov. 5. World Oil Editor-in-Chief Kurt Abraham gives his take on what change the election results could bring for the oil and gas industry.
News
November 06, 2024
The National Ocean Industries Association (NOIA) issued a statement congratulating President-elect Trump, and expressing belief that the benefits of American offshore energy production transcend political affiliations.
News
November 06, 2024
The Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman issued a statement on the results of the 2024 presidential election, congratulating Trump and expressing enthusiasm for Trump's commitment to energy leadership.
News
November 06, 2024
The American Petroleum Institute (API) President and CEO Mike Sommers have issued a statement congratulating President Trump on his election victory.
Article
October 2024
(WO) -- We’ve all heard plenty of evidence that U.S. operators continue to strive to drill more footage per well to maximize oil production, and World Oil research indicates that both goals are being achieved. That being said, the performance varies among some key states.
Article
October 2024
(WO) – The Middle East has historically been an important contributor to the global oil and gas market, with numerous prolific reservoirs. Accordingly, analysts and investors expect to see some big changes over the next 12 months.
News
November 05, 2024
Nighthawk Completion Services has received a majority investment and growth equity commitment from an investor group led by Bruce Ross, including Backcast Partners and certain energy service executives.
News
November 04, 2024
(Bloomberg) – Some oil explorers are “not satisfied” with South Africa’s industry rules that were signed into law last month, according to a lobby group. The Upstream Petroleum Resources Development Act includes regulations for the ownership and development of oil and gas blocks.
News
November 03, 2024
During its 95th Annual Meeting in Boca Raton, Fla., last week, the Independent Petroleum Association of America (IPAA) announced its new chairman for a two-year term while also revealing its first Chief Roughneck Award winner in five years. The two-day event hosted independent producers from across the U.S.
News
November 01, 2024
(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. beat analysts’ profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices.
News
October 31, 2024
(Bloomberg) -- The U.K. government went no further in toughening up the tax regime for North Sea oil and gas producers than measures already announced, keeping capital allowances in the windfall tax following protests from the industry.
News
October 31, 2024
ADNOC Drilling announced a significant increase in third quarter 2024 revenue, driven by the company's expansion of onshore and offshore fleets, OFS expansion and joint-venture contributions.
News
October 29, 2024
(Bloomberg) — Israel refrained from striking Iran’s energy infrastructure in its long-awaited bombardment of the OPEC nation over the weekend, sending crude prices crashing, and turning many traders' options bets worthless
News
October 29, 2024
(Bloomberg) — The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity following multiple offshore discoveries.
News
October 28, 2024
(Bloomberg) — National oil companies tend to be more bloated and less efficient than their private-sector counterparts. Yet Petroleos Mexicanos, with a workforce of about 128,000, stands out even among its state-owned peers.
News
October 28, 2024
(Bloomberg) — Cnooc Ltd. posted a rise in Q3 profit after the company offset lower crude oil prices with increased output. The state-owned firm has a prominent role in raising output to meet targets for energy security, a task that has greater importance as the geopolitical landscape becomes more uncertain.
News
October 28, 2024
Vantage Drilling International announces the first day of trading its shares on Euronext Growth Oslo. The listing follows a series of value accretive transactions, including the previously announced MoU with TotalEnergies.
News
October 27, 2024
(Bloomberg) — Oil, gas and coal producers stand to gain from a Trump victory in myriad ways, with Trump promising to reverse many Biden policies that have hindered the industry.
News
October 25, 2024
(Bloomberg) — Venezuela’s Vice President Delcy Rodríguez met with Indian energy officials on Friday to explore new oil and gas partnerships between both countries.
News
October 25, 2024
(Bloomberg) — Suriname, which is on the verge of becoming a major South American energy producer, is ruling out more borrowing against future oil production, according to its finance minister.
