Industry & Analysis
News
February 14, 2024
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to support their economic growth, according to Shell’s LNG Outlook 2024.
News
February 14, 2024
Diamondback Energy Inc.’s blockbuster deal for Endeavor Energy Resources LP makes the company’s shares the best way to invest in the prolific Permian basin in Texas, according to Tortoise Capital Advisors LLC.
News
February 13, 2024
World consumption will increase by 1.2 MMbpd to 1.3 MMbpd in 2024 as economic growth slows in China and elsewhere, Executive Director Fatih Birol said. This will be easily matched by swelling production from the Americas, predominantly the U.S., Canada, Brazil and Guyana.
News
February 13, 2024
Some forecasters predict that oil demand will hit a maximum in the coming years, as countries switch to renewable energy and electric vehicles in an effort to avoid damaging climate change. The International Energy Agency in Paris anticipates a peak before the end of this decade. OPEC has been a notable exception to this view.
News
February 13, 2024
Investors have been looking for clues on Woodside’s next move after talks to create a A$86 billion ($56 billion) company with Santos ended. Santos’s portfolio would have made Woodside one of the biggest LNG producers in the Asia-Pacific, but executives warned any deal would need to reflect low premiums in recent oil and gas transactions.
News
February 13, 2024
The acquisition of Coretrax will enable Expro to expand its portfolio of cost-effective, technology-enabled well construction and well intervention & integrity solutions, particularly across the North and Latin America, Europe and Sub-Saharan Africa and Middle East and North Africa regions.
News
February 12, 2024
Nasser’s projections are roughly half-way between forecasts from OPEC — the producer group led by Riyadh — and its counterpart representing consuming nations, the International Energy Agency. It’s in line with views from major traders such as Vitol Group and Gunvor Group Ltd.
News
February 12, 2024
In their letter, the groups express "serious concerns regarding the impact of the Environmental Protection Agency’s (EPA) new methane emissions regulations (Subparts OOOOb and OOOOc) and the Methane Emissions Reduction Program (Methane Tax) on oil and gas marginal well owners.
News
February 12, 2024
The administration’s pause has potential implications for more than a dozen proposals now awaiting review at the Energy Department, including ventures in Louisiana by Commonwealth LNG and Energy Transfer LP.
News
February 11, 2024
The surge in oil and gas industry mergers and acquisitions — marked by a series of megadeals among oil and gas producers last year — is set to ramp up further in 2024 as interest rates decline, Enbridge Inc. Chief Executive Officer Greg Ebel said.
News
February 09, 2024
CEO Nick Dell’Osso said the government’s “unfortunate” move will ultimately get resolved, but LNG projects take years to complete, “so a one-year pause, if it is a full year, is meaningful.”
News
February 09, 2024
This innovative Service reaffirms API’s position as the original source for API standards and technical documents, while advancing its mission of promoting a safety culture and reducing risk and liability within the oil and gas industry.
News
February 09, 2024
The UK’s offshore energy industry has warned 42,000 jobs and £26billion of economic value would be wiped out under new Labour proposals to extend the windfall tax on UK oil and gas producers.
News
February 08, 2024
The collaborative energy innovation platform announced its rebrand and specialty board of advisors with executives from Nike, XPRIZE, and change-making innovators and entrepreneurs.
News
February 08, 2024
In a letter sent to Energy Secretary Jennifer Granholm, the House Committee on Science, Space, and Technology asks why the department’s study on how LNG shipments affect climate change, the economy and national security is needed and how the analysis will differ from previous studies on the issue.
News
February 07, 2024
The new standard of 9 µg/m3 is near naturally occurring levels of fine particles and will place nearly 40 percent of the U.S. population in areas of nonattainment. This will lead to new controls on both industrial and non-industrial sources, creating new permitting challenges while jeopardizing nearly $200 billion in economic activity and as many as one million jobs.
News
February 07, 2024
EQT has several nonbinding deals with LNG developers in the U.S., including Texas LNG LLC, Energy Transfer LP’s Lake Charles and Commonwealth LNG. The pause most affects Energy Transfer and Commonwealth, as well as Venture Global LNG Inc.’s CP2 in Louisiana, that are moving forward with export projects.
News
February 07, 2024
Woodside Energy Group Ltd. and Santos Ltd. have ended tie-up talks that would have created an Australian gas export powerhouse, leaving the smaller Adelaide-based producer under pressure to consider asset sales and other options to boost its lagging valuation.
News
February 06, 2024
With the contract, Danos team members will bring a wealth of technical expertise to oversee the scheduling of offshore projects and logistics for Shell’s construction, coatings and maintenance activities.
News
February 06, 2024
BP's earnings announcement caps a tumultuous few months that saw the abrupt resignation of former CEO Bernard Looney, a swell of rumors that it was a potential takeover target, and most recently calls from activist investor Bluebell Capital Partners to divert spending from renewables into oil and gas.
News
February 05, 2024
Australia’s oil and gas industry has called on the government to use the Federal Budget to urgently unlock new gas supply to avoid forecast shortages, put downward pressure on prices and secure the economic and emissions reduction benefits of the country's abundant natural gas resources.
