Industry & Analysis
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.
News
February 05, 2024
Seven coalition members have pledged supply curbs totaling about 900,000 bpd this quarter, in tandem with a 1 MMbpd reduction by group leader Saudi Arabia. They’ll review whether to continue the curbs in about one month’s time, according to officials, who asked not to be identified.
News
February 05, 2024
The No. 2 U.S. oil and gas operator incurred $3.7 billion of charges stemming mostly from assets in its home state of California and the dismantling of decades-old infrastructure in the Gulf of Mexico. Annual production climbed 4%, primarily boosted by rising output in the Permian basin and other U.S. fields.
News
February 04, 2024
The upbeat reports by North America’s biggest crude drillers, fueled by strong output growth from the Permian Basin, follow similar results at Shell Plc, which kicked off the oil and gas industry’s earnings season on Thursday with adjusted net income that was more than $1 billion higher than the average forecast
News
February 04, 2024
We all want clean air and water. We all want to be good stewards of our land and natural resources. And over the last 50 years, America has proven that oil and gas production and a clean environment are not mutually exclusive.
News
February 04, 2024
Tension began rising again in 2015, when U.S. giant Exxon Mobil Corp. discovered massive oil reserves off the Guyanese coast. They flared up last year after Venezuelan leader Nicolas Maduro held a referendum that purportedly showed overwhelming support for his nation’s push to take control of the Essequibo.
News
February 02, 2024
Operators were ordered to come into compliance with Commission rules and assessed $155,900 for oil and gas, LP-Gas, critical infrastructure, or pipeline safety rule violations.
News
February 02, 2024
“Reducing production of LNG actually harms the world achieving net zero sooner rather than later,” Chief Financial Officer Kathy Mikells said during an interview. “It’s a mistake.”
News
February 02, 2024
About a quarter of the drop resulted from disruptions in Libya, which isn’t part of the planned cutbacks, and overall production remains several hundred thousand bpd above the collective limit as Iraq and the United Arab Emirates produce more than their quotas.
News
February 01, 2024
LGG Industrial captures the knowledge, experience, and reputation that serve as the foundation of the company.
News
February 01, 2024
API President and CEO Mike Sommers outlines what's at stake under the Biden administration's LNG permit freeze and warns of the real-world consequences for U.S. allies, American jobs and climate progress.
News
February 01, 2024
Oil prices could top $90 per bbl this year if attacks escalate on ships in the Red Sea, according to the top executive at Brazilian state-controlled oil giant Petroleo Brasileiro SA.
News
February 01, 2024
A panel of key members led by Saudi Arabia recommended no policy changes at an online review meeting on Thursday, according to delegates who asked not to be identified.
News
January 31, 2024
The legislation, “Unlocking our Domestic LNG Potential Act,” was introduced by U.S. Congressman August Pfluger and seeks to place the Federal Energy Regulatory Commission in charge of all LNG export permitting in the United States.
News
January 31, 2024
The acquired assets include Neptune’s participation in the Eni-operated Geng North-1 natural gas discovery, offshore Indonesia, announced in October 2023.
News
January 30, 2024
During the first day of the Baker Hughes Annual Meeting on Monday in Florence, Italy, a U.S. DOE official tried to explain the Biden administration’s sudden move to stop issuing LNG export licenses.
News
January 29, 2024
As the Baker Hughes Annual Meeting entered its first full day in Florence, Italy, on Monday, the firm’s Chairman, President and CEO, Lorenzo Simonelli (Fig. 1), set out an agenda for what he calls “energizing change,” for both his company and the industry as a whole.
News
January 29, 2024
Manchin, a staunch advocate of his home state’s abundant supplies of natural gas, said he would hold a hearing in the coming weeks to “unveil the facts about the true state of play in the markets, this administration’s motivations, and their implications.”
News
January 29, 2024
The U.S. will allow a six-month suspension on sanctions to expire in April if opposition candidate María Corina Machado is barred from running, and is also considering additional measures, according to the officials, who asked not to be identified discussing private deliberations.
Webcast
Oil & Gas Forecast 2024
February 15, 2024
Energy Workforce & Technology Council
Now in its 98th year, the World Oil Forecast is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global E&P activity. Utilizing data collected from proprietary surveys of governments and operators in the U.S. and worldwide, this definitive industry report includes projections for spending and activity, worldwide drilling and production, and an analysis of political factors impacting the U.S. and international oil and gas industry. Now, more than ever this information will help market leaders make decisions relating to their businesses.
News
January 29, 2024
bp’s strategy is flawed because the company is aiming to cut fossil fuel output to support a global objective of having net zero carbon emissions by 2050, a policy goal that is increasingly unrealistic, the hedge fund said.
