Industry & Analysis
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.
News
January 29, 2024
The White House blamed Iranian-backed militias for the assault on U.S. soldiers, which was denied by Tehran, while Houthi rebels claimed responsibility for the attack on the ship. Here’s what five oil analysts say about the outlook and impact on the oil market:
News
January 28, 2024
A well-executed Opening Gala Reception kicked off this year’s Baker Hughes Annual Meeting in Florence, Italy, highlighted by extensive product displays, welcoming remarks from the city and company, operatic entertainment, and some fine local food.
News
Restricting LNG exports harms global energy production and national security, Energy Workforce warns
January 28, 2024
Energy Workforce and Technology Council released a statement warning of the critical impacts that will be felt on both a national and international scale if the administration moves forward in halting permits for U.S. LNG export facilities.
News
January 26, 2024
On Friday, Jan. 26, 2024, World Oil hosted its 56th annual Forecast Breakfast at the Norris Conference Center in Houston, Texas. In an event described as a “first look” at upcoming upstream oil and gas trends, approximately 340 professionals from across the sector gathered for an early-morning meal to hear projections, data and analysis on global E&P from industry experts.
News
January 26, 2024
Saudi Aramco, the world’s largest oil company, is continuing to send tanker loads of crude and fuels through the southern Red Sea, where Houthi militants have for months been menacing merchant ships in response to the Israel-Hamas war in Gaza.
News
January 26, 2024
Oil prices have so far shown a muted response to the additional 900,000 bpd supply reduction being undertaken by OPEC and its partners, which comes alongside geopolitical tensions including a conflict in the Middle East and attacks on shipping in the Red Sea.
News
January 26, 2024
The Biden administration on Friday officially halted the approval of new licenses to export U.S. liquefied natural gas (LNG) while it scrutinizes how the shipments affect climate change, the economy and national security — a moratorium likely to disrupt plans for billions of dollars in projects.
Article
January 2024
Despite expanding tensions in the Middle East, fresh instability in the Red Sea and the war in Ukraine, benchmark crude prices fell again in December, with Brent down 6.4% to $77.63/bbl, while WTI declined 7.5% to average $71.90/bbl.
Article
January 2024
ESG testing drilling engineers
Article
January 2024
2024: The two lies of exploration
Article
January 2024
Argentina’s new president offers common sense approach
Article
January 2024
While there was little change in activity from the third quarter of 2023 to the fourth quarter, there are some negative trends developing that have operators concerned. Yet, there is hope that 2024 can be a marginally better year.
News
January 25, 2024
In a letter to Secretary Granholm and senior administration officials, the groups emphasized the critical role that continued U.S. LNG exports play in safeguarding national security, creating U.S. jobs, supporting our European allies and contributing to global climate goals.
News
January 25, 2024
U.S. LNG is critical for helping Europe replace Russian gas. If the administration moves forward with this, it would undercut President Biden’s own pledge to send roughly 5 Bcfd of LNG through 2030 to Europe to help end its dependence on Russian gas.
News
January 24, 2024
A halt in approvals or other significant changes to Energy Department reviews of plans to widely export liquefied natural gas (LNG) threaten to disrupt development of huge LNG terminals along the Gulf Coast and elsewhere.
News
January 24, 2024
Perth-based Woodside forecasts production of 185 MMboe to 195 MMboe in 2024, of which about 45% of output will be LNG.
News
January 23, 2024
Coretrax, a global provider of oil and gas well integrity and production optimization, is set for further growth with five multi-year contract wins secured for 2024 and plans to grow its footprint in Asia Pacific by a further 30% this year.
