Industry & Analysis
News
February 04, 2025
The American Petroleum Institute (API) and Energy Workforce & Technology Council (EWTC) have both issued statements of support following the U.S. Senate’s confirmation of Chris Wright to lead the U.S. Department of Energy.
Article
January 2025
As this is being written, the new administration of President Donald J. Trump has been in office roughly a week. And to say that his start has been at a record-setting pace with unmatched action for a first week would be an understatement.
News
February 03, 2025
(Bloomberg) – OPEC+ declined to alter its existing oil-production plans at a review meeting on Monday, even as President Trump called for lower crude prices. A panel of key members maintained plans to keep a lid on crude supplies for Q1 2025, according to statements.
News
January 31, 2025
(Bloomberg) – Oil prices went up this week after President Trump announced the U.S. would impose tariffs on a wide range of imports, including oil and gas. The decision could impact flows across North America's tightly integrated market.
News
January 31, 2025
(Bloomberg) – Tullow Oil Plc said it will consider selling non-core assets while it plans to repay bonds maturing soon with a mix of cash and available credit lines. Tullow borrowed billions of dollars during its free-spending days searching for new oil basins.
News
January 29, 2025
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement of support on the Senate’s confirmation of former Congressman Lee Zeldin to lead the U.S. Environmental Protection Agency.
News
January 29, 2025
(Bloomberg) – Oil edged lower as traders weighed the possible fallout from President Trump’s planned tariffs on major U.S. crude supplier Canada and other countries. The market was also watching reports OPEC will evaluate potential changes to America’s energy policy.
News
January 29, 2025
Enverus Intelligence® Research (EIR) has published its summary of Q4 and full-year 2024 upstream M&A activity, reporting $105 billion in U.S. upstream deals closed in 2024, the third highest total tracked by Enverus analysts.
News
January 24, 2025
(Bloomberg) – New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said.
News
January 24, 2025
(Bloomberg) – President Donald Trump’s Environmental Protection Agency is considering rescinding California’s permission to tackle climate change through stringent automobile pollution limits, the administration said in a U.S. Supreme Court filing.
News
January 23, 2025
VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada.
News
January 22, 2025
(Bloomberg) – U.S. President Donald Trump’s pledge to unlock more of that country’s vast stores of energy will likely lower Kenya’s consumer price growth, according to the chief of the African nation’s central bank.
News
January 21, 2025
Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit.
News
January 21, 2025
The Energy Workforce & Technology Council (EWTC) and American Petroleum Institute (API) have both issued statements applauding President Trump's swift and decisive action on Day 1 to unleash American energy.
News
January 21, 2025
With the inauguration of U.S. President Donald Trump on January 20, the future of American involvement in Africa’s energy sector is set for a significant shift. President Trump’s approach to energy has consistently focused on strengthening American interests, particularly by prioritizing domestic energy production.
News
January 21, 2025
Nigeria ranks as Africa’s top destination for upstream oil and gas investment in 2024, research from Wood Mackenzie shows. The African Energy Chamber commends Nigeria for its dedication to simplifying policies and facilitating market growth in the energy sector.
News
January 21, 2025
MAGA Republican leaders, the so-called ‘climate deniers’—and its leader (Trump) label climate change a “hoax.” What does this mean for climate policy and the energy transition in the U.S.? And will the change in U.S. policy affect European policy as well?
News
January 21, 2025
(Bloomberg) – U.S. President Donald Trump revoked offshore oil and gas leasing bans that effectively blocked drilling in most U.S. coastal waters as he made sweeping moves his first hours in office to unleash American energy development.
News
January 17, 2025
The American Petroleum Institute today joined with the states of Alabama, Alaska, Georgia, Louisiana and Mississippi in filing a challenge to the Biden administration’s ban on new oil and natural gas leasing across millions of acres of federal waters.
News
January 17, 2025
(Bloomberg) – The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation requirements days before President-elect Donald Trump takes office.
News
January 14, 2025
“American energy was on the ballot, and American energy won,” said API executives on a media call prior to Tuesday’s 2025 State of American Energy event. API leaders shared insights into the industry and where they expect it to head under 2025’s incoming Trump administration.
