Industry Trends
News
December 11, 2019
Following the theme Innovative Energy Solutions, the program will feature eight high-level plenary sessions across five days, with several global leaders from the oil and gas sector now confirmed to speak.
News
December 10, 2019
With its campaign to diversify the economy and efforts within OPEC, Saudi Arabia’s focus is on trying to “bring stability” to its revenue and the market, Finance Minister Mohammed Al Jadaan said in an interview.
News
December 09, 2019
Oil doubters got a surprise from Saudi Arabia on Friday: a pledge of deeper production cuts that sent futures surging for their best week since June.
News
December 06, 2019
A Denver-based company that installs data centers at shale drilling sites to take advantage of excess natural gas supplies says it now has eight operations across the U.S. and plans another 30 in the first half of next year.
News
December 04, 2019
Repsol’s announcement this week that it will eliminate emissions from its business by 2050 throws down the gauntlet to competitors as large oil companies face mounting investor pressure to clean up their act.
News
December 02, 2019
Natural gas prices capped their biggest November drop since 2001 as forecasts showed no sign of the teeth-chattering U.S. cold needed to boost demand for the heating fuel.
News
November 28, 2019
Almost 40% of North Sea operators and contractors are concerned about diversification and energy transition with around half (49%) working to reduce their carbon footprints or develop low carbon solutions, according to an industry report.
News
November 27, 2019
Shale wildcatters, after years eye-rolling at skeptics, are now saying global analysts are underestimating just how severe the industry’s slowdown is.
News
November 27, 2019
More free time for analysts usually means a lot less interest in the sector they cover.
News
November 25, 2019
A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance.
News
November 25, 2019
Oil steadied near $58/bbl as China made a concession that could help resolve trade tensions with the U.S. that have weighed on the global economy and fuel demand.
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November 22, 2019
Banks have begun trimming back the credit lines of America’s shale producers, further undercutting a beleaguered industry that’s been struggling to rebuild investor confidence.
News
November 21, 2019
OPEC may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are once again threatening supply.
News
November 19, 2019
The views of the three big oil forecasting agencies on changes in inventory levels next year have diverged over the past month, as the outlook from two of them becomes slightly more positive for producers.
News
November 19, 2019
The Norwegian Petroleum Directorate’s preliminary production figures for October 2019 show an average daily production of 1.82 MMbblof oil, NGL and condensate, an increase of 264,000 bpd compared to September.
News
November 15, 2019
The World Petroleum Council announced today that 2,000 abstracts were received for the 23rd World Petroleum Congress (WPC) Call for Papers – the highest number of submissions ever achieved in the history of the Congress.
News
November 14, 2019
OPEC signaled that oil markets remain on course for a surplus in early 2020, even as delegates said the organization and its allies probably won’t step up efforts to remove the excess when they meet next month.
News
November 14, 2019
Dallas Cowboys owner Jerry Jones is among the billionaires circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors.
News
November 13, 2019
About $83 billion of outstanding debt issued by explorer and producer companies in the U.S. and Canada is yielding at least 10%, the typical threshold for distressed debt.
News
November 13, 2019
Oil advanced for the first time in three days after a report that OPEC sees a potential reduction in supply from outside of the group.
News
November 13, 2019
The IEA’s report tracks the different paths the world can take, with government policies shaping the energy industry. While clean energy leaves some reason for optimism, the gap is widening between what scientists say is necessary to protect the environment and how industry’s energy needs are evolving.
