Industry Trends
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.
News
November 12, 2019
A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico and off of South America significantly boosting output next year. After that, though, the odds drop for any further growth gains, the report found.
News
November 11, 2019
Delivering the opening keynote address at ADIPEC, H.E. Dr. Al Jaber said the oil and gas industry is being disrupted by new technologies, new business models, new forms of energy and a new geopolitical order, with the rise of Asia.
News
November 11, 2019
Global oil demand may peak within the next 20 years, according to an assessment included in the prospectus for Saudi Aramco’s initial public offering, suggesting views are slowly changing in the kingdom where officials long dismissed the notion as overblown.
News
November 08, 2019
Celebrating its 90th anniversary, the Independent Petroleum Association of America (IPAA) kicked off the first day of its annual meeting Thursday, with two Capitol Hill insiders sorting out the issues for attendees, along with predictions of a tough 2020 election.
News
November 08, 2019
For years, Europe’s top natural gas conferences focused on the boom in deliveries of the cleanest fossil fuel. Now, the gathering is starting to consider the risks piling up from the green movement.
News
November 07, 2019
The U.S. Energy Information Administration reports that changes in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts.
News
November 07, 2019
U.S. shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit.
News
November 07, 2019
“Over $26 billion is to be spent on UK decommissioning by 2030,” said Paul Main, a Wood Mackenzie Ltd. analyst focused on the upstream supply chain. By that time, companies will be spending more on removing redundant oil and gas facilities than developing new fields, he said.
News
November 06, 2019
Oil fell after a report that the biggest producers in OPEC+ aren’t pushing for deeper oil-supply cuts when the group meets next month.
News
November 06, 2019
The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s years-long effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.
News
November 05, 2019
OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that its share of world markets will shrink until the middle of the next decade amid a flood of U.S. shale supplies.
News
November 04, 2019
Futures advanced as much as 1.8% on Monday in New York. Chinese government officials are considering locations in the U.S. where leader Xi Jinping would meet U.S. President Donald Trump to sign a trade accord, people familiar with the plans said.
News
November 04, 2019
Abu Dhabi will begin trading futures contracts of its flagship oil grade in what could eventually become a new price benchmark for a fifth of the world’s crude.
News
November 03, 2019
America’s two biggest oil majors are leaning on booming shale production in the Permian basin to weather the gathering macroeconomic storm of lower oil demand, weak commodity prices and slowing global growth.
News
October 31, 2019
Encana's move south is likely to intensify the gloom already hanging over the Canadian energy industry, which has suffered from a lack of pipeline space that has choked off prospects for growth, prompting foreign companies to ditch more than $30 billion of assets in the past three years.
News
October 31, 2019
A New York courtroom was packed on Wednesday to see ex-Exxon Mobil Corp. CEO Rex Tillerson take the witness stand and explain that the company knew for years how climate change was a significant threat to the world.
News
October 28, 2019
Keynote speakers at the Women’s Global Leadership Conference discussed the critical role that diverse, multi-talented teams play in the future success of the oil and gas industry.
News
October 28, 2019
“Independent, unbiased analysis can shed a light of truth on management projections,” said Nick Volkmer, RS Energy’s vice president of intelligence. “It’s well-known that management teams are often compensated for production and reserves growth, incentivizing optimism and a rosy view of the future.”
News
October 28, 2019
Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results to investors demanding ever-higher payouts.
News
October 25, 2019
Offshore wind power will expand impressively over the next two decades, boosting efforts to decarbonize energy systems and reduce air pollution as it becomes a growing part of electricity supply, according to an International Energy Agency report.
