Industry & Analysis
News
May 19, 2024
The leasing rule’s impact will deter development of federal oil and gas, disproportionately affect small companies, effectively close eligible and available lands to new leasing, and violate BLM’s duty to promote oil and gas development as a multiple use of federal lands, according to the Western Energy Alliance.
News
May 19, 2024
The driving force behind Chevron’s strategy to buy Hess is winning its 30% stake in a massive oil field offshore Guyana, the world’s largest and most profitable crude discovery of the past decade. Exxon owns 45% of the site and is the operator.
News
May 16, 2024
Brazil President Luiz Inacio Lula da Silva will push the new head of Petrobras to speed the pace of investments into refineries and expand its natural gas supplies after ousting the state-run oil company’s chief executive officer, people familiar with his plans said.
News
May 15, 2024
Railroad Commission of Texas commissioners voted to refer a new Environmental Protection Agency (EPA) greenhouse gas emissions rule to the Office of the Attorney General to file a lawsuit to challenge the rule in federal court.
News
May 15, 2024
The United Arab Emirates, Kazakhstan, Iraq, Kuwait and Algeria are among countries who’s potential to pump more next year is under scrutiny, according to people familiar with the discussions. Some have pushed for an upward revision, causing tough talks with the outside consultants that are judging the matter, they said.
News
May 14, 2024
The hedge fund agrees with Institutional Shareholder Services Inc. that shareholders should not vote in favor of the deal, one of the firm’s partners, Nikos Panagiotopoulos, said in an interview.
News
May 14, 2024
The company is looking at other drilling companies for potential acquisitions as it seeks to expand regionally in countries such as Kuwait and Oman, ADNOC's CFO said in an interview.
News
May 13, 2024
The new standard merges different design methods (Working Stress Design and Load and Resistance Factor Design or partial safety factor) into a unified approach. Through this consolidated method, components are made to withstand different kinds of stresses, and extensive tests will ensure they meet safety standards under specific conditions.
News
May 13, 2024
ISS cited concerns about the deal’s valuation, process and uncertainty around its timeline given the ongoing arbitration case between Exxon Mobil Corp. and Chevron over Hess’ stake in a Guyanese oil project. Shareholders should vote in favor of an adjournment proposal to allow “more time” for arbitration to play out, ISS said.
Article
April 2024
Ensuring energy security: A call to action for Europe's future
News
May 10, 2024
Commissioner Wayne Christian applauded the news that 27 states’ Attorney Generals filed lawsuit against the Environmental Protection Agency (EPA) over their new rules for fossil fuel-based power plants dictating carbon dioxide emissions.
News
May 09, 2024
Despite a slight decrease of -3,263 jobs in the U.S. oil field services sector in January 2024, the U.S. oil field job market still shows potential for growth following adjustments to March numbers.
News
May 08, 2024
The American Petroleum Institute (API) has signed a memorandum of understanding (MOU) with the Brazilian Petroleum and Gas Institute (Instituto Brasileiro de Petróleo e Gás — IBP). This agreement formalizes an important alliance aimed at strengthening collaboration and technical exchanges between both organizations and members.
Article
April 2024
Faced with ongoing uncertainties ranging from the fall elections to the global oil market and the LNG “pause,” U.S. producers are holding activity steady.
News
May 07, 2024
ADNOC Gas is well-positioned to benefit from ADNOC’s planned expansion of oil production capacity to 5 MMbpd by 2027, which will contribute to an increase in associated gas production.
News
May 07, 2024
The Energy Department announced Tuesday it was seeking as much as 3.3 MMbbl of crude oil in October for the Strategic Petroleum Reserve after a rise in oil prices led the agency to cancel a similar proposal last month on grounds it wasn’t in the taxpayer’s best interest.
News
May 07, 2024
Exxon Mobil Corp. plans to establish a single North American research and technology hub at its Houston headquarters, resulting in the closure of campuses in Clinton, New Jersey, and Sarnia in Ontario.
News
May 06, 2024
The American Petroleum Institute's concerns include "flawed methodologies that could lead to inaccurate reporting of higher GHG emissions and increased taxes on American energy at a time of geopolitical instability and economic inflation," said Vice President of Corporate Policy Aaron Padilla.
News
May 06, 2024
Exxon Mobil Corp. Chief Executive Officer Darren Woods foresees arbitration with Chevron Corp. over a premier asset offshore Guyana stretching into 2025 due to the importance of the case to both companies.
News
May 05, 2024
The United Arab Emirates, Kazakhstan and Iraq stand to bolster their combined capacity by more than 300,000 bpd from next year. Abu Dhabi has signaled an even bigger increase, with state producer ADNOC advertising this week it has bolstered its capabilities by 200,000 bpd to 4.85 MMbpd.
News
May 03, 2024
Petroleo Brasileiro SA, as the state-run company is formally known, must speed up studies that will help it curb the amount of gas injected back into oil reservoirs to boost crude production, Silveira said in an interview. That will free up more gas for sale. Petrobras - and other oil majors - should also invest in new gas pipelines to increase domestic supplies, he said.
