Industry Trends
News
March 01, 2023
The sale is part of Shell’s strategy to create a resilient and competitive Upstream portfolio by focusing on positions with high growth potential and a strong integrated value ch
Article
February 2023
Crude prices inched up in January, as the prospect of increased Chinese demand offset the apprehension that inflation and steadily rising interest rates would trigger a global economic recession.
Article
February 2023
Green power struggle threatens global energy security
News
February 28, 2023
Since 2003, OHH has given $5.9 million to more than 1,000 oil and gas industry workers and their families. What began as a small fundraising effort for a family facing unforeseen medical expenses, has grown into a national organization.
News
February 28, 2023
The executive’s pitch at the event — one of the city’s biggest fossil fuel conferences — follows the company’s recent announcement that it would cut oil and gas production more slowly than expected this decade.
News
February 20, 2023
The combined measures would create a “holistic approach to pressure Russia” in the coming weeks, Estonian Foreign Minister Urmas Reinsalu told reporters in Brussels.
News
February 16, 2023
The report by Airswift, the global workforce solutions provider to the STEM industries, finds that, with oil and gas majors posting record profits, 44% of oil and gas workers saw their pay increase last year and two-thirds expect further salary rises next year. 41% expect bumper pay rises of over five per cent next year.
News
February 16, 2023
Forty governments took part in a Special IEA Ministerial meeting on natural gas markets and supply security, discussing additional ways to work together to limit the impacts from the global energy crisis triggered by Russia’s invasion of Ukraine and proposing measures to support affected countries.
News
February 15, 2023
The agency raised global demand estimates by a hefty 500,000 bpd for the first quarter, and by just under half as much for the year as a whole. As a result, world consumption will climb by 2 MMbpd this year to average 101.9 MMbpd.
News
February 14, 2023
The Organization of Petroleum Exporting Countries raised its projection for the amount of crude it will need to pump this year by 250,000 bpd to an average of 29.42 MMbpd, it said in a monthly report. Based on OPEC’s current output rates, markets are set to be broadly balanced this year.
News
February 09, 2023
Renovations include air and water quality improvements, safety upgrades and an overall streamlined production process which enables faster turnaround times for customers.
News
February 05, 2023
Employment in the U.S. oilfield services and equipment sector rose by an estimated 3,069 jobs to 652,090 in January, according to preliminary data from the Bureau of Labor Statistics after adjustments to December numbers and analysis by the Energy Workforce & Technology Council.
News
February 02, 2023
U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.
News
February 02, 2023
(WO) — The Offshore Technology Conference will recognize Skip Ward, Ph.D. for Individual Achievement, Exxon Mobil’s Liza Development project in Guyana for Company Achievement, and Guodong Zhan, Ph.D. for Special Citation, as the recipients of the 2023 Distinguished Achievement Awards.
News
February 02, 2023
(WO) — Offshore Energies UK, the trade body for the UK’s offshore energy industries and supply chain companies, said calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers — because such a levy would breach global tax agreements and so could never be implemented.
News
January 26, 2023
Sommers outlined the three components of API’s policy plan unveiled during its annual State of American Energy event, during which members of Congress from both sides of the aisle voiced support for American energy leadership, including durable permitting reform to unleash energy development and an all-of-the-above approach to building a lower carbon future.
News
January 26, 2023
The tsunami of cash generated by the group over the past 12 months means the industry can sustain dividend increases and share buybacks, analysts said. Crucially for shareholders, management teams held off on spending increases as commodities boomed, in stark contrast with previous cycles.
News
January 25, 2023
The MOU aims to establish cooperation and a constructive partnership between both organizations by advancing the use and implementation of API standards in the Well Done Foundation’s activities.
News
January 18, 2023
Harbour Energy, the North Sea's biggest oil and gas producer, has told staff it plans job cuts, linked to the windfall tax imposed on the UK sector last year. The jobs would be cut in Harbour Energy's headquarters in Aberdeen.
News
Ace Oil Tools becomes Ace Well Technology to reflect commitment to technology across energy industry
January 13, 2023
Ace Well Technology selected the new name and visual identity to better reflect the broader applications of the product portfolio while retaining strong links to the company’s history.
News
January 11, 2023
With this addition, H&P joins an impressive roster of top-tier companies committed to responsibly developing resources in the Permian Basin while improving residents' quality of life in West Texas and Southeastern New Mexico.
