http://www.worldoil.com WorldOil U.S. seeks to boost oil royalties to account for climate change https://www.worldoil.com/news/2021/11/26/us-seeks-to-boost-oil-royalties-to-account-for-climate-change The Biden administration on Friday issued a long-awaited blueprint for overhauling oil and gas development on federal lands that includes boosting royalty rates despite high gasoline prices that have spurred demands to accelerate domestic production. Iran seeks to return oil output to pre-sanction levels https://www.worldoil.com/news/2021/11/26/iran-seeks-to-return-oil-output-to-pre-sanction-levels Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome would directly impact the country’s energy-market ambitions. OPEC expected to take cautious approach to oil demand at December meeting https://www.worldoil.com/news/2021/11/26/opec-expected-to-take-cautious-approach-to-oil-demand-at-december-meeting The oil producers’ group OPEC+ will likely take a cautious stance when deciding this coming week whether to go ahead with planned output increases after the emergence of a new coronavirus variant sent crude prices tumbling, according to Vitol Group. Neptune owners seek offers for its $5 billion gas exploration unit https://www.worldoil.com/news/2021/11/24/neptune-owners-seek-offers-for-its-5-billion-gas-exploration-unit Neptune Energy Group Ltd.’s owners are weighing plans to sell the UK oil and gas explorer, according to people familiar with the matter. OPEC considers lowering production to account for oil reserve releases https://www.worldoil.com/news/2021/11/22/opec-considers-lowering-production-to-account-for-oil-reserve-releases OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a coordinated release of their strategic petroleum reserves. U.S. EIA projects declining crude oil prices during 2022 https://www.worldoil.com/news/2021/11/18/us-eia-projects-declining-crude-oil-prices-during-2022 In its November Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that rising production from OPEC+ countries and the United States will lead to global liquid fuels inventories increasing and crude oil prices falling in 2022. Leveraging oil and gas digitalization to emerge from the pandemic https://www.worldoil.com/magazine/2021/november-2021/features/leveraging-oil-and-gas-digitalization-to-emerge-from-the-pandemic Following the pandemic, companies are adjusting operating philosophies to focus more on production optimization and maximize existing investments. This growing need has fueled interest in the latest digital offerings, especially for remote operations, visualization, Edge automation and artificial intelligence. SBM Offshore lands fourth Guyana FPSO contract https://www.worldoil.com/news/2021/11/17/sbm-offshore-lands-fourth-guyana-fpso-contract SBM Offshore has been awarded contracts to perform front end engineering and design for an FPSO for the Yellowtail development project. The FEED contract award triggers the initial release of funds by ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited to begin FEED activities and secure a Fast4Ward hull. Scale of oil’s swing to surplus is next year’s big market puzzle https://www.worldoil.com/news/2021/11/17/scale-of-oil-s-swing-to-surplus-is-next-year-s-big-market-puzzle The oil market is about to swing into a healthy supply surplus, if the world's big international energy forecasters are to be believed. Embracing an Alliance mindset to sustainably unlock offshore production potential https://www.worldoil.com/magazine/2021/november-2021/special-focus/embracing-an-alliance-mindset-to-sustainably-unlock-offshore-production-potential Industry indicators point toward increasing demand for oil and gas, with the offshore market playing an integral role in the short- and long-term energy mix. However, as the offshore industry looks toward an upcycle, the landscape looks different from those of the past.