Industry & Analysis
Article
September 2023
OPEC+ continued to reduce oil supply during a period of record demand, which was sparked by an increase in Chinese consumption and an uptick in petrochemical feedstock requirements.
Article
September 2023
To accelerate net-zero opportunities at pace, E&P companies need to be ESG leaders. To be successful, the industry needs fit-for-purpose policy and voluntary reporting frameworks that maximise giving confidence to the market and stakeholders without a sectorial bias.
News
September 26, 2023
CEO Vicki Hollub said she hadn’t seen evidence of demand destruction yet. Even if oil prices do top $100 a barrel, she doesn’t expect them to stay there long enough to start eroding demand.
News
September 26, 2023
Energy policy needs to balance environmental concerns with affordability and reliability, and remain stable, Chevron CEO Mike Wirth said.
News
September 26, 2023
Shale executives issued calls for the Biden administration to adopt consistent policies that will allow them to drill more. Failure to do so, they warned, will lead to tighter energy supplies and higher prices.
News
September 26, 2023
The three-judge panel ordered the auction take place no later than Nov. 8 but otherwise left in place a lower court order forcing the Interior Department to sell more territory for potential oil development.
Article
September 2023
The extension of the operational lives of deepwater SCRs offers significant benefits in terms of increased production, cost-effectiveness and alignment with ESG principles.
News
September 25, 2023
The Permian Strategic Partnership welcomed its 25th member, Liberty Energy, a North American oil field services firm that offers suites of completion services and technologies to onshore oil and natural gas exploration and production companies.
News
September 25, 2023
Hamm told the standing-room-only crowd inside a Bob’s Steak & Chop House that there should be a full-on resumption of oil drilling permits on federal lands, reversing the policy of President Joe Biden. Not being able to drill more on federal lands has increased energy costs, he said.
News
September 22, 2023
In comments submitted to the Department of the Interior’s Bureau of Land Management (BLM), the associations reiterated the oil and natural gas industry’s longstanding record of responsible development of the United States’ vast natural resources but expressed concern over the damaging impact this rule could have on American energy security.
News
September 22, 2023
Operators were ordered to come into compliance with Commission rules and assessed $74,868 for any oil and gas, LP-Gas, critical infrastructure, or pipeline safety rule violations.
News
September 22, 2023
Workers accepted a proposed settlement on pay and conditions put forward by the country’s labor regulator and will suspend industrial action, the Offshore Alliance, a grouping of two major unions, confirmed Friday in a statement.
News
September 22, 2023
“We are pleased that the court has hit the brakes on the Biden Administration’s ill-conceived effort to restrict American development of reliable, lower-carbon energy in the Gulf of Mexico," said API's Senior Vice President and General Counsel Ryan Meyers.
News
September 22, 2023
The Interior Department’s Bureau of Ocean Energy Management “failed to justify its pivot,” U.S. District Judge James Cain wrote in a 30-page ruling late Thursday.
News
September 21, 2023
Oil ministers and fossil-fuel company executives descended on Canada’s energy capital this week for the World Petroleum Congress. And even as oil prices threatened to break the $100-per-barrel mark, it was the global transition to cleaner energy that was the focus of proceedings.
News
September 21, 2023
The North Sea exploration company is working with Citigroup Inc. to study a range of strategic options, according to the people, who asked not to be identified discussing confidential information.
News
September 20, 2023
While much of the focus remains on consumer measures, the leading representative body for the sector, Offshore Energies UK (OEUK), said an enduring consensus is needed across parties if it is to unlock $213.22 billion of company investment in oil, gas, wind, hydrogen and carbon capture over the next decade.
News
September 20, 2023
The Republican presidential candidate’s plan would encourage more domestic oil development, expand exports and make fossil fuel production central to national security and foreign policy priorities.
News
September 20, 2023
API urged EPA to align its complex methane regulations that apply to U.S. natural gas and oil operations and adopt a timeline for the final methane rule that accounts for the reality of supply chain delays for critical equipment needed in thousands of facilities in producing basins across the country.
News
September 19, 2023
Wirth has held a bullish view on oil for some time. In March, he cited a combination of dwindling spare production capacity around the world and the anticipation that China’s economy will pick up speed again.
News
September 19, 2023
Market expectations indicate that oil prices will “stabilize and move down” over time, Treasury Secretary Janet Yellen said in an interview with MSNBC on Tuesday, adding that that was her own hope and expectation also.
