Industry & Analysis
News
June 20, 2025
Brent crude oil futures remain capped below the $80/bbl mark, as the crisis enters its second week with no clear resolution in sight, Rystad Energy analysts stated. The U.S. has signaled a potential two-week window for possible military action, while still leaving room for diplomacy.
News
June 22, 2025
Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to U.S. airstrikes will lead to a disruption in crude flows that have been largely unaffected so far.
News
June 20, 2025
A week since Israel and Iran started to exchange missile barrages, oil tanker transits through the critical Strait of Hormuz have remained largely steady, according to Bloomberg's vessel tracker.
News
June 20, 2025
Oil slumped after President Donald Trump signaled a decision on whether to strike Iran will be made within two weeks, easing fears about an imminent attack from the U.S.
News
June 18, 2025
During its June 2025 Commissioners' Conference, the Railroad Commission of Texas (RRC) assessed over $1.4 million in penalties on oil and gas operators for violations. The RRC is the state agency responsible for regulating the oil and gas industry in Texas, including pipeline safety.
News
June 18, 2025
U.S. oil inventories dropped 11.5 million barrels in the week through June 13, the steepest slide since late June 2024, according to data released Wednesday by the U.S. Energy Information Administration (EIA).
News
June 18, 2025
Oil swung in a turbulent session amid speculation the U.S. may join the Middle East conflict. The oil market’s main concerns are flows from Iran and the threat to vessel traffic in the Strait of Hormuz, through which about a quarter of the world’s crude shipments flow.
News
June 18, 2025
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating their taxable income. Companies including ConocoPhillips, Ovintiv Inc. and Civitas Resources, Inc. lobbied in favor of it.
News
June 17, 2025
At an open meeting on Tuesday of the Railroad Commission of Texas, Commissioner Jim Wright was unanimously elected to serve as Chairman. “It is a high honor to serve the citizens of Texas as Railroad Commissioner," commented Wright.
News
June 17, 2025
Petrobras, Exxon Mobil Corp. and Chevron Corp. have won exploration rights in Brazil’s Equatorial Margin, betting that the nation’s environmental regulator will finally open the promising offshore oil region for drilling after years of delay.
Article
May 2025
So, you may be asking yourself, “what do data centers and ESG in the oil field have in common,” and why am I talking about data centers in an oil and gas ESG column? Well, believe it or not, it’s all related, but first let me give you some background.
News
June 13, 2025
Leaders from both the American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) jointly issued statements on Friday as U.S. President Trump signed into law a series of bills overturning California's electric vehicle mandates.
News
June 13, 2025
Oil jumped and stocks slid after Israel attacked Iran’s nuclear program facilities and killed senior military commanders in a significant escalation of tensions in the Middle East. Brent crude gained 7.6%, having earlier surged as much as 13% in the biggest intraday jump since March 2022.
News
June 12, 2025
The U.S. Environmental Protection Agency (EPA) has announced a proposal to reverse rules dictating CO2 emissions for fossil fuel-based power plants. Texas Railroad Commissioner Wayne Christian voiced his support in a statement Thursday.
News
June 12, 2025
“We applaud the Senate Committee on Energy and Natural Resources for taking bold action to restore American energy leadership," said American Petroleum Institute CEO and President Mike Sommers.
News
June 11, 2025
While the current conflict with Russia may not inspire a great deal of optimism, the chairman of Naftogaz’s Supervisory Board says he can see better days ahead for Ukraine’s upstream sector, once the war comes to an end.
News
June 10, 2025
U.S. oil output is now expected to slip to 13.37 million bpd in 2026 from about 13.42 million bpd from 2025, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
News
June 10, 2025
ADNOC Gas has reached final investment decision (FID) and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company’s largest-ever capital investment.
News
June 09, 2025
The chances that a rival oil company will take over bp Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co.
News
June 09, 2025
OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said.
News
June 06, 2025
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement following the National Highway Traffic Safety Administration's final rule declaring the Biden-era Corporate Average Fuel Economy (CAFE) standards exceeded the department's authority.
