Industry Trends ///

LNG may replace coal in Vietnam's $7.8 billion power project

Vietnam’s latest plans for $7.8 billion in gas-fired power projects may see the nation become one of the world’s newest LNG importers and cut its coal use.

As U.S. oil supply grows, so does its influence on global prices

For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of Rotterdam.

CWT Energy, Resources & Marine has launched ERM mobility

CWT Energy, Resources and Marine, a unit of global travel management company CWT, has launched a brand new version of ERM mobility, a powerful workflow management platform that allows companies to manage complex travel needs through one single interface, reducing complexity, speeding up processes, boosting safety, and saving money.

NACE International has launched new website

NACE International, the nonprofit association and leading resource for corrosion expertise and education,

U.S. oil waivers that rocked market in 2018 coming back to focus

Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year.

Eni will plant forests to eliminate CO2 from its oil operations

Eni SpA committed to eliminating all carbon dioxide emissions from its oil and gas exploration and production operations by the end of the next decade, in part by planting forests on a large scale.

CERAWeek 2019: LNG key factor in energy transition

On the third day (Wednesday, March 13) of CERAWeek by IHS Markit, the industry’s business leaders outlined global economic trends, shifting geopolitics, emerging government policies and advances in technologies.

OPEC urges oil producers to prevent return of surplus this year

OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year, as supplies from their rivals increase faster than world demand.

CERA Week 2019 Day 2 - Leadership

During Day 2 of CERAWeek 2019, the leadership dialogue continued with Chevron Chairman of the Board and CEO Mike Wirth, who spoke to the crowd about Chevron’s goals in the Permian basin and Gulf of Mexico.

Targets needed to get more women in oil: Shell's U.S. head

Targets needed to get more women in oil: Shell's U.S. head

Oil options trading jumps as large producer is said to hedge

Global oil options markets this week were the busiest since November after a flurry of buying from what appeared to be a large producer protecting against a drop in prices.

U.S. cuts oil production forecast for the first time in six months

The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico.

Canadian oil sands' new growth stymied by pipeline delays

Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production.

Offshore oil, gas exploration strengthens Land and Water Conservation Fund

Yesterday, the Florida Petroleum Council welcomed the permanent re-authorization of the Land and Water Conservation Fund (LWCF) into law as part of the public lands bill, S. 47 (116).

Senate Energy Committee leaders say they get along fine

If they said it once, they must have said it five times: Senate Energy Committee Chairman Lisa Murkowski (Rep.–Alaska) and Ranking Minority Member Joe Manchin (Dem.-W.V.) wanted the late-afternoon crowd on Monday at CERAWeek in Houston to know that they really do get along and work together closely.

CERAWeek 2019 seeks to unravel the "new world of rivalries"

CERAWeek by IHS Markit kicked-off in downtown Houston, on Monday, March 11. The week-long event focuses on providing meaningful dialogue, aimed at solving the various challenges facing the energy industry.

Marathon mimics private equity hunting next big thing in crude

Marathon Oil Corp. is mirroring private equity as it looks for the next big thing in U.S. crude.

Pompeo said to discuss trade, foreign policy with oil executives

U.S. Secretary Of State Mike Pompeo will meet with senior U.S. oil executives in Houston on Tuesday to discuss boosting boost crude exports and advancing America’s position as a global energy powerhouse, according to people with knowledge of the meeting.

Oil rises to one-week high on Saudi cuts and weaker dollar

Crude rallied to the highest in more than a week as traders remained optimistic over Saudi Arabia’s planned production cuts and amid a weaker dollar.

API applauds government focus on timely approvals of LNG export facilities

The American Petroleum Institute issued a statement today supporting the Department of Energy’s (DOE) non-Free Trade Agreement export authorization for Venture Global’s Calcasieu Pass liquefied natural gas (LNG) export facility last week, along with the introduction of a Senate bill designed to speed the Federal Energy Regulatory Commission’s (FERC) reviews of LNG terminals and other energy infrastructure.