Industry Trends ///
Talks between the U.S. and China to resolve their year-long trade standoff appeared to be on life-support Monday, with Beijing struggling to respond to tweets by President Donald Trump that threaten an escalation of tariffs by the end of the week.
South Africa signed a deal on an oil block in South Sudan as part of a $1-billion investment in the country emerging from civil war.
Occidental Petroleum Corp. moved a step closer to sealing its proposed $38-billion acquisition of Anadarko Petroleum Corp. after it sweetened its offer and agreed to sell assets owned by the target company.
The Abu Dhabi National Oil Company (ADNOC) has announced that more than 300 young Emiratis have expressed interest in working for the company during ADNOC Technical Academy’s (ATA) 2nd annual ‘Open Day’, where the prospective students and their families learned how ATA’s training program is equipping its students with the skills and tools needed to pursue potential careers in the oil and gas industry – particularly, within ADNOC’s various operating companies.
Eni SpA’s plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation.
Occidental Petroleum Corp.’s bombshell investment from Warren Buffett is the culmination of almost two years of on-and-off-again wrangling with Anadarko Petroleum Corp. -- a saga that’s, so far, seen the company slip through its fingers several times.
Energy skills body OPITO has set out a strategy to prepare the UK oil and gas industry for a shift in skills requirements over the next six years.
Asian refiners are asking Saudi Arabia for more crude as buyers in the world’s top oil-consuming region face supply disruptions from Iran to Venezuela.
The Abu Dhabi National Oil Company (ADNOC) has announced that the ADNOC Technical Academy (ATA) will host its second annual ‘Open Day’ on Saturday, May 4, 2019 from 9:00 a.m. to 2:00 p.m. at ATA’s Al Shawamekh campus.
Oil slipped again, extending its biggest retreat in two months, after U.S. President Donald Trump renewed his push for lower prices and Russia said it would soon resolve a problem with contaminated supplies.
Anadarko Petroleum Corp. is “preparing to endorse” Occidental Petroleum Corp.’s $38-billion takeover offer, the Financial Times reported, a move that threatens to scupper a previously agreed deal with Chevron Corp.
In an effort to address diversity in the oil and gas industry, the Petroleum Equipment and Services Association (PESA) has provided member companies with a toolkit to help further progress towards each organization’s diversity and inclusion goals.
After managing to revive oil prices through production cutbacks, OPEC now risks squandering its victory again by letting crude surge too high.
Solaris is closing in on water deals with other companies as explorers increasingly outsource one of the key components of fracing.
A group called Extinction Rebellion targeted the Anglo-Dutch oil major as part of a days-long event in which it disrupted public areas throughout London with banners and props. The actions were designed to draw attention to the use and production of fossil fuels.
Halliburton Company is pleased to announce the City of Houston declared Wednesday, April 10, 2019, as Halliburton Day in honor of the company’s 100 years of growth, innovation, and unparalleled customer service.
New legislation will help reduce climate pollution by phasing out gas-powered light-duty vehicles and making zero-emission vehicles (ZEV) more available and affordable for British Columbians.
The future of the oil market may resemble the past―specifically the 1990s― according to Goldman Sachs Group.
Shell has announced a program to invest in natural ecosystems as part of its strategy to act on global climate change, including addressing carbon dioxide (CO2) emissions generated by customers when using its products. Shell plans to invest $300 million over the next three years.
Shell agreed to sell LNG to a Japanese utility at prices that include a link to coal to diversify risks.