Industry Trends ///

Trade war risks escalate following Trump tweets

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 Sudan oil sector sees investment as the country emerges from civil war

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 sweetens the deal for Anadarko, gaining an edge over Chevron bid

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.

ADNOC Technical Academy welcomes more than 300 Emirati students

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 to offset CO2 emissions by saving African forests

Eni SpA’s plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation.

Could Oxy, Buffet deal be the nail in the coffin for Chevron's pursuit?

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.

Oil and gas skills strategy reveals rapidly changing sector

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.

Oil buyers ask Saudis for more crude in supply hunt

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.

ADNOC Technical Academy to host 2nd annual ‘Open Day’ for Emirati students on May 4

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 retreats following Trump's renewed call for lower prices

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 keen on Oxy's $38-billion takeover bid over Chevron, reports suggest

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.

PESA diversity toolkit unveiled

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.

OPEC gambles with success of production cuts as $80 oil looms

After managing to revive oil prices through production cutbacks, OPEC now risks squandering its victory again by letting crude surge too high.

Permian water company Solaris says it's closing in on new deal

Solaris is closing in on water deals with other companies as explorers increasingly outsource one of the key components of fracing.

Shell's headquarters sustain thousands in damage as environmental activists wreak havok

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 Day declared in Houston celebrating OFS company's 100th year

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.

British Columbia legislation moves towards electric cars, CO2 reductions

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.

Goldman draws inferences from 1990s to predict oil’s future

The future of the oil market may resemble the past―specifically the 1990s― according to Goldman Sachs Group.

Shell invests in electric car charging, reforestation globally with $300 million investment

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 sets precedent with deal linking gas prices to coal

Shell agreed to sell LNG to a Japanese utility at prices that include a link to coal to diversify risks.