North America
Article
November 2024
Continuing with the story from prior columns, we’re looking at U.S. drilling activity to see how drilling performance has changed over the last few years and what it might say about how we can advance drilling even further.
Article
November 2024
After four years of often irrational, counterproductive federal policymaking by the Biden/Harris administration, America’s oil and gas industry celebrated the election of Donald J. Trump (Fig. 1) to a second term in office in the Nov. 5 elections.
News
December 01, 2024
(Bloomberg) – Mexican state oil company Petroleos Mexicanos is putting a freeze on new contracts with service providers as the company works to pay off the roughly $20 billion it owes suppliers.
News
November 26, 2024
Exxon says U.S. oil producers won't significantly boost output under Trump, despite calls to "drill, baby, drill," citing economic priorities over political changes.
News
November 26, 2024
An average of 13.4 MMbpd of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration Petroleum Supply Monthly.
News
November 27, 2024
President-elect Trump’s pro-energy agenda includes fast-tracking permits for stalled LNG projects, reversing Biden-era regulatory pauses and increasing leases on federal land for gas production. This could strengthen the sentiment around global LNG supply after years of uncertainty.
News
November 25, 2024
BP Plc anticipates strong growth in the U.S. as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.
News
November 28, 2024
Empire Petroleum Corporation announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank, increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026.
News
November 22, 2024
ConocoPhillips today announced that it has completed its acquisition of Marathon Oil Corporation. The integration will add seamless value to ConocoPhillips' deep, durable and diverse portfolio while meeting our strict financial framework, said CEO Ryan Lance.
News
November 22, 2024
(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus, which could come in the next five years, CEO Vicki Hollub said in Midland, Texas this week.
News
November 21, 2024
Nostra Terra, the international oil & gas exploration and production company with development and production assets in Texas, U.S., has announced a successful fundraise supported by institutional investors, Directors and Management, existing shareholders and new investors.
News
November 19, 2024
ONEOK has agreed to sell its three wholly owned interstate natural gas pipeline systems—Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission—to DT Midstream for $1.2 billion in cash.
News
November 19, 2024
SCS Technologies today announced the adoption of Microsoft RealWear Navigator Z1 for its Factory Acceptable Tests (FATs). SCS can now conduct FATs remotely, increasing productivity while saving time and costs associated with critical oil and gas system and component testing.
News
November 19, 2024
Today the IPAA presented its issue priorities to the Trump transition team. IPAA members are the primary producers of the nation’s oil and natural gas, accounting for 83 percent of America’s oil production and 90 percent of its natural gas output.
News
November 18, 2024
Texas A&M University has announced the launch of a new Chancellor’s National Academy STEM Ph.D. Fellowship Program, an elite opportunity for students pursuing graduate studies in science, technology, engineering and mathematics (STEM).
News
November 18, 2024
Today in Newsweek, API President and CEO Mike Sommers outlines how the next administration and new Congress can advance commonsense energy policies that work for all Americans. Strength in leadership, homegrown production and upholding consumer choice are among his top points to consider.
News
November 18, 2024
The Energy Workforce & Technology Council (EWTC) and National Ocean Industries Association (NOIA) have both voiced their support of President-elect Trump's choices for U.S. Energy Secretary and U.S. Interior Secretary, respectively.
News
November 16, 2024
Rival Downhole Tools has announced its continued international expansion with the establishment of new legal entities, personnel, and facilities in Canada and Mexico, as well as strategic partnerships in Saudi Arabia, the UAE and Europe.
Article
October 2024
The U.S. Supreme Court's decision on June 28, 2024, to overturn the Chevron deference doctrine will bring significant uncertainty and potential legal challenges to oil and gas, affecting regulatory interpretations and increasing scrutiny on emissions, permitting processes and agency regulations. Companies will need to adapt to this evolving legal landscape.
News
November 15, 2024
(Bloomberg) – The head of Liberty Energy Inc., the world’s second-largest fracing services company, has gained prominent endorsements as a potential pick for Donald Trump’s energy secretary.
News
November 13, 2024
The American Petroleum Institute (API) has released a new policy roadmap for the incoming Trump administration and next Congress to secure American energy leadership and help reduce inflation.
