Industry & Analysis
News
April 21, 2023
The two leaders expressed “satisfaction with the level of coordination within OPEC+ in order to ensure the stability of global oil market,” according to a statement on Friday. The phone call was initiated by Saudi Arabia.
News
April 20, 2023
According to the U.S. Energy Information Administration, Mexico’s oil production has remained stable since 2019 after 20 years of decline. The EIA expects Mexican production to remain flat until 2024.
News
April 20, 2023
Wiernicki, a naval architect and engineer, has more than 35 years of extensive commercial, government and international experience in marine and offshore design, operations, infrastructure and safety management, ports and bunkering, digitalization, cybersecurity, and the clean energy transition.
News
April 20, 2023
The legislation will “end the green giveaways that distort the market and waste taxpayers’ money,” McCarthy said, referring to recent analysis that said the climate law’s tax credits were estimated to end up costing some $1.2 trillion.
News
April 18, 2023
With 47 drilling rigs, the Appalachian Basin is the largest source of natural gas in the country. The new chapter will enable more industry employees, who meet the eligibility criteria, to benefit from OHH assistance.
News
April 17, 2023
The MoU paves the way for continued cooperation and covers key areas such as knowledge sharing, workforce development and exploring further investment opportunities in Namibia.
Article
April 2023
Analysis of decisions being made by energy firms globally reveals the stranded assets narrative to be little more than ill-supported talking points. Discussions at this year’s major conferences reveal a re-dedication to increased exploration and development of new oil and gas reserves.
News
April 14, 2023
Labor action would have a significant impact on oil and gas production if it goes ahead, Unite said. The dispute is over pay and changes to shift patterns.
News
April 14, 2023
The Enteq XXT technology is well known throughout the industry for high reliability and delivering highly cost-efficient operations. The sale will enable Enteq to focus its attention, investment and resources towards the development of its SABER Tool.
News
April 14, 2023
The agreement enables BlueNord and Semco Maritime to jointly pursue specific opportunities such as taking over operation of already existing assets or developing and operating new fields as well as making other relevant investments or taking on other related activities to the mutual benefit of the partners.
News
April 13, 2023
Semco Maritime continued its strong performance in 2022, improving its financial results amid historic market volatility and unstable external conditions.
News
April 13, 2023
At the end of the first quarter 2023, the company had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian was warm stacked for the entire quarter.
News
April 13, 2023
The French company is among suitors that have held early-stage talks with Neptune about a possible takeover, according to the people, who asked not to be identified discussing confidential information.
News
April 13, 2023
World markets may be under supplied by about 2 MMbpd in the fourth quarter as a result of cutbacks announced by Saudi Arabia and its partners, according to figures in a report from the Organization of Petroleum Exporting Countries.
News
April 12, 2023
Asset productivity is noted as a universal priority across the survey participants, as companies actively implement maintenance transformation and seek new technologies to ensure equipment runs with the highest ROI.
News
April 12, 2023
The companies will join a collaborative ecosystem that includes industrial capabilities, technical expertise, and global network connections to scale their respective businesses.
News
April 11, 2023
(WO) — Employment in the U.S. oilfield services and equipment sector increased by 2,907 jobs to its highest level since March of 2020 to reach 656,368 in March, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to February numbers and analysis by the Energy Workforce & Technology Council.
News
April 11, 2023
Net-long positions in Brent crude jumped by more than 73,000 contracts in the week to April 4, according to data from ICE Futures Europe. The only other time a bigger net-inflow occurred was in late-2016, which also followed unexpected output curbs from OPEC that ultimately led to the creation of OPEC+.
News
April 10, 2023
Recent studies have shown that $157 billion in energy investment is waiting in the NEPA pipeline, and a two-year NEPA review time limit could spur $67 billion in energy investment.
News
April 10, 2023
One oil exchange-traded fund saw its largest one-day outflow in more than three years, a possible sign that some investors remain concerned about the outlook after OPEC+ delivered an unexpected supply cut.
News
April 10, 2023
Oil steadied as traders assess challenges to crude supply in the wake of planned output cuts by OPEC+ and in anticipation of news on when Iraq may resume exports from its northern fields.
