Industry & Analysis
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.
News
April 08, 2023
Exxon has also discussed a potential tie-up with at least one other company, as the operator hunts for a blockbuster deal in shale, according to the newspaper.
News
April 08, 2023
The strikes put the UK’s production of oil and natural gas at risk just as Europe tries to pivot away from a dependency on Russian supplies, which are being throttled by Moscow in the wake of the invasion of Ukraine.
News
April 06, 2023
According to a recent study by Inmarsat, a world leader in global, mobile satellite communications, 35% of oil and gas firms are currently using internal environmental, social and governance-focused data to proactively engage with investors on the topic of sustainability.
News
April 05, 2023
In a statement, the oil and gas producer said it is “working hard to mitigate the impact” of the workforce reduction with recruitment freezes and a voluntary redundancy scheme.
News
April 05, 2023
The business manufactures a wide range of AC variable frequency drives and controls that reduce energy consumption in industrial applications in the U.S. market.
News
April 05, 2023
Many key reforms recommended in the wake of the 2010 blowout and spill have been adopted, collectively representing real improvement, the report says. These include the creation of the U.S. Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE) with a singular focus on safety, and mandated safety and environmental management systems (SEMS).
News
April 04, 2023
Administration officials in Washington have sought to strike a balance between denouncing the move and not further souring relations with Saudi Arabia.
News
April 03, 2023
Still, while the White House said they were given advanced warning of the latest production cut, Kirby said the U.S. did not know what prompted the decision.
News
April 03, 2023
Even though drillers are flush with cash after record profits last year, U.S. producers are unlikely to accelerate oil growth enough to make up for OPEC+’s surprise cuts, analysts and executives said.
News
April 03, 2023
Several OPEC+ members shocked the market over the weekend, announcing further voluntary supply cuts. These cuts were announced ahead of the Joint Ministerial Monitoring Committee meeting scheduled for April 3, where the expectation was that the committee would recommend keeping output policy unchanged.
News
April 03, 2023
The NSTA issued a response to analysis by campaign group Uplift of the potential impact of new North Sea oil and gas projects on emissions reduction targets.
News
April 03, 2023
The goal is to provide greater cost transparency and help shield the LNG market from the kinds of price swings that battered the TTF futures market last year, which sent energy bills soaring for consumers.
News
April 03, 2023
The action will affect production platforms operated by Shell Plc and Harbour Energy Plc, the union said in an emailed statement.
News
April 03, 2023
Sembcorp Marine Ltd is proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited” following completion of the combination of the businesses of the company and Keppel Offshore & Marine Ltd on Feb. 28, and will adopt a new branding for the enlarged entity.
News
April 03, 2023
OPEC+ announced a surprise oil production cut of more than 1MMbpd, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.
News
April 02, 2023
“The Lower Energy Cost Act includes provisions important to Texas, such as repealing President Biden’s harmful tax on natural gas production and stopping bans on internal combustion engines and gasoline-based cars," said Commissioner Christian.
News
March 31, 2023
A report by the International Energy Agency, which formed the basis of a review into the cap, found that the mechanism had met its goals of reducing Moscow’s revenues and keeping global oil prices from spiking.
News
March 31, 2023
Operators were ordered to come into compliance with Commission rules and assessed $184,300 for any oil and gas, LP-Gas, critical infrastructure, or pipeline safety rule violations.
Article
March 2023
Striking a balance
