The oil and gas industry should be part of the conversation, given some of the expertise it brings to the table, according to Oceaneering CEO Rod Larson.
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SubscribeThe emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.
Pace and response to vaccines add uncertainty to planning, says agency analyst.
Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.
If the EIA outlook is correct, 2021 would be the first time U.S. natural gas output falls for two years in a row since 2005, and 2022 would be the first time consumption falls for three consecutive years since 1983.
Angie Gildea, who was recently named the U.S. national sector lead for KPMG’s energy business, sat down with Hart Energy’s Jessica Morales to talk about key areas the oil and gas industry should focus on in the year ahead.
Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.
Prominent shale investor Dan Wilks on Jan. 19 reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp. through an investment vehicle.
Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.
Soma Somasundaram, president and CEO of ChampionX, shares details about how the company battled through 2020, its ESG efforts, digital technologies and current R&D projects.
Halliburton Co. posted a better-than-expected fourth-quarter profit on Jan. 19, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year’s industry slump.
Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts on Jan. 19 for supplying integrated wireline services within well intervention to Equinor’s fixed platforms.
Chevron and San Jose-based Blue Planet also signed a letter of intent to collaborate on potential pilot projects and commercial development in some geographies.
The oil and gas industry should be part of the conversation, given some of the expertise it brings to the table, according to Oceaneering CEO Rod Larson.
Some parts of the world are poised to see spending growth, while others remain in recovery mode during a “transition year” for the oil and gas industry.
An in-depth analysis shows what went right and what didn’t in 2020 and the game changer that could push each major North American shale basin into prosperity in 2021.
Environmental groups had sought a preliminary injunction against drilling in the Arctic National Wildlife Refuge.
The oil and gas industry was not sunk, but 2020 did damage that will take time to assess before deeming it as salvageable or a wreck.
Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.
Unit Petroleum retained BOK Financial Securities for the sale of producing operated properties and associated water and gathering lines in central Kansas.
Total is paying $2.5 billion for a share in India's Adani Green Energy and its solar power assets, in what the French company said was its biggest investment yet in renewables.
Occidental Petroleum pumps more CO₂ into the ground than carmaker Tesla prevents being emitted on roads, CEO Vicki Hollub says.
Formal issuance of the leases in Alaska's Arctic National Wildlife Refuge came a day before the inauguration of Democratic President-elect Joe Biden, who has pledged to ban new oil and gas leasing on federal lands.
Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.
In 2020, oil and gas operations emitted over 70 million tonnes of methane, or around 10% less than in 2019, the IEA says.
Analysts wonder if the timing portends trouble for infrastructure projects by the oil and gas industry with the new administration.
An official says that the pipeline’s construction will not resume, even with permission from Denmark.
Driftwood will help meet soaring demand for LNG, says co-founder Souki.
Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said on Jan. 14, although the canal’s regulator said it had made changes to speed up transit.