North America

Markets , International , Energy Transition

Global Carbon Markets Value Hit Record $909 B Last Year

Meant to limit greenhouse gas emissions, carbon permits' values have been driven by energy prices surge and EU reforms. 
 

February 7, 2023

Highlights

E&P Highlights: Feb. 6, 2023

Here’s a roundup of the latest E&P headlines including a new well coming online and new contract awards in the upstream oil and gas industry.

February 6, 2023

Earnings , Liquefied Natural Gas

ConocoPhillips More Than Doubles Profits in 4Q 2022 Report

While pleased with fourth-quarter 2022 results, ConocoPhillips will also look to continue growth as it announced progress with its Willow and Port Arthur projects.

February 6, 2023

Exploration & Production , Shale Plays , Technology

Intelligent Completions: Sensing Through Cement

Miniature quartz gauge measures reservoir conditions through cement in real time.

February 3, 2023

Transactions , Acquisitions & Divestitures , Mergers , Joint Ventures

Energy A&D Transactions from the Week of Feb. 1, 2023

Here’s a snapshot of recent energy deals including Diamondback Energy completing its $1.55 billion deal to acquire Midland Basin acreage and E&P Arena Energy LLC closing its acquisition of Cox Operating LLC's interests in the Eugene Island 330 and South Marsh 128 oil blocks.

February 1, 2023

Business

Mexico's Pemex Places $2 Billion Bond to Refinance Debt

Pemex's $2 billion bond has a 10-year maturity and was part of a move by the heavily indebted firm to secure financing during the first quarter.

February 1, 2023

Business , Unconventional , Highlights , Field Development , Deepwater , Shale Plays

Murphy Oil Posts $965 Million Income for 2022

Murphy Oil increased production and pay down debt with the help of King’s Quay project going onstream in the Gulf of Mexico and high output from new Eagle Ford wells.

January 31, 2023

Liquefied Natural Gas , Natural Gas

Fire-idled Freeport LNG Seeks U.S. Approval to Start One Unit

Freeport LNG's request represents a milestone in efforts to restore production after a seven-month outage at the second-largest U.S. LNG.

January 31, 2023

Deepwater , Subsea

Subsea Services Market Expected to Top $7 Billion in 2023

Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.

January 31, 2023

Energy Transition , Technology

Transition in the Trilemma

Despite the energy trilemma, 45% of companies oil and gas sector are confident they can reach net zero by 2050, according to the Baker Hughes Energy Transition Pulse report.

January 30, 2023