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U.S. and EU Plan New Pledge Targeting Oil and Gas Methane Emissions
November 10, 2022
The United States and European Union plan to unveil a joint agreement at the U.N. climate summit this week to step up efforts to reduce emissions of the potent greenhouse gas methane from the fossil fuel sector, and are hoping
OPEC+ Members Endorse Output Cut After U.S. Coercion Accusation
October 18, 2022
OPEC+ member states lined up on Sunday to endorse the steep cut to its output target agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into
OPEC Cuts 2022, 2023 Oil Demand Growth View as Economy Slows
October 14, 2022
OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year’s figure, citing slowing economies, the resurgence of China’s COVID-19 containment measures and high inflation. Oil demand
Mining Industry Faces ESG, Government Tax Pressures
October 12, 2022
Miners are under increasing pressure from the challenges of meeting their environmental, social, and governance (ESG) mandates as governments all over the world set their sights on the industry to fill gaps in their tax revenue, according to an EY
U.S. Oil Groups Urge Biden to Take Fuel Export Ban Off the Table
October 5, 2022
The largest U.S. oil trade groups said on Tuesday that they have “significant concerns” that the Biden administration is considering limiting fuel exports to lower consumer prices and urged top officials to take the option off the table, according to
Frontline and Euronav Sign Merger Deal to Create $4 Billion Oil Tanker Operator
October 4, 2022
Frontline and Euronav have agreed to merge in an all-stock deal with an aim to establish a major global independent oil tanker operator with a fleet of 146 vehicles and an expected market capitalization of over $4 billion. Both the
Schlumberger Joins the Aiming for Zero Methane Emissions Initiative
September 7, 2022
Schlumberger recently joined the Aiming for Zero Methane Emissions Initiative to support energy companies’ efforts to curb the warming impact of their operational methane emissions. The project, developed by the Oil and Gas Climate Initiative (OGCI), includes two tiers of
Happy Labor Day!
September 2, 2022
Labor Day, the first Monday in September, is a creation of the labor movement and according to the U.S. Department of Labor “is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to
Santos Reaches FID on Darwin Pipeline Duplication Project, Offshore Australia
August 30, 2022
Santos, the operator of the proposed Barossa offshore gas and condensate project, has reached a final investment decision (FID) to proceed with the Darwin pipeline duplication project. Barossa is being developed to provide an alternative source of natural gas to
Tidewater to Acquire Swire Pacific Offshore for $190 Million
August 23, 2022
Tidewater, a US-based offshore service vessels provider, has agreed to acquire Swire Pacific Offshore (SPO), a subsidiary of Swire Pacific, for total of around $190 million. Through the transaction, Tidewater will add SPO’s fleet of 50 offshore support vessels (OSVs),
