Collectively, the bill would “hurt American energy producers and drive up energy costs for the American people,” said Anne Bradbury, chief executive officer of the American Exploration and Production Council. read more
ADNOC Drilling Company announced its financial results for the half year and second quarter ending June 30, which show its net profit for the first half significantly grew by 34% to $379 million. read more
The majority of companies across the U.S. oil and gas industry are at risk of a successful cyber breach according to BreachBits, a cyber risk rating and monitoring company that evaluates and tests organizations from a hacker’s perspective. read more
ONS announced the finalists for its 2022 Innovation Awards on Tuesday, saying the competition was fiercer than ever. read more
With $4 a gallon gas, inflation at 40-year highs, and two straight quarters of economic recession, D.C. Democrats fast-tracked partisan legislation that will stifle the economy, kill jobs, hike taxes, and increase energy costs. read more
A federal judge ruled Brazil’s Petrobras liable in a lawsuit filed by Houston firm IEG Global Energy Partners, finding that Petrobras defrauded EIG in connection with a deal to build and charter 28 oil drilling rigs for work off the coast of Brazil. read more
U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it's not just their focus on rewarding shareholders that's holding them back, but also a preoccupation with soaring costs. read more
Britain needs to keep developing new oil and gas fields in the North Sea even as it rolls out major offshore wind and carbon capture and storage projects across the country, according Shell’s UK head of upstream. read more
Touchstone Exploration Inc. is preparing for the Trinidad and Tobago Environmental Management Authority to make a final decision on a Certificate of Environmental Clearance for its oil and gas exploration project by September 15. read more
While oil companies could benefit from the bill, which could mandate more federal oil and gas lease sales and boosts an existing tax credit for carbon capture, API President and CEO Mike Sommers said the package falls short in addressing America’s energy needs. read more
Asset Management & Inventory Solutions
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