News

We keep up with what’s happening in the industry. Read more below.

Honoring Earth Day 2020

Author: Jessica Lutz, American Petroleum Institute (API) Posted 4/22/2020 Earth Day 2020 finds the world in unprecedented circumstances. Despite the once-in-a-lifetime challenges posed by the COVID-19 crisis, the natural gas and oil industry’s commitment to protect workers, communities and the environment remains ...

Profit hunting in the brave new world of oil & gas

Until 2014, the oil and gas industry enjoyed high oil prices, high levels of activity and wages. Margins were high and demand was even higher. Since 2018, however, most operators have made cuts in just about every aspect of their investments, headcounts, ...

How the oil and gas industry is helping fight coronavirus

The oil and gas industry has taken a hit from the Covid-19 coronavirus pandemic, but there are many ways it is fighting back. The oil and gas industry is facing a downturn exacerbated by the Covid-19 coronavirus pandemic, but companies in the ...

Dallas Fed Energy Survey: Oil and Gas Sector Activity Plunges as Low Oil Prices, Coronavirus Take Toll

DALLAS, Texas (Federal Reserve) —Energy sector activity declined significantly in the first quarter, according to executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—plunged from -4.2 in the fourth ...

Oil And Gas Companies See Opportunity In Offshore Wind Energy

Oil and gas markets are ensnared by oversupply and falling prices, not to mention a global pandemic. It illustrates the need to be more responsive to changes in the energy climate. And the good news is that the signs are pointing to ...

Outlook for oil and gas demand remains strong

Oil and gas executives say the long-term industry demand remains high, despite the spread of the novel coronavirus and other global actions. Executives from both ExxonMobil and Shell U.S. reiterated their beliefs in a growing global energy demand during a joint meeting ...