The oil and gas industry, a cornerstone of global energy supply, operates within a complex framework shaped by government policies and regulations. These policies influence various facets of the industry, including exploration, production, environmental standards, and market dynamics. As governments worldwide respond to climate change concerns and seek sustainable energy...
The oil and gas industry, a cornerstone of the global economy, stands at a crossroads. Rapid technological advancements, evolving energy policies, and environmental concerns are reshaping the landscape of this vital sector. As the world transitions toward cleaner energy sources, the oil and gas industry is undergoing significant transformations. In...
Climate change, one of the most pressing global challenges of our time, has profound implications for industries worldwide, including the oil and gas sector. As the world grapples with rising temperatures, extreme weather events, and a growing commitment to carbon neutrality, the oil and gas industry finds itself at the...
Interior details steep cuts in offshore lease sales for next 5-year plan The Biden administration has released a proposed final version of its next 5-year leasing program for offshore oil and gas with a maximum of three Gulf of Mexico lease sales and no sale for offshore Alaska. The Biden administration has...
OPEC+ maintains oil policy stability as Saudi Arabia and Russia continue production cuts. The ministerial panel within OPEC+ convened on Oct. 4 and agreed to maintain the current oil output policy. This decision came following commitments from Saudi Arabia and Russia to uphold their voluntary supply reductions in order to bolster...
The oil and gas industry is a global sector that involves the exploration, extraction, refining, transportation, and marketing of petroleum products. The industry is divided into three segments: Upstream Midstream Downstream. Upstream companies are responsible for finding reservoirs and drilling oil and gas wells. Midstream companies transport the oil and gas...
