Offshore Energies UK greeted the announcement of Liz Truss as the UK’s new Conservative Party leader as a fresh chance to renew the nation’s approach to energy security and accelerate the transition to cleaner energies with careful long-term investment in its home-grown oil and gas resources. SourceContinue Reading

Texas Comptroller Glenn Hegar announced the Fiscal Year 2022 state revenues highlighting that the oil and gas industry paid record-breaking taxes to the state. SourceContinue Reading

Liz Truss won the bitter race to succeed Boris Johnson as UK prime minister, and will take power with the country facing brutal economic headwinds that threaten to plunge millions of Britons into poverty this winter. SourceContinue Reading

Employment in the U.S. oilfield services and equipment sector rose by an estimated 6,865 jobs to 648,914 in August, according to preliminary data from the Bureau of Labor Statistics and analysis by the Energy Workforce & Technology Council. SourceContinue Reading

Shell Offshore Inc., a subsidiary of Shell plc, will sell its 100% interest in Shell Onshore Ventures LLC to IKAV for about $2 billion, effectively ending Shell’s upstream operations in California. SourceContinue Reading

Equinor and Norwegian technology Vissim have completed the development of a new and expanded ocean space surveillance system for energy operators on the Norwegian and UK continental shelves. SourceContinue Reading

OPEC+ is expected to keep output steady when it meets next week, anticipating that oil markets will recover from a recent price rout and tighten by year-end. SourceContinue Reading

New research commissioned by Offshore Energies UK has revealed that young people are actively seeking careers that have a positive impact on society, with more than half of those surveyed saying they would consider a career in the UK’s energy sector. SourceContinue Reading

The Independent Petroleum Association of America (IPAA) Board Chairman Jim Wilkes announced the retirement of President and CEO Barry Russell, effective Sept. 1. SourceContinue Reading

Lukoil PJSC Chairman Ravil Maganov died after falling from a window in a Moscow hospital, according to Russian media reports. SourceContinue Reading