330-725-4949 ext. 122

January Oil & Gas News Roundup

In January, EnerCom announced dates for The Energy Venture Investment Summit, Shell made its Predictions for 2023, U.S Oil Production has a Clear Path, and API unveils its plan to improve American energy. Continue reading our oil and gas news roundup to learn more about what’s happening in the industry this month.

EnerCom announces The Energy Venture Investment Summit 2023 

EnerCom, Inc., a nationally-recognized management consultancy firm, announced today that it will now be hosting the annual The Energy Venture Investment Summit 2023 as part of the EnerCom Dallas Investor Conference, April 18 -19, 2023 at Hotel Crescent Court, Downtown Dallas.

The Energy Investment and ESG Conference provides energy industry professionals a venue to hear senior management teams from leading E&P, Oilfield Services and Midstream companies discuss their business plans, ESG strategies and learn about important topics affecting the global energy industry and provides a unique forum and healthy environment for investors and company leadership to interact in formal and informal networking opportunities.

Qualified Investors can now Register to Attend this Event as Part of EnerCom Dallas – The Energy Investment and ESG Conference at www.enercomdallas.com.

Shell Notes Main Energy Trends For 2023

Supermajor Shell has noted five trends in its 2023 energy sector outlook related to energy security, economics, and transition to low-carbon sources. Shell said in its energy outlook for 2023 that the energy transition was not something that stands on its own and that it must exist as a natural balance with energy security and economics. Within the context of those three elements, the supermajor noted five trends that Shell sees as most impactful in the energy sector in 2023.

For the full report and all the details on Shell’s 5 trend predictions click here

U.S. Oil Production Growth’s Path is Clear

After proving it could become a game-changer for the global oil market a decade ago, the U.S. shale patch is once again the focus of attention but this time because it is not growing the way it used to. Instead, U.S. shale drillers are being cautious for the first time since the shale boom began.

In its latest Short-Term Energy Outlook, the Energy Information Administration forecast that oil production in the United States will rise from 11.86 million barrels daily last year to 12.4 million barrels daily this year. It will also rise further to 12.81 million barrels daily in 2024.

What’s perhaps more interesting than the growth projection itself is the fact that the EIA expects oil prices to decline over this two-year period. In other words, it expects U.S. shale drillers to ramp up production amid declining prices.

For more information on the EIA’s forecast check out oilandgas360.com.

API Unveils its Plan to Improve American energy

The American Petroleum Institute (API) President and CEO Mike Sommers released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil as a long-term strategic asset during API’s annual State of American Energy event. 

During the event, featuring API Executive Vice President and Chief Advocacy Officer Amanda Eversole, House Energy and Commerce Committee Chair Cathy McMorris Rodgers, and U.S. Representatives Henry Cuellar, Lizzie Fletcher, and Mary Peltola, announced this plan. As consumers face growing energy costs, API urges policymakers to take a more realistic approach and ensure that American natural gas and oil are prioritized as long-term strategic assets.

Click here to read the full article. 

Reach Out to Tiger General

We hope you found our January oil and gas news roundup interesting. If you need a new piece of equipment, fill out the Tiger General Truck Inquiry Form today!