Latest news with #oilgas
Yahoo
3 days ago
- Business
- Yahoo
Oil Country Tubular Goods Market Size to Grow by USD 37.26 billion by 2031, Growth Due to Increasing Oil & Gas Exploration and Production (E&P) Activities
NEW YORK, July 21, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the global Oil Country Tubular Goods Market is observing significant growth owing to increasing oil & gas exploration and production (E&P) activities. The Oil Country Tubular Goods Market was valued at US$25.50 billion in 2024 and is projected to reach US$37.26 billion by 2031; it is expected to register a CAGR of 5.6% during 2025–2031. The global Oil Country Tubular Goods Market is observing substantial growth and is expected to maintain its upward trajectory in the foreseeable future. This growth is attributed to the increasing focus on the increasing oil & gas exploration and production activities. The increased drilling and exploration activities in regions such as North America, the Middle East & Africa, and Asia Pacific significantly propel the oil country tubular goods market growth during the forecast period. The report runs an in-depth analysis of market trends, key players, and future opportunities. The Oil Country Tubular Goods Market analysis focuses on a vast array of applications that are expected to determine market strength in the coming years. To explore the valuable insights in the Oil Country Tubular Goods Market report, you can easily download a sample PDF of the report. - Overview of Report Findings In April 2025, the Minister of Energy and Natural Resources, Turkey and the Petroleum and Mineral Resources Minister signed a hydrocarbon exploration and production agreement in onshore fields. Turkey discovered up to 20 billion barrels of crude oil in Somalia. The demand for oil & gas is rising worldwide owing to the increasing demand for energy. As per the information from the International Energy Agency (IEA) in October 2024, global oil demand is projected to increase by 900 thousand barrels/day (kb/d) in 2024 and by 1 million barrels/day in 2025. China's demand for crude oil witnessed continuous growth, setting a record in March 2023 at 16 mb/d. Furthermore, the Russian Federation's aggression in Ukraine has threatened the energy supply, and it tends to drive oil & gas prices up. North America is among the largest crude oil and natural gas producers across the world. The US is the largest oil producer globally, with a crude oil production share of more than 20%. The country's oil & gas sector is proliferating year-on-year owing to the discovery of new oil & gas rigs. In addition, natural gas production in the US has grown significantly in recent years as improvements in drilling technologies have made it commercially viable to recover oil trapped in mature oil well. In April 2023, BP commenced oil production at its Argos platform located in the Gulf of Mexico. For Detailed Oil Country Tubular Goods Market Insights, Visit: In May 2023, the Abu Dhabi National Oil Company (ADNOC) granted three contracts totaling US$ 4 billion to reduce carbon emissions and reach a production capacity of 5 million barrels per day by 2030. The contracts can cover ADNOC's onshore and offshore operations for five years with a two-year extension option. Thus, the growing adoption of carbon-neutral oil & gas production is expected to offer lucrative growth opportunities to the oil country tubular goods market in the coming years. In January 2024, TotalEnergies, along with its partners, started production of oil and gas from the Akpo West Floating Production Storage and Offloading (FPSO) facility on the PML2 license in Nigeria. The offshore field is expected to add 14,000 bbl of condensate production by Mid-2024 and up to 4 million cubic feet of gas per day by 2028. Geographical Insights: In 2024, North America led the market with a substantial revenue share, followed by Middle East and Africa and Asia Pacific. Further, Middle East and Africa is expected to register the highest CAGR during the forecast period. Stay Updated on The Latest Oil Country Tubular Goods Market Trends: Market Segmentation Based on process, the market is categorized into seamless and welded. The seamless segment dominated the market in 2024. Based on product, the market is categorized into drill pipe, well casing, production tubing. The well casing segment dominated the market in 2024. Based on application, the market is categorized into onshore and offshore. The onshore segment dominated the market in 2024 The Oil Country Tubular Goods Market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America. Competitive Strategy and Development Key Players: A few major companies operating in the Oil Country Tubular Goods Market are Corpac, ArcelorMittal SA, Vallourec SA, Tenaris SA, Jacob Tubing L.P., Nippon Steel Corp, United States Steel Corp, Kelly Pipe Co. LLC, TMK Group, Tianjin Pipe Corporation (TPCO), NOV Inc, Sumitomo Corporation, JFE Steel Corp, ILJIN STEEL CO., LTD., SB International, Inc., Weatherford International Plc Trending Topics: Offshore Oil and Gas, Oil and Gas Production, Managed Pressure Drilling. Purchase Premium Copy of Global Oil Country Tubular Goods Market Size and Growth Report (2025-2031) at: Global Headlines on Oil Country Tubular Goods NOV and have announced a strategic partnership to distribute Keystone's OPEN and RMS applications through NOV's Max data platform. This collaboration advances the industry's ability to make data-driven decisions for increased operational efficiency, safety, and productivity across all rig activities. (August, 2024). Vallourec has received a notice of award to supply Oil Country Tubular Goods (OCTG) to SONATRACH, Algeria's National Oil and Gas company. (April, 2025). ArcelorMittal Tubular Products Jubail has successfully secured full financial support from top-tier commercial banks in Saudi Arabia for the expansion of its heat treatment and advanced premium OCTG finishing line (May, 2025) Conclusion The market is expected to witness tremendous growth in the coming years owing to the rise in demand for oil and gas production and exploration, rising energy demand. Further, an increasing number of overall oil and gas rigs is one of the major factors driving the integration of large volumes of oil country tubular goods across the globe. In addition, increasing crude oil production is another major factor expected to generate new demand for the installation of oil country tubular goods in the coming years. The report from The Insight Partners, therefore, provides several stakeholders—including component providers, system technology integrators, system manufacturers, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Trending Related Reports: The Hydrocarbon Solvents Market Size is expected to register a CAGR of 4% from 2025 to 2031 The Drill Pipe Market Size is expected to register a CAGR of 4.2% from 2025 to 2031 Well Casing and Cementing Market Size, Trends, Shares, and Forecast - 2031 Production Chemicals Market Growth, Trends, and Forecast by 2031 Battery Production Machine Market Analysis, Size, and Share by 2031 Virtual Production Market Share and Forecast by 2031 The energy recovery ventilator market size is projected to reach US$8,128.52 million by 2031 The battery energy storage system market size is projected to reach US$143.28 billion by 2031 About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us:If you have any queries about this report or if you would like further information, please contact us:Contact Person: Ankit MathurE-mail: +1-646-491-9876Press Release - For More Latest Energy and Power Research Reports & Industry Reports - Logo: View original content to download multimedia: SOURCE The Insight Partners Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Deutsche Bank Downgrades Venture Global (VG) Stock
Venture Global, Inc. (NYSE:VG) is one of the Deutsche Bank downgraded the company's stock to 'Hold' from 'Buy' with a price objective of $17, up from the prior target of $13.50, as reported by The Fly. The firm cited valuation as a factor for the downgrade, with Venture Global, Inc. (NYSE:VG)'s shares near the new price target. Furthermore, the company's longer-term valuation remains challenged by the lack of liquidity in the Title Transfer Facility curve, and its spending on the Calcasieu Pass 2 development, highlighted the firm's analyst. Aerial view of an oil & gas refinery, showcasing the scale of operations. The CP2 Project got authorization from the U.S. Department of Energy to export LNG to non-free trade agreement nations. Notably, the company has also announced that it has initiated full mobilization and started site work at its third LNG export facility, CP2 LNG. Venture Global, Inc. (NYSE:VG) expressed optimism about launching on-site work for this project, which is anticipated to deliver reliable, low-cost LNG to the world starting in 2027. Venture Global, Inc. (NYSE:VG) announced the execution of a new 20-year Sales and Purchase Agreement with PETRONAS LNG Ltd., which is a subsidiary of Malaysian state-owned oil and gas company, PETRONAS. Venture Global, Inc. (NYSE:VG) is a long-term, low-cost provider of US LNG sourced from resource-rich North American natural gas basins. Sands Capital, an investment management company, released it Q1 2025 investor letter. Here is what the fund said: 'Venture Global, Inc. (NYSE:VG) specializes in the development and operation of liquefied natural gas (LNG) export facilities along the U.S. Gulf Coast. We believe natural gas demand is likely to continue growing over the next several decades as an abundant, affordable, reliable, highly scalable, and relatively clean energy source relative to other hydrocarbons. Given the fundamental mismatch between where the world's largest and cheapest natural gas resources are located (primarily the United States and the Middle East) versus key areas of demand growth (Asia), we expect LNG demand to grow even faster while becoming increasingly critical from a global energy security perspective. Against this backdrop, we expect that Venture Global's modular approach to facility development will enable the company to capture a disproportionate share of incremental demand. Its innovative approach meaningfully compresses construction timelines, reduces capital intensity and operating costs, and, we believe, facilitates a virtuous cycle that can allow for project cash flows to be generated and reinvested much faster and more effectively than for its peers. As a result, we see a runway for Venture Global to sustain above-average growth as it profitably expands its production over the next decade.' While we acknowledge the potential of VG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
13-07-2025
- Business
- Yahoo
Is Enterprise Products Partners (EPD) a High-Yield Passive Income Machine?
Enterprise Products Partners L.P. (NYSE:EPD) is included among the 10 Best Passive Income Stocks to Buy Now due to its dividend growth and high yield. Aerial view of a refinery tower surrounded by the sprawling landscape of pipelines in an oil & gas midstream facility. On July 9, the company declared a 2% hike in its quarterly dividend to $0.545 per share. Through this increase, the company stretched its dividend growth streak to 29 years. In the first quarter of 2025, Enterprise Products Partners L.P. (NYSE:EPD) reported distributable cash flow (DCF) of $2.0 billion in the first quarter of 2025, marking a 5% rise from the $1.9 billion it posted in the same period last year. DCF covered the distribution 1.7 times over for the recent quarter, allowing the company to retain $842 million in cash flow. Its adjusted cash flow from operations (CFFO) came in at $2.1 billion for the first quarter of both 2025 and 2024. For the twelve-month period ending March 31, 2025, adjusted CFFO totaled $8.6 billion. During that same period, the company's payout ratio— which includes distributions to common unitholders and share buybacks— stood at 56% of adjusted CFFO. In addition to dividend growth, Enterprise Products Partners L.P. (NYSE:EPD) also offers a solid dividend yield, which stands at 6.71%, as of July 10. The company ranks among the largest publicly traded partnerships and is a key midstream energy provider in North America, offering essential services to both producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals. While we acknowledge the potential of EPD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Business
- Yahoo
Global Partners LP Finalizes $450 Million Deal Supporting Dividend Stability
Global Partners LP (NYSE:GLP) is one of the . The company completes $450 million senior notes placement following changes in its Board. Aerial view of an oil & gas refinery, showcasing the scale of operations. Headquartered in Massachusetts, Global Partners LP (NYSE:GLP) is a leading independent owner, supplier, and operator of liquid energy terminals, fueling locations, and retail experiences. The company's focus is on the wholesale and retail distribution of gasoline, distillates, residual oil, and renewable fuels. It primarily operates in the Northeast, Mid-Atlantic, and Texas regions of the US. The company announced the passing of Richard Slifka, Chairman of the Board of Directors of the Partnership's general partner, Global GP LLC, on May 25, 2025. Another change to the Board was contributed by the appointment of Thomas P. Jalkut as the new Vice Chairman. Following these changes in the Board, Global Partners LP (NYSE:GLP) announced the completion of a private placement of $450 million in senior notes due 2033. The senior notes had an interest rate of 7.125% per annum, and the company intended to use the proceeds for funding a cash tender offer for the outstanding 7% senior notes due 2027 as well as to meet a portion of the debt under its credit agreement. With the debt refinancing to support financial stability, investors interested in the company's 5.65% dividend yield can purchase this MLP stock. While we acknowledge the potential of GLP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Dividend Bargains Trading Below Insiders' Prices Disclosure. None. Sign in to access your portfolio
Globe and Mail
11-07-2025
- Business
- Globe and Mail
Sitio Royalties Schedules Second Quarter 2025 Earnings Release
Sitio Royalties Corp. (NYSE: STR) ('Sitio') today announced that it will report operating and financial results for the second quarter 2025 on Wednesday, August 6, 2025, after the close of trading on the New York Stock Exchange. Due to the pending merger with Viper Energy, Inc. (NASDAQ:VNOM), Sitio will not host a conference call. About Sitio Royalties Corp. Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 270,000 NRAs through the consummation of over 200 acquisitions to date. More information about Sitio is available at Forward Looking Statements This news release contains statements that may constitute 'forward-looking statements' for purposes of federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'seeks,' 'possible,' 'potential,' 'predict,' 'project,' 'prospects,' 'guidance,' 'outlook,' 'should,' 'would,' 'will,' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties that could cause our actual results, performance, and financial condition to differ materially from our expectations and predictions. See 'Risk Factors' in Sitio's publicly filed documents with the SEC for a discussion of risk factors that affect Sitio's business. Any forward-looking statement made in this news release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. Sitio undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future development, or otherwise, except as may be required by law.
