Insights, Alerts

& Trends

Energy Industry News

Insights, Alerts & Trends | ENERGY IAT  |  ENERGY IAT june 30

Oil & Gas Industry News

Oil workers are shifting towards the tech industry, the war on Ukraine is shifting the policies – and methods – of hackers who target energy companies and more

Top of the News:

Don’t call it child’s play: Mattel will be collaborating with SABIC and using their certified renewable polymers in their products, starting with ones from the MEGA and Matchbox lines.

POLITICS:

The U.S. Government Accountability Office was curious as to the USPS’s rationale for purchasing mail delivery trucks with internal combustion engines in testimony held on April 5th.

Oil company executives from ExxonMobil and BP, among others, were questioned by members of the House Energy and Commerce Subcommittee on Oversight and Investigations with regards to the high price of gas despite the fall of crude oil prices.

SOCIAL:

A volatile energy industry is driving many Alberta, Canada oil workers to the technology sector.

ENVIRONMENT:

Oil futures fell on April 6th after gas-consuming nations said they would use oil from their reserves.

Investor Jeremy Grantham warns that spikes in oil prices like what we’ve seen have been historically followed by a recession.

ECONOMIC:

A study published in PLOS ONE shows that most energy corporations aren’t following up their carbon-cutting promises with action.

The SEC’s proposal that publicly traded companies be required to disclose their emission levels is seen as an example of private investors influencing public policy – but some worry that it comes too late.

TECHNOLOGY:

Advanced Navigation has launched autonomous underwater surveying vehicle Hydrus.

Russia’s invasion of Ukraine has shaken up the energy-focused hacker sphere, making it harder to predict cyber-attacks.

LEGAL:

A Naples, Florida man accused of artificially driving up prices of products that he sold to multiple oil and energy companies was cleared of all wrongdoing.

The New Jersey Department of Environmental Protection has sued Hexcel Corp. and Fine Organics Corp. for allegedly polluting the state’s natural resources, specifically its groundwater.

PROFESSIONAL DEVELOPMENT:

Are you designing your workplace with neurodiverse employees in mind?