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Oil and Gas Industry Tops U.S. Wages in 2024 with $227,000 Annual Average

Oil Gas Leads

According to the latest State of Energy Report from the Texas Independent Producers & Royalty Owners Association (TIPRO) , oil and gas workers earned an average annual salary of $227,000 in 2024 an increase of $4,389 from 2023. The oil and gas industry remains a powerhouse in the U.S. Why Are Oil & Gas Wages So High?

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Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. Chevron has stakes in both onshore and offshore fields through a JV with NNPC that has the same percentage distribution as Exxon’s. How did this happen?

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Valor | Energy Connection – Feb. 24, 2025

Valor

onshore wind farms and spinning off offshore wind assets. billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses. Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. The companys profits fell to $8.2

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With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

The Energy Law

The two bureaus stated their focus for fiscal year (FY) 2022 would be on the development of regulations to address the IIJA requirement; accordingly, both BOEM and BSEE have budgeted funds for FY 2023 to develop such a framework. In the meantime, more questions than answers remain regarding the regulatory framework for offshore CCS.

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