Tag Archive for: oilandgassector

United States Supreme Court voids some Trump tariffs, but steel and aluminum levies under Section 232 stand.

Supreme Court tariff ruling may ease oilfield input costs over time

The U.S. Supreme Court ruled 6–3 that President Donald Trump exceeded his authority when he imposed certain tariffs under the 1977 International Emergency Economic Powers Act, which invalidated many of those duties. However, tariffs affecting key oilfield inputs—including steel, aluminum, and copper—remain in place because they were issued under Section 232 of the 1962 Trade Expansion Act, according to the Midland Reporter-Telegram.

Claudio Galimberti, chief economist at Rystad Energy, said the decision limits the government’s ability to target individual countries but does not remove the broader tariff framework, citing a continuing global tariff structure that could rise from 10% to 15%. Economist Ray Perryman told the Reporter-Telegram that while tariffs may be harder to maintain, other legal tools could be used, and he expects that any gradual reduction in tariff pressure could lower steel and equipment costs and support broader consumer and business activity—factors that can matter for energy demand and project economics. The American Petroleum Institute’s Aaron Padilla emphasized the value of predictable trade policy for market reliability.

Related Ranger coverage: Trump threatens tariffs if EU doesn’t buy more US oil and gas and Texas leads the charge as America sets new oil and natural gas records.

Source: Midland Reporter-Telegram
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President Trump’s second-term agenda has reinvigorated US private equity groups' interest in oil and gas sector buyouts and business deals.

US federal policies driving fresh interest in oil and gas

President Donald Trump’s second-term agenda has reinvigorated US federal policies to private equity groups and revived their interest in traditional opportunities to buy and sell businesses in the oil and gas sector.

Private equity exits in the sector in 2025 are on track to smash the figure for 2024, according to S&P Global. The analyst reported that there were 17 private equity exits in oil and gas globally, worth a combined $18.5bn, between January 1 and May 21. Of those, 13 deals totalling $15.9bn were in the US and Canada.

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Source: Sustainable Views

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The IoT in oil & gas market valuation is predicted to surpass USD 5B by 2034, reported in a research analysis by Global Market Insights Inc.

Internet of things in oil & gas market to reach $5Bn by 2034

The Internet of Things in oil & gas market valuation is predicted to surpass USD 5 billion by 2034. This is from a report in a research analysis by Global Market Insights Inc.

The increasing focus on real-time monitoring, operational efficiency, and improved safety measures are key factors. It will be driving the adoption of IoT technologies in the industry.

Companies in the oil and gas sector are embracing IoT solutions. It is to enhance asset management, streamline production processes, and ensure better environmental compliance. As these technologies become more integrated into operations, strategic partnerships are helping speed up their implementation across various functions within the industry. IoT applications are revolutionizing operations by enabling the collection of real-time data, remote monitoring, and predictive maintenance, which in turn boosts operational performance and safety standards. These advancements allow companies to detect potential issues early, reducing risks and minimizing downtime.

Green technologies and sustainability

The growing emphasis on green technologies and sustainability is accelerating the adoption of IoT in oil and gas operations. As environmental concerns and regulatory pressures intensify, the sector is increasingly turning to IoT solutions to optimize energy usage and track emissions. IoT technologies also help detect hazards, such as gas leaks, and monitor environmental impacts, contributing to sustainable practices. This not only reduces operational costs but also aligns with broader goals for energy efficiency, carbon footprint reduction, and long-term sustainability.

The IoT’s role in promoting greener, more sustainable operations is significant, as it supports the industry’s transition to eco-friendly practices. The green technology market is projected to generate substantial revenue by 2032, reflecting a robust annual growth rate of over 19%. This expansion highlights the growing importance of sustainability in the oil and gas sector.

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Source: Global Newswire

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