President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned military strike on Iran. In a Truth Social post, Trump instructed producers to “get your consumer (retail!) Oil Prices DOWN, NOW!”
Venezuela exported 1.16 million barrels of crude oil daily last month, a slight decline from June’s 1.2 million barrels daily, on lower withdrawals from storage, Reuters has reported, noting that exports to the United States during that month increased.
TotalEnergies SE has signed an agreement to buy Shell PLC’s four-gigawatt (GW) portfolio of mostly in-the-pipeline onshore renewable energy (RE) projects in Europe.
The U.S. Department of the Interior has proposed targeted revisions to federal regulations governing exploratory oil and gas drilling on Alaska’s Outer Continental Shelf, seeking to modernize the 2016 Arctic Exploratory Drilling Rule while maintaining existing safety and environmental oversight.
The Texas Railroad Commission (RRC) has partnered with the Texas A&M Engineering Extension Service (TEEX) to launch an advanced fire prevention and electrical safety training program for oil and gas inspectors, strengthening field oversight aimed at reducing wildfire risks and improving operational safety.
Petrobras has confirmed a new deepwater natural gas discovery at the Sandia-1 exploratory well in Colombia’s GUA-OFF-0 Block, further expanding the company’s growing offshore gas portfolio in the country.
Oil fell after both the U.S. and Iran signaled that discussions to restore shipping through the Strait of Hormuz are ongoing, raising hopes for a pickup in supply from the Middle East.
Kosmos Energy reported second-quarter net production of approximately 71,400 boed, up 12% from a year earlier, as new Jubilee wells and the continued ramp-up of the Greater Tortue Ahmeyim (GTA) LNG project supported higher output.
Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes on Iran. Iran’s retaliation has involved the targeting of energy infrastructure across the Gulf, interrupting production and prompting closures as a precautionary measure. More significantly, […]
An early visit by Prime Minister Andy Burnham to meet North Sea energy operators and their workforce could mark a crucial turning point in government attitudes towards home-grown energy and the future of the offshore industry, says David Whitehouse, Chief Executive of Offshore Energies UK (OEUK). OEUK has requested an urgent prime ministerial visit to operators in Scotland and supply-chains in […]