The Bureau of Ocean Energy Management (BOEM) has published a Proposed Notice of Sale (PNOS) for Lease Sale 262, the first of three offshore auctions in the Gulf of America under the 2024–29 Outer Continental Shelf Leasing Program.
Rising Canadian oil production and continued demand for more shipping capacity at the key U.S. refining hubs have prompted Canada’s pipeline giant Enbridge to test interest from potential shippers for a new pipeline in Illinois linked to the Mainline system.
Oil prices dropped dramatically after a surprisingly speedy ceasefire was agreed between Israel and Iran, although the peace remains fragile.
Oil and the security of its supply have stolen the media spotlight in the context of the new Middle East war, and with good reason. Ever since Israel first bombed Iran, diesel prices have soared, jet fuel prices have soared, and importers have been troubled. For Europe, the situation is even worse due to natural gas.
SLB OneSubsea has been awarded an EPC contract by Equinor for a subsea CO2 injection system for phase two of the Northern Lights project offshore Norway, SLB said on Wednesday.
Mexican firm Ursus Energy has received the concession for the Coatzacoalcos II development hub, enabling it to proceed with a planned LNG plant focused on exports to the Americas and Europe, the company said on Monday.
The US Bureau of Ocean Energy Management (BOEM) has published a proposed notice of sale (PNOS) for approximately 15,000 unleased offshore blocks in the Gulf of Mexico, the bureau announced on Wednesday.
Woodside Energy has completed its sell-down of a 40% interest in Louisiana LNG to global investment firm Stonepeak. Under the transaction, Stonepeak will provide $5.7 billion towards the capital expenditure for the development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026.
The Chevron-operated Leviathan field was ordered to shut on June 13 as a precautionary measure following Israel’s attacks on Iran and Tehran’s subsequent retaliation. The Israeli Energy Ministry also ordered the reopening of the smaller Energean Plc-operated Karish field, which supplies the domestic market.
The Egyptian Natural Gas Holding Company (EGAS) has awarded six offshore and onshore exploration blocks in a bid to attract new investments and ramp up hydrocarbons production, Egypt’s Ministry of Petroleum and Mineral Resources announced on Wednesday.