The U.S. Bureau of Ocean Energy Management (BOEM) has announced its intent to prepare a programmatic environmental impact statement for proposed oil and gas lease sales in the Northern, Central and Southern California Planning Areas of the Outer Continental Shelf.
Glenfarne Group LLC has executed a letter of intent with TotalEnergies SE for the French energy giant to buy 2 million metric tons per annum (MMtpa) of liquefied natural gas over 20 years from the under-development Alaska LNG.
OPEC+ agreed to resume oil production increases at a slightly accelerated pace, even as conflict sparked by U.S.–Israeli strikes on Iran heightens risks to global crude flows.
Moscow on Thursday blasted the European Union’s plan to permanently ban Russian oil imports, with Foreign Ministry spokeswoman Maria Zakharova calling the proposal madness and suggesting only a “madman” would even float the idea. The language was vintage Kremlin — theatrical, indignant, and aimed as much at European voters as at Brussels policymakers.
The European Union has to coordinate its plans to impose a full ban on maritime services for Russian crude oil with the G7 group of the world’s most advanced economies, David O’Sullivan, the EU Sanctions Envoy, said on Thursday.
Diversified Energy has agreed to acquire natural gas properties and related facilities in East Texas from Sheridan Production for $245 million in cash, expanding its operated footprint in the region.
Federal regulators have officially reopened a door California politicians have spent years trying to weld shut.
Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the Orinoco Belt, and several mature fields.
Oil swung as traders parsed competing headlines on the status of negotiations between the US and Iran.
The UK may be quietly inching toward an awkward admission: the windfall tax experiment on oil and gas has been a flop.