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HomeExploration and Production

Exploration and Production

Climate Crisis

Republican-Controlled Congress Votes to Repeal Methane Fee

March 2, 2025 Clark Savage

The Republican-controlled Congress voted to repeal a federal fee on oil and gas producers who release high levels of methane. Considered a tax by the oil and gas industry, the fee was one of the […]

Climate Crisis

Week Recap: US LNG Dominance, Critical Minerals, and Global Energy Challenges

March 1, 2025 Andy Del Prado

Weekly Daily Standup Top Stories Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty February 23, 2025 Clark Savage Burgum suggests stronger USGS role to analyze the potential Says US public lands hold […]

Crude Oil News

Balancing Energy Affordability and Sustainability

February 28, 2025 Clark Savage

In this episode of Energy News Beat Live from NAPE – Conversation in Energy, host Stuart Turley sits down with Jeff Krimmel, an energy analyst and consultant, who shares insights into the oil and gas […]

FLNG
Exploration and Production

Golar’s fourth unit may be world’s largest FLNG

February 28, 2025 Mariel Alumit

Golar currently operates the 2.4 mtpa Hilli, which works offshore Cameroon, and the 2.7 mtpa Hilli, which works offshore Mauritania and Senegal. Last year, Golar signed an EPC agreement with China’s CIMC Raffles to convert its 148,000-cbm […]

Karoon
Crude Oil News

Karoon buys FPSO working offshore Brazil for $115m

February 28, 2025 Mariel Alumit

Australian oil and gas player Karoon Energy has bought the Cidade de Itajaí FPSO for $115m from Altera & Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure. The FPSO was […]

Santos
Big Oil Companies

The Top 5 Oil Exploration Prospects of 2025

February 27, 2025 Clark Savage

Around 120 discoveries were made in 2024, but most were small, unlike major finds in previous years. High-impact drilling is expected in Suriname (Korikori), Cyprus (Elektra), Libya (Area C), and South Africa (DWOB). Oil majors […]

BP
Big Oil Companies

BP cuts renewables investments by $5bn, sets sights firmly on oil and gas

February 27, 2025 Mariel Alumit

UK-based energy giant BP has announced it will cut its renewable energy investments and instead increase its investment in oil and gas production. The company buckled under pressure from investors who were unhappy over the […]

ExxonMobil
Big Oil Companies

ExxonMobil to invest around $200m into Australian offshore gas project

February 26, 2025 Mariel Alumit

US supermajor ExxonMobil has announced a nearly $200m investment in the Kipper 1B Project, bringing online much-needed additional gas supply from the Gippsland Basin. The project, approved by ExxonMobil subsidiary Esso Australia and its co-venturers […]

Petrobras
Exploration and Production

Petrobras cancels FPSO tender after bid deemed too expensive

February 25, 2025 Mariel Alumit

Brazil’s state-owned oil and gas giant Petrobras has cancelled a tender for chartering an FPSO for the Barracuda-Caratinga revitalization project. Initially, Petrobras started the contracting process for the FPSO back in the summer of 2023 but […]

Climate Crisis

Charting U.S. Oil Future

February 24, 2025 Andy Del Prado

Daily Standup Top Stories Redrawing of global energy markets map set to heap benefits on US February 23, 2025 Clark Savage The prospects of peace and the return of Russian gas looks likely to serve the […]

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