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HomeExploration and Production

Exploration and Production

Biden’s
Crude Oil News

GOP state AGs sue to block Biden’s crackdown on gas cars: ‘Radical green agenda’

April 19, 2024 Mariel Alumit

Republican attorneys general from 25 states on Thursday sued the Environmental Protection Agency to block rules intended to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, arguing the agency exceeded its legal authority. […]

Biden Administration
Crude Oil News

Biden Administration Restricts Oil Drilling and Mining in Alaska

April 19, 2024 Mariel Alumit

The U.S. Administration finalized on Friday a strategy to help protect federal lands, which includes restricting access to drilling and mining in a large part of the National Petroleum Reserve in Alaska (NPR-A). The Public Lands Rule […]

bp
Crude Oil News

bp focuses on Gulf of Mexico despite play-opening discoveries by peers in Guyana, Namibia

April 18, 2024 Mariel Alumit

(Bloomberg) – For a company that made its name with frontier oil discoveries from Iran to Alaska, bp Plc is notably absent from today’s hottest new oil plays. The company’s head of exploration and production […]

energy
Energy Policy

Unlocking America’s energy potential by reversing Biden’s LNG export ban

April 18, 2024 Mariel Alumit

When energy security and economic prosperity hang in the balance, the importance of prioritizing American energy production cannot be overstated. That is why it is imperative to reverse President Biden’s ban on future liquefied natural […]

Groningen gas field
Exploration and Production

Groningen gas field set for shutdown as Dutch Senate approves law

April 17, 2024 Mariel Alumit

The Dutch Senate approved a law Tuesday to permanently close the Groningen gas field, removing the final obstacle to a shutdown, after the government promised it would never resume production in order to limit seismic risks […]

Shell
Big Oil Companies

Why ‘the dam would break’ if Shell quit the FTSE

April 15, 2024 Mariel Alumit

Endless hours have been spent imagining a world without oil as net zero looms decades in the future. In London, however, stock exchange chiefs face the prospect of a more immediate – and more worrying […]

Drilling
Crude Oil News

U.S. Drilling Activity Continues to Drop Off

April 12, 2024 Stu Turley

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 3. U.S. drillers saw […]

Drilling
Crude Oil News

Biden Administration Finalizes Historic Reforms For Oil And Gas Drilling On Federal Lands

April 12, 2024 Stu Turley

Gas and oil companies drilling on public lands in the U.S. will have to pay $150,000 per lease on federally owned lands, an exponential increase of the $10,000 bond amount that’s been in place for […]

Texas
Crude Oil News

Texas Natural Gas Prices Are Negative As Drillers Chase Oil Sales

April 11, 2024 Mariel Alumit

Natural gas prices at the Waha hub in the Permian basin in Texas slumped to a negative value of -$2.00 per million British thermal units (MMBtu) this week as the recent rise in oil prices […]

Petrobras
Crude Oil News

Petrobras makes ultra-deepwater oil discovery in exploration well in Brazil’s Equatorial Margin

April 11, 2024 Mariel Alumit

(WO) – Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploration well on concession POT-M-762_R15. The 1-BRSA-1390-RNS (Anhangá) well is offshore between Ceará and Rio Grande […]

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