Regulatory
News
April 18, 2025
Oil rose slightly at the end of the week after the Trump administration ratcheted up pressure on Iran’s energy exports, while talks between the U.S. and a handful of key trade partners stirred optimism that agreements on trade can be reached.
News
April 17, 2025
In accordance with a halt work order issued by the U.S. government, Empire Offshore Wind LLC (Empire) will safely halt the offshore construction in waters of the outer continental shelf for the Empire Wind project.
News
April 16, 2025
The National Ocean Industries Association has issued a statement after Secretary of the Interior Doug Burgum halted construction activities of the Empire Wind offshore wind project and ordered a review of both existing and pending offshore wind permits.
News
April 16, 2025
Iraq, along with some other members of the OPEC+ alliance, is under pressure from the group’s leaders to make extra supply curbs as compensation for overproducing during the past year, according to sources familiar with the matter.
News
April 14, 2025
Brazil’s oil regulator is set to grant exploration rights in a promising offshore region where state-controlled oil producer Petrobras has faced a years-long dispute with environmental authorities to start drilling. According to the ANP, 31 companies are registered and able to bid, including Petrobras, ExxonMobil, Shell, Chevron, Equinor and bp.
News
April 14, 2025
OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters.
News
April 11, 2025
Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major, which was working to secure crude before wrapping up operations in the country when a U.S. sanctions deadline hits in May.
News
April 10, 2025
Prime Minister Mark Carney pledged to make Canada the world’s “leading energy superpower” through a plan that includes establishing a single office that would decide on major projects within two years.
News
April 09, 2025
APTIM and joint venture partner BWX Technologies, Inc. have been awarded a $1.4 billion contract by the US Department of Energy (DOE) to manage and operate the Strategic Petroleum Reserve (SPR), as well as its associated facilities and systems in Louisiana and Texas.
News
April 08, 2025
U.S. Energy Secretary Chris Wright will tomorrow begin a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC+ oil producer group.
News
April 07, 2025
A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a U.S. oil boss.
News
April 04, 2025
Key OPEC+ nations reiterated the need for members to stick to oil output quotas. The OPEC+ alliance stunned oil traders last week by announcing it would accelerate plans to revive halted supplies next month, with an increase triple the size originally scheduled.
News
April 04, 2025
Brazil’s state-controlled oil producer Petroleo Brasileiro SA said it has finished building a wildlife rescue center, fulfilling a final requirement by Ibama as it seeks approval to drill an exploratory well in a promising region offshore the country’s Northern state.
News
March 31, 2025
The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. The move further isolates Venezuelan President Nicolas Maduro from the world oil market.
News
March 28, 2025
A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf of Mexico, faulting the government with failing to sufficiently analyze its possible effects on the climate and endangered whales.
News
March 28, 2025
The Railroad Commission of Texas assessed $1,888,364 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety.
Article
March 2025
As I write this column from the sunny climes of Madrid, World Oil’s Deepwater Development Conference (MCEDD) is underway and thriving. There is no mistaking the renewed, growing interest in deepwater projects, and the attendance and program confirm it.
News
March 26, 2025
Executives at U.S. shale companies expect President Donald Trump’s 25% steel import tariffs to lead to lower activity in the shale patch, according to the latest energy survey from the Federal Reserve Bank of Dallas.
News
March 20, 2025
Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with U.S. President Donald Trump on Wednesday, Interior Secretary Doug Burgum said.
News
March 20, 2025
OPEC+ nations that have persistently exceeded production quotas provided updated plans to make additional cutbacks in compensation. The pledged reductions should — in theory — offset the group’s plans to revive halted output through to the end of next year.
News
March 20, 2025
EnerMech has appointed Jason Jeow as its new VP for the Asia Pacific region. With decades of extensive experience in the energy and infrastructure sectors, Jeow will confer with regulatory bodies and environmental agencies as well as collaborate with business lines and local leaders.
