The US opens up the Alaska Wildlife Refuge to oil and Gas Development
The Trump administration announced on Thursday a series steps to open the Alaskan wilderness for energy and infrastructure development. This includes resuming leasing of oil and gas in remote Arctic National Wildlife Refuge. The Interior Department said…
Petrobras CEO: Production at Foz do amazonas could start in seven years
Magda Chambriard, Chief Executive of Petrobras, said on Tuesday that the Brazilian state-owned oil company could begin oil and gas production within seven years in the Foz do Amazonas Basin if the presence of large reserves is confirmed. Petrobras will…
Santos' GLNG facility will stop purchasing Australian domestic gas by 2027
Santos' Gladstone Liquefied Natural Gas plant (GLNG) in Australia will cease buying gas produced domestically to meet export contracts, according to its CEO on Tuesday. This could help ease the supply shortages on Australia's east coast. GLNG's CEO Stephen…
Shell approves Nigerian offshore gas development in partnership with Sunlink
Shell announced on Tuesday that it had approved the development of a gas offshore project in Nigeria with Sunlink Energies. This is the latest investment in a long line of investments made by Shell's Nigerian business. Shell stated that the HI offshore project will…
Court rules that Biden's ban on offshore drilling is illegal
Former U.S. A federal judge in Louisiana found that the president had exceeded his authority when he withdrawn large areas of U.S. coasts from offshore oil and natural gas development. U.S. District judge James Cain, in Lake Charles in Louisiana, sided…
Brazil environmental agency approves Petrobras emergency drill results in Foz do Amazonas
Documents seen by revealed that Petrobras passed the emergency response test set by environmental regulators for the Foz do Amazonas Basin on Wednesday. This marks a major victory for the state oil company in its goal to drill in this environmentally sensitive area.
Nigeria's TotalEnergies deal marks shift to gas development
The Nigerian production-sharing agreement with TotalEnergies will be a model for future agreements, according to the oil regulator. It is the first contract based on a new law aimed at boosting the gas production of the OPEC country. The Petroleum Industry Act of 2021…
ADNOC Gas posts record quarterly profit despite lower prices
ADNOC Gas announced on Wednesday that its net profit for the second quarter rose by 16% as a result of a strong domestic market and improved operational efficiency, which helped to offset lower hydrocarbons prices. The subsidiary of Abu Dhabi’s state oil…
Chinese independent oil companies in Iraq
A few independent Chinese oil companies have poured into Iraq and are planning multi-billion dollar projects to develop the vast reserves. They want to compete with global state-backed majors who dominate production in OPEC’s second largest producer. These…
ADNOC Gas Awards $5 Billion In Contracts For Rich Gas Development Project
ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion in contracts to expand and improve efficiency at the project.The contracts involve expanding processing units to boost throughput and improve operational efficiency a
Petrobras wins in Amazon drilling but licensing is in doubt
The Brazilian environmental agency Ibama announced a decision on Monday that will allow state-run Petrobras to move closer to drilling oil in a highly sought after offshore region. However, it also came with a warning for future permits. The documents seen…
US accelerates oil and gas land parcel review for federal leasing
Interior Department announced on Tuesday that the Trump administration would reduce the time required to review land parcels for oil and natural gas development on federal lands by half. The new process will take six months. The decision to streamline the…
Democratic State Attorneys General sue Trump to stop his energy emergency
15 state attorneys general filed a lawsuit against Donald Trump, the president of the United States, on Friday in an attempt to stop his National Energy Emergency. The states said that it was an illegal effort to ignore regulations and to fast-track permits for oil and natural gas development.
Democratic State Attorneys General sue Trump to stop his energy emergency
15 state attorneys general filed a lawsuit against President Donald Trump Friday in an attempt to stop his National Energy Emergency, which they said was an illegal effort to ignore regulations and speed up permitting for oil and natural gas development.
Nigeria's NNPC and partners to build 5 mini-LNG for local gas usage
A company spokesperson announced late Thursday that the state-owned Nigerian National Petroleum Company has started construction on five mini-liquefied gas plants (LNG). This is part of government initiatives to boost economic growth and gas consumption.
Oil industry unlikely rush to Alaska despite Trump’s call for drilling
U.S. companies will not expand their development in Alaska or the Arctic after President Donald Trump signed an executive order that allows them to do so. Industry representatives and company officials said this, pointing out that a future president would be able to reverse Trump's decision. U.S.
Can Trump reverse Biden's offshore oil drilling ban?
In an executive order issued on Monday, President Donald Trump revoked the ban placed by former Democratic president Joe Biden against new offshore oil-and-gas development along most of America's coasts. Trump will face legal challenges regarding his authority. What did BIDEN and Trump do?
Republican-led states file suit against Biden administration for offshore drilling ban
A group of Republican states filed a suit on Friday to challenge a ban on offshore oil and natural gas development announced earlier this month by the outgoing Democratic U.S. president Joe Biden. According to a court document, the lawsuit is seeking a…
Alaska sues Biden Administration over ANWR Leases
The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U.S. District…
Trump announces that he will immediately revoke the offshore drilling ban imposed by Biden
Donald Trump, the U.S. president-elect, said Tuesday that he would move quickly to lift a ban on offshore oil and natural gas drilling announced by Joe Biden, the outgoing Democratic president. "Banning off-shore drilling will not hold. Trump announced…