US to revise offshore oil and natural gas bonding rules era Biden
The Trump administration is revising a Biden era rule which required the oil and natural gas industry to provide new financial guarantees of nearly $7 billion to cover the costs of decommissioning older infrastructure.
Baker Hughes reports that US drillers have cut back on oil and gas drilling for the first time in 3 weeks.
Baker Hughes, a leading energy services company, said that the U.S. oil and gas companies have cut back on the number of rigs for the first time since three weeks. The number of oil and gas rigs…
Exxon exceeds Wall Street profit estimates, thanks to Guyana and Permian oil production
Exxon Mobil beat Wall Street's first-quarter profit estimate on Friday as higher oil and natural gas production in Guyana and Permian Basin helped boost earnings. According to data compiled and analyzed by LSEG…
Greece approves the tender for hydrocarbons in four offshore blocks
The energy ministry announced on Thursday that Greece had approved an international bid for hydrocarbon exploration of four blocks in Mediterranean Sea following expressions of interest…
Exxon exceeds Wall Street profit estimates, thanks to Guyana and Permian oil production
Exxon Mobil beat Wall Street's first-quarter profit estimate on Friday as higher oil and natural gas production in Guyana and Permian Basin helped boost earnings. According to data compiled and analyzed by LSEG…
The price of gas in Europe is rising due to cooler weather and competition from Asia
Dutch and British wholesale prices for gas rose early on Friday, amid forecasts that demand would increase as temperatures cool and to stay competitive with Asian buyers of LNG. According to LSEG…
Shell Q1 profit drops 28%, but beats expectations
Shell reported Friday a 28% decline in its first-quarter profit, to $5.58billion, exceeding analyst expectations. It also kept pace with its share buyback program despite falling oil…
The policies of Australia's major political parties in a single glance
Australians will cast their votes on Saturday, in a tight-run national vote marked by concerns about the cost of housing and living as well as the trade tensions caused by U.S. president Donald Trump's tariffs.
Venture Global raises $3 Billion for CP2 Louisiana LNG Plant
Venture Global announced on Thursday that it had raised $3 billion to finance the construction of the CP2 LNG Plant in Louisiana. This would be the biggest liquefied gas plant in America. Venture Global, the U.S.
EOG Resources exceeds profit expectations, reduces capital expenditure plan due to tariff uncertainty
EOG Resources posted a first-quarter profit that was higher than expected on Thursday. The company enjoyed higher natural gas production and prices, but cut its capital spending plan due to tariff uncertainty.
Sources say that the court hearing for Exxon's dispute with Chevron over Hess-Chevron deal will be held on May 26.
Two sources with knowledge of the matter say that, according to the Paris-based International Chamber of Commerce, a hearing has been scheduled for May 26 in Exxon Mobil’s arbitration…
Trump administration sues Hawaii and Michigan to block planned lawsuits on climate change
The Trump administration sued Hawaii and Michigan in an attempt to prevent them from suing major oil companies for their role in climate changes. They accused the Democratic-led state of overreach…
The Trump administration sueded Michigan to stop a planned climate change lawsuit
The Trump administration sued Michigan to stop it from suing oil companies for their role in climate change. They claimed that the Democratic-led Michigan was blocking domestic energy production.
DTE Energy's quarterly profit increases on the strength of its gas and energy trading
DTE Energy, a U.S. utility company, reported an increase in profit for the first quarter on Thursday. This was largely due to its strength in gas and energy trading. The cold weather…
Targa Resources announces higher Q1 core profits on strength of North Dakota assets
Targa Resources, a pipeline operator, reported on Thursday a higher adjusted core profit for the first quarter. This was due to its Badlands operations located in North Dakota as well…
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, mainly due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders.
Operator data shows that Ukraine increased its gas imports on Thursday by 40%.
The operator of the national gas transmission system announced that Ukraine would increase its gas imports on Thursday by almost 40%, to 13,3 million cubic meters. This is due to an increased import from Hungary.
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, primarily due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders.
As the election approaches, Australia's richest woman says she wants Trump like reforms
Gina Rinehart, a mining magnate in Australia, is calling on the country to adopt a Donald Trump-style of leadership and cut government spending while increasing defence expenditures and energy security.
Indonesia is planning to build 10 GW of nuclear power as part of a major push for renewable energy, a presidential adviser says
In an interview, a senior adviser to President Prabowo said that Indonesia is planning a major expansion of renewable energy in Indonesia by 2040. This will include the introduction of nuclear power of 10 GW.
