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Federal Leasing Costs Hiked Under Democrats’ New Inflation and Climate Bill
2022-08-04 - Even window shopping for acreage, or submitting an official expression of interest in an area for potential auction by federal land authorities, would carry a $5 per acre cost if the bill is passed.
Biden Administration to Hold First Onshore Oil, Gas Lease Sale
2022-06-28 - The BLM lease sales will run June 29-30 and will cover more than 140,000 acres across eight Western states, posing a test of the oil and gas industry's demand for new prospects at a time of soaring global energy prices.
Exxon Mobil, Imperial Sell Canada Shale Assets for $1.5 Billion Cash
2022-06-28 - Imperial and Exxon Mobil agreed to sell XTO Energy Canada, a jointly owned shale producer in Western Canada, in an all-cash transaction to Whitecap Resources.
Environmental Groups Sue to Block Biden Administration Oil and Gas Auctions
2022-06-29 - The lawsuit, filed in federal court in Washington D.C., alleges that the Interior’s Bureau of Land Management violated the law by failing to adequately analyze the oil and gas lease sales’ impact on climate change.
BW Energy Inks Deals in Brazil’s Espírito Santo Basin for $148 Million
2022-06-27 - BW Energy will acquire a 100% working interest in Petrobras' Golfinho and Camarupium clusters interests, as well as Saipem's FPSO Cidade de Vitoria in the Golfinho field offshore Brazil.