The Latest

Investment

Report: Tighter Climate Policies Could Erase $2.3 Trillion In Stock Value

UN-backed investor group predicts quicker government action as climate impacts grow.

December 9, 2019

Exploration & Production

Saudi Delivers Deeper Cuts As OPEC+ Oil Producers Back New Pact

Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million barrels per day (MMbbl/d), Saudi Energy Minister Prince Abdulaziz bin Salman said.

December 6, 2019

Exploration & Production

Oil Companies Press Mexican President To Resume Suspended Auctions

Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell Plc, among other firms in Mexico’s Association of Hydrocarbon Companies (Amexhi), say they have met output targets and investment pledges worth hundreds of millions of dollars in the initial phases of their contracts.

December 5, 2019

Shelf

Marco Rubio Blocks Trump Interior Nominee Over Offshore Drilling

Florida Republican Senator Marco Rubio has placed a hold on the Senate confirmation of President Donald Trump's pick to become the deputy secretary of the Interior Department, Katharine MacGregor, over concerns about the agency's plans to expand offshore drilling, his office said on Dec. 4.

December 4, 2019

Exploration & Production

Oil Companies Swap Stakes In Mexico As Government Holds Off On Auctions

Companies selling stakes include large foreign producers that were awarded blocks in previous rounds.

December 4, 2019

Policy & Regulations

Cheniere Seeks U.S. OK To Process Return To Louisiana Sabine LNG Tank That Leaked

Cheniere, the biggest U.S. LNG exporter, said in a filing earlier this week that its proposed process would prioritize work on one tank, known as S-101, and allow that tank to return to service in the near term.

December 4, 2019

Policy & Regulations

US Blacklists Six Oil Tankers In New Venezuela-related Sanctions

The United States and more than 50 other countries have recognized Venezuelan opposition leader Juan Guaido as the legitimate president.

December 3, 2019

Legislation

US Senate Confirms Brouillette As Energy Secretary

The U.S. Senate on Dec. 2 confirmed Dan Brouillette, a former top lobbyist for Ford Motor Co who believes fossil fuels will power a large part of world energy needs for many decades, as President Donald Trump's second energy secretary.

December 2, 2019

Natural Gas

Gas Producer Energean Commits To Net Zero Carbon Output By 2050

London company, which is also an oil producer, plans operational efficiencies and a shift toward natural gas.

December 2, 2019

Liquefied Natural Gas (LNG)

Midstream Connections Solid, Future Waves Less So

Second-wave and modular LNG enter the picture, as do big plants in British Columbia.

December 2, 2019