The Latest

Zachry Proposes Settlement Agreement to End Golden Pass LNG Standoff

Zachry, an engineering contractor for the Golden Pass LNG project, submitted a settlement agreement in bankruptcy court that would allow Exxon Mobil and QatarEnergy to move forward with the delayed project.

Oil Prices Fall as Investors Take Stock of Biden Exit, Rate Cuts in Focus

Oil prices fell on July 22 after Joe Biden announced he would not seek a second term as U.S. president. 

Report: FTC Probes Hess, Diamondback, Oxy Over OPEC Communications

Investigators are looking for evidence that executives at Hess Corp., Diamonddack Energy or Occidental Petroleum attempted to collude with OPEC officials on oil market dynamics, according to a Bloomberg report.

DOE Approves Order Needed for Startup of Venture Global’s Plaquemines

Venture Global’s project is one step closer to production with the Department of Energy’s permission to export.

Energy Transition in Motion (Week of July 19, 2024)

Here is a look at some of this week’s renewable energy news, including the launch of the California hydrogen hub.

The $22.5B Deal: How ConocoPhillips Won Marathon Oil in 33 Days

ConocoPhillips didn’t show up until April 25, while two other unidentified public E&Ps were bidding for Marathon, according to a filing with the Securities & Exchange Commission.

Occidental Clears FTC Scrutiny to Close $12B CrownRock Deal

The waiting period for Occidental’s $12 billion acquisition of CrownRock LP under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, clearing the way for the deal to close next month.

WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence?

International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future.

US Court Overturns Alaska Oil Lease Sale in a Win for Environmentalists

The ruling affects a lease sale held in December 2022 of offshore tracts for oil and gas development in the Cook Inlet in the northern Gulf of Alaska.

DC Appeals Court Sends Louisiana LNG Permit Decision Back to FERC

The Washington D.C. Court of Appeals' decision follows a railroad dispute headed to the Supreme Court this fall.