The Latest

bp Solar Joint Venture Expanding in Australia with Two New Projects

Through Lightsource bp's development of two new Australian solar farms, it will become the country's biggest solar developer by capacity.

August 16, 2022

Analysis: Oil, Gas Companies to Bear Brunt of New Taxes from Inflation Reduction Act

Oil and gas producers will see new taxes and fees and their effective cash tax rates rise to 15% compared to other sectors, such as a 5% increase for tech.

August 16, 2022

Oil Industry Gears Up to Tap US Climate Bill for Carbon Capture Projects

“This is going to unlock a significant amount of emissions that could become economic for capture,” Milestone Carbon's Chris Davis said of the $430 billion U.S. climate and tax bill and the carbon capture and storage hubs that will come from it.

August 15, 2022

Calif. Governor Proposes $1.4 Billion Loan to Keep Nuclear Plant Open

Decision to reconsider retirement of Diablo Canyon plant stems from rolling blackouts in 2020.

August 15, 2022

Venezuelan Oil Continues Slow Recovery Trajectory

Venezuela is on path to double-digit oil production growth this year compared to last, a feat that last occurred in 2004, according to OPEC data compiled by Hart Energy.

August 15, 2022

Iran Tanker Retrieves Oil Seized by US, Set to Leave Greece

In April, the U.S. commissioned a tanker to impound Iranian oil off the coast of Greece.

August 15, 2022

US Offshore Oil Output to Restart After Pipeline Fix

On Aug. 11, a Shell-operated pipeline leaked approximately 2 bbl of oil into the U.S. Gulf of Mexico.

August 15, 2022

Climate Act Affirms Oil and Gas Role in Energy Future

The Inflation Reduction Act of 2022 is designed to accomplish a number of policy goals. Watch this Two-Minute Drill segment to learn the pluses and minuses.

August 15, 2022

PDVSA Pauses Oil-for-debt Shipments to Europe

OPEC producer Venezuela has suspended new crude oil shipments to Europe under an oil-for-debt deal and instead is seeking fuel in exchange for future cargoes.

August 12, 2022

Italy to Fast Track Permit for New Regasification Vessel

Italy's new regasification vessel should expand the country's LNG import capacity, Italian Ecological Transition Minister Roberto Cingolani reported.

August 12, 2022