The Latest

White House Meets Oil Industry over Hurricane Ian Price-gouging Concerns

Biden has warned oil companies not to use the storm as a pretext to raise gasoline prices, which spiked earlier this year after Russia's invasion of Ukraine.

September 30, 2022

Phillips 66 Withdraws Texas Gulf Coast Oil-export Terminal Permit

The EPA this month revoked the pollution control permit for Phillips 66’s Bluewater terminal and directed the oil refiner and pipeline operator to submit a revised proposal.

September 30, 2022

Norway to Patrol Oil and Gas Platforms with Help from Allies, PM Says

“We’re in a dialogue with our allies regarding increased presence in the Norwegian [offshore] sector and have said yes to contributions from Germany, France and Britain,” Prime Minister Jonas Gahr Stoere told a news conference.

September 30, 2022

Five Ways to Increase Grid Resiliency

Increasing grid resilience will help reduce the impacts of climate change events by helping to better withstand and recover from disruptions, writes Dr. Denis Phares, CEO of Dragonfly Energy Corp.

September 30, 2022

Putin Accuses US, Allies of Blowing Up Nord Stream Pipelines

In a speech to mark the annexation of four Ukrainian regions invaded by Russian forces, Putin offered no evidence for the claim. Russia has previously said the U.S. would profit from attacks on Europe’s energy infrastructure.

September 30, 2022

OPEC Oil Output in September Hits Highest Since 2020: Survey

OPEC has pumped 29.81 million bbl/d of oil this month, the survey found, up 210,000 bbl/d from August and the highest since April 2020.

September 30, 2022

Russian Aggression, LNG Market Expansion

Russia’s invasion of Ukraine tilts the LNG market to favor the U.S., which has drilled and innovated its way to become a key global exporter of LNG—thanks in large part to the persistence of Charif Souki.

September 30, 2022

LNG Markets May Tighten Further in 2023, IEA’s Birol Says

“We may well see that the LNG markets in 2023 will be rather tight, maybe tighter than this year,” said Fatih Birol in remarks at the LNG Producer-Consumer Conference in Japan.

September 29, 2022

Drone Activity Observed Near TotalEnergies North Sea Installation

“There have been observations of unauthorized drone activity at the Halfdan B oil and gas field in the North Sea,” a TotalEnergies spokesperson said in a written comment, adding the activity had been observed on Sept. 28.

September 29, 2022

E&P Executives See Biden Administration Bent on Destroying Oil and Gas

Chronic underinvestment will lead to a tighter oil market but most E&P executives see at least some investors returning to the oil and gas market, according to the latest survey by the Federal Reserve Bank of Dallas.

September 29, 2022