The Latest

Oil Up Over $2 on Tighter Supply While OPEC+ Talks Limit Gains

Capping gains, the OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Nov. 30.

November 30, 2022

US Senators Introduce API-Backed Bill to Expand E15 Gasoline Sales

While it is unknown if the bill to expand nationwide sales of E15, a gasoline with a higher blend of ethanol, has the support it needs to pass both the House and Senate to become law, the backing of the oil industry has lifted a notable political obstacle.

November 30, 2022

How E&Ps’ ESG Disclosures Fare Ahead of SEC Proposals

Haynes Boone partner Stephen Grant explained how forthcoming regulations from the U.S. Securities and Exchange Committee will affect how public oil and gas companies implement ESG metrics into their businesses.

November 30, 2022

Venezuela to Sign New Contracts to Boost Oil Output at Joint Ventures

"It is a regular practice for Chevron Venezuela leadership to meet with authorized PDVSA and government representatives in relation to the activities that the company is authorized to undertake in the country," Chevron said.

November 30, 2022

US Coast Guard Says Calcasieu, Louisiana Oil Spill Contained

On Nov. 28, an approximated 3,500 gallons of lubricant oil from a Martin Energy Services secondary containment facility spilled near Calcasieu Point Landing, La.

November 30, 2022

Coterra Energy to Pay $16.3 Million for Pennsylvania Water Contamination Plea

The Pennsylvania attorney general charged Coterra Energy in 2020 after a grand jury investigation showed that drilling unconventional gas wells by the company had been responsible for methane pollution in the local water supply.

November 30, 2022

Norway to Postpone Oil and Gas Licensing Round

The government, in power since last year and led by Labour Party Prime Minister Jonas Gahr Stoere, has pledged to “develop, not phase out” offshore petroleum production, Norway’s biggest industry.

November 29, 2022

China’s Xi Looks to Strengthen Energy Ties with Russia

In response to a G7 proposal to cap Russian oil prices, the Kremlin has promised to re-route supplies to countries that do not support the idea, with both China and India increasing oil purchases from Moscow.

November 29, 2022

Could Carbon Capture be Mission Impossible?

CCUS has the potential to decarbonize 45% of remaining emissions from carbon-intensive industries, according to McKinsey & Co. research, but achieving that level of reduction is mission impossible with the current level of investment.

November 29, 2022

ConocoPhillips, QatarEnergy to Supply Germany with LNG Starting in 2026

ConocoPhillips and QatarEnergy signed two agreements to ship Qatari-produced LNG to Germany starting in 2026, helping to fill the energy supply gap created in that European country by reduced gas flows from sanctioned Russia.

November 29, 2022