President Donald Trump is proposing a change to the National Environmental Policy Act to speed up oil and gas infrastructure projects, a first in 50 years.
Candidate’s stance could help in Texas primary but upset progressives in Democratic Party.
Grizzly Energy retained PetroDivest Advisors is offering for sale its oil and gas producing properties, leasehold and related assets in the Wind River Basin located in Wyoming.
Drillers cut one oil rig in the week to Feb. 28, bringing down the total count to 678, energy services firm Baker Hughes Co. said in its weekly report.
EOG Resources plans to test about six oil and gas prospects this year with a focus on adding premium drilling locations while still lowering well costs.
Italian energy company Eni pledged on Feb. 28 to reduce its oil production from 2025 and slash its greenhouse gas emissions by 80% in one of the most ambitious clean-up drives in an industry under pressure from investors to go green.
Wood has been selected to deliver a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico, the company said on Feb. 27.
Two Bone Springs completions reported by EOG in the Permian Basin and Chesapeake Energy Haynesville Shale discoveries top this week’s drilling activity highlights from around the world.
Occidental Petroleum has been aggressively cutting costs by laying off staff and selling assets to pay down its $38.54 billion debt pile following its acquisition of Anadarko Petroleum.
The incremental Permian-Gulf Coast capacity lends further support to Midland pricing, said analysts with Tudor, Pickering, Holt & Co. in a research note.
The Houston-based company’s total production rose 11% to 78.2 million barrels of oil equivalent per day for the quarter ended Dec. 31.