Regulatory
News
April 29, 2025
"A vibrant and supported energy industry, including offshore oil and gas, hydroelectricity and clean fuels, can move our country forward in uncertain times. Energy NL looks forward to working with Prime Minister Carney," said Energy NL's CEO Charlene Johnson.
News
April 28, 2025
Russia鈥檚 oil producers have been drilling wells at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some international sanctions over its invasion of Ukraine.聽
News
April 28, 2025
Drillers in Canada鈥檚 Alberta energy region are shifting their focus to natural gas as the global trade war and OPEC+ output increase hammers crude prices. The number of licenses for new gas wells issued in Q1 rose 26%, according to Alberta Energy Regulator聽data.
News
April 25, 2025
Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world鈥檚 largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.
News
April 23, 2025
Energy NL is providing details on responses received from two of the major federal parties regarding the development and prioritization of Newfoundland and Labrador's energy sector. The response follows Energy NL's letter sent last month to all three parties.
News
April 23, 2025
OPEC+鈥檚 audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, amid growing tensions with Kazakhstan. Kazakhstan Energy Minister Erlan Akkenzhenov appeared on Wednesday to reject pressure to bring output in line with OPEC+'s quota.
News
April 18, 2025
Oil rose slightly at the end of the week after the Trump administration ratcheted up pressure on Iran鈥檚 energy exports, while talks between the U.S. and a handful of key trade partners stirred optimism that agreements on trade can be reached.
News
April 17, 2025
In accordance with a halt work order issued by the U.S. government, Empire Offshore Wind LLC (Empire) will safely halt the offshore construction in waters of the outer continental shelf for the Empire Wind project.
News
April 16, 2025
The National Ocean Industries Association has issued a statement after Secretary of the Interior Doug Burgum halted construction activities聽of the Empire Wind offshore wind project and ordered a聽review of both existing and pending offshore wind permits.
News
April 16, 2025
Iraq, along with some other members of the OPEC+ alliance, is under pressure from the group鈥檚 leaders to make extra supply curbs as compensation for overproducing during the past year, according to sources familiar with the matter.
News
April 14, 2025
Brazil鈥檚 oil regulator is set to grant exploration rights in a promising offshore region where state-controlled oil producer Petrobras has faced a years-long dispute with environmental authorities to start drilling. According to the ANP, 31 companies are聽registered聽and able to bid, including Petrobras, ExxonMobil, Shell, Chevron, Equinor and bp.聽
News
April 14, 2025
OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump鈥檚 tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters.
News
April 11, 2025
Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major, which was working to secure crude before wrapping up operations in the country when a U.S. sanctions deadline hits in May.
News
April 10, 2025
Prime Minister Mark Carney pledged to make Canada the world鈥檚 鈥渓eading energy superpower鈥 through a plan that includes establishing a single office that would decide on major projects within two years.
News
April 09, 2025
APTIM and joint venture partner BWX Technologies, Inc. have been awarded a $1.4 billion contract by the US Department of Energy (DOE) to manage and operate the Strategic Petroleum Reserve (SPR), as well as its associated facilities and systems in Louisiana and Texas.
News
April 08, 2025
U.S. Energy Secretary Chris Wright will tomorrow begin a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC+ oil producer group.
News
April 07, 2025
A top executive at Diamondback Energy Inc. called on President Donald Trump鈥檚 administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a U.S. oil boss.聽
News
April 04, 2025
Key OPEC+ nations reiterated the need for members to stick to oil output quotas. The OPEC+ alliance聽stunned oil traders聽last week by announcing it would accelerate plans to revive halted supplies next month, with an increase triple the size originally scheduled.
News
April 04, 2025
Brazil鈥檚 state-controlled oil producer Petroleo Brasileiro SA said it has finished building a wildlife rescue center, fulfilling a final requirement by Ibama as it seeks approval to drill an exploratory well in a promising region offshore the country鈥檚 Northern state.
News
March 31, 2025
The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. The move further isolates Venezuelan President Nicolas Maduro from the world oil market.聽
News
March 28, 2025
A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf of Mexico, faulting the government with failing to sufficiently analyze its possible effects on the climate and endangered whales.聽