Regulatory
News
March 07, 2025
Oil鈥檚 one-day advance wasn鈥檛 enough to rescue prices from a seventh straight weekly decline as the prospect of a temporary truce in Ukraine capped on-again, off-again tariff news that upended global markets.
News
March 06, 2025
The UK government is drafting a new tax regime for oil and gas companies to replace a controversial windfall levy after 2030, with an aim to hit companies only when prices are unusually high.聽The UK also聽confirmed plans聽to end new North Sea exploration licenses for oil and gas.
Article
February 2025
President Donald Trump鈥檚 remaking of U.S. energy policy is moving at breakneck speed, with many moving parts.聽聽聽
News
March 04, 2025
The U.S. Treasury followed through on President Trump鈥檚聽pledge聽to stop Chevron's operations in Venezuela, delivering a major blow to Nicolas Maduro鈥檚 autocratic regime.聽Chevron has ramped up production in recent years to supply about 20% of Venezuela's overall output.
News
March 04, 2025
ChampionX's Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb, marking a significant milestone in emissions management.
News
March 03, 2025
OPEC+ will proceed with plans to revive halted oil production after repeated delays, amid pressure from President Donald Trump to lower oil prices. The group led by Saudi Arabia and Russia will go ahead with the increase of 138,000 bpd in April, a delegate said.
News
February 28, 2025
The Association of the Petroleum Industry of Kurdistan (APIKUR) applauds U.S. Secretary of State Marco Rubio鈥檚 efforts to restart oil exports from the Kurdistan Region of Iraq, including in a call with Iraqi Prime Minister Mohammed Shia al-Sudani on February 25, 2025.
News
February 28, 2025
The聽Texas Alliance of Energy Producers聽and the Independent Petroleum Association of America (IPAA) have both released statements applauding energy leaders in the U.S. House and Senate in eliminating a costly and harmful EPA rule put into place late last year.聽
News
February 27, 2025
The Senate has voted to repeal a new U.S. fee on methane emissions from oil and gas producers, sending the measure to President Trump for signature.聽Trump previously criticized the Biden administration's oil and gas regulations as too burdensome on the industry.
News
February 26, 2025
U.S. President Donald Trump said he plans to revoke an oil license to operate in Venezuela, citing the country鈥檚 failure to take back migrants to the U.S. as quickly as it promised. Under the terms of the license, Chevron would have to exit Venezuela by the end of July.
News
February 26, 2025
American Petroleum Institute (API) President and CEO Mike Sommers addressed聽the Economic Club of Pittsburgh where he discussed rising electricity demand driven by the AI revolution and detailed policy solutions for the Trump administration and new Congress to power America鈥檚 energy future.
News
February 25, 2025
Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and production projects at a key moment in the nation鈥檚 effort to boost crude output.聽
News
February 25, 2025
"America鈥檚 energy sector shouldn鈥檛 pick winners or losers; it should allow the free market to provide rock-bottom prices." Texas Railroad Commissioner Wayne Christian gives his take on energy subsidies and the dangers of runaway government spending in this Op-Ed.
News
February 21, 2025
National Ocean Industries Association President Erik Milito has issued a statement after the Bureau of Ocean Energy Management (BOEM) rescinded NTL No. 2023-G01, Expanded Rice鈥檚 Whale Protection Efforts During Reinitiated Consultation with NMFS.
News
February 20, 2025
The Railroad Commission of Texas assessed $1,346,019 in enforcement docket fines against operators and businesses at the Commissioners鈥 open meeting on Wednesday. The Commission has primary oversight and enforcement of the state鈥檚 oil and gas industry and intrastate pipeline safety.
News
February 19, 2025
Sentinel's Texas GulfLink deepwater port has received approval from the U.S. DOT's Maritime Administration, marking a critical step forward for crude oil exports after a multi-year review process.
News
February 17, 2025
OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from U.S. President Trump to lower prices, delegates said. Postponing the increase of 120,000 bpd would mark the fourth such delay by the alliance since 2022.
News
February 14, 2025
U.S. President Trump ordered the creation of a White House council focused on steering the U.S. toward 鈥渆nergy dominance,鈥 with the promise of action as soon as next week.聽The council will be led by Interior Secretary Doug Burgum, with Energy Secretary Chris Wright as its vice-chair.
News
February 13, 2025
The International Energy Agency has lowered expectations for a global oil surplus this year amid stronger demand growth in Asia and sanctions on OPEC+ nations. "Time and again, oil markets show adaptability in the face of major challenges," the agency said.
News
February 11, 2025
(Bloomberg) 鈥 Dar Petroleum Operating Co. has resumed producing oil from a number of its wells in South Sudan after almost a year, people with knowledge of the matter said.
Article
January 2025