Oil & Gas

The U.S. Environmental Protection Agency (EPA) has denied a permit for a major offshore oil terminal proposed on the Gulf Coast near Corpus Christi, ruling that the Bluewater Texas terminal would need to reduce its toxic air pollution by about 95 percent. The Bluewater Texas offshore terminal, proposed in the Gulf about 25 miles southeast

Some of the measures that European governments have taken to keep electricity costs down can be described as a “Ponzi scheme,” said Dan Brouillette, who served as energy secretary under the Trump administration. “One of the easiest policy levers if you will, is that you can pass a bill, appropriate money and give money to

Energy rationing in Europe this winter is starting to look all but inevitable. German officials on Saturday insisted that security of supply was guaranteed, at least for now, after Russia’s Gazprom PJSC made a last-minute decision not to turn the crucial Nord Stream pipeline back on after maintenance. Storage is filling up and new sources of gas

Russia has drastically reduced gas supplies to Europe in recent weeks. Odd Andersen | Afp | Getty Images Russia’s state-owned energy giant Gazprom on Wednesday halted gas flows to Europe via a major pipeline, citing maintenance works on its only remaining compressor. It is expected that gas flows via Nord Stream 1, which runs from

Senegal needs as much as $5 billion of investment to develop the next phase of a key offshore gas field, according to the West African nation’s President Macky Sall. The Greater Tortue Ahmeyim project, straddling the border between Senegal and Mauritania, is being developed by BP Plc and Kosmos Energy Ltd. Production for the first

The European Union is “ready to react” to Russia’s decision to halt gas supplies to the bloc, a top EU official told CNBC on Saturday. Russia’s state-owned energy giant Gazprom on Friday announced an indefinite halt to gas flows to Europe via the Nord Stream 1 gas pipeline, citing the need for additional repairs. The

Jumbo Offshore has completed another one of its milestone projects with the execution of the transport and installation of a torpedo pile mooring system, including mooring for flexible risers, and umbilical for Libra Consortiums Guanabara FPSO. Libra Consortium is operated by Petrobras (38.6%), in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC (9.65%),

Oil well and pump jacks near housing developments in the City of Signal Hill in Los Angeles County, California. Citizen of the Planet | Education Images | Universal Images Group | Getty Images California lawmakers on Wednesday sent a bill to the governor that would impose a statewide buffer zone to separate homes, schools, hospitals

The California Independent System Operator (ISO) has issued a statewide call for voluntary electricity conservation for the third straight day. The most recent ‘Flex Alert’, as the action has been dubbed, was implemented for September 2, from 4pm to 9pm. A flex alert is issued by the ISO when the electricity grid is under stress

Idle cranes line empty docks at the port of Constanta, Romania, on Tuesday, June 21, 2022. Oil prices will hold steady for the rest of the year with marginal declines in 2023, analysts estimated, with the exception of one who foresees “more bullish than bearish factors” for the market going forward. Andrei Pungovschi | Bloomberg

Offshore driller Seadrill Limited has entered into a binding Share Purchase Agreement with subsidiaries of ADES Arabia Holding Ltd. to sell the legal entities that own and operate seven jack-ups in Saudi Arabia. Upon completion of the sale, the AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida, and West Leda will

Supporters of Iraqi cleric Muqtada al-Sadr clash with security forces at Green Zone after Sadr supporters stormed the presidential palace in Baghdad, Iraq, on Aug. 30, 2022. The move came shortly after al-Sadr announced his total withdrawal from politics amid a months-long political crisis in the country. Murtadha Al Sudani | Anadolu Agency | Getty

Equinor is close to first power from the world’s first floating wind farm to power offshore oil and gas platforms and the start-up of the world’s largest wind farm. The two projects in question are Hywind Tampen and Dogger Bank, both located in the North Sea where Equinor has more than ten years of experience

Warren Buffett may be a big fan of oil giant Occidental Petroleum , but Morningstar has a more bearish view on the stock. Shares in Occidental Petroleum closed at around $74 on Friday— a whopping 68.2% premium to Morningstar’s analyst David Meats’ fair value estimate of just $44. Occidental’s share price gain of around 140%

French Prime Minister Elisabeth Borne urged businesses to cut energy use or face possible rationing this winter if Russia halts gas deliveries. “It’s urgent to stop any energy consumption that isn’t indispensable immediately,” Borne said Monday in a speech to business leaders at a conference near Paris. If not “there could be brutal gas outages

Energy Minister Van der Straeten said the link between gas prices and electricity prices needed urgent reform. Picture Alliance | Picture Alliance | Getty Images Belgian Energy Minister Tinne Van der Straeten warned that the next 5 to 10 winters in Europe will be “terrible” unless the European Union moves to swiftly impose a price

Oil and gas company Enauta has opted to preventively interrupt production at the Atlanta field after detecting problems with a hose. Enauta said that the hose issue was discovered during the process of concluding the shutdown for maintenance of the Atlanta Field To remind, the Atlanta field is under the stabilization period following maintenance, and

Brie Olootu pumps gas at an Exxon Mobil gas station on June 09, 2022 in Houston, Texas. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images WASHINGTON — As the White House publicly promotes falling gas prices, behind the scenes, officials worry prices could rise

Carl Hoiland grew up in a rural Oregon, taking trips into the Sierra Mountains with his grandfather to prospect gold and uranium. In grad school, Hoiland studied geothermal energy, the complex science of converting heat sources buried within the earth into electricity. He quickly learned how little the field had advanced. Geothermal developers sometimes gets

The energy sector has been one bright spot in the dismal market action this week. The S & P 500 energy sector has rallied more than 5% week to date, making it the only positive sector for the week. Meanwhile, the broader index was slammed Friday after Federal Reserve Chair Jerome Powell said the central