In a landmark decision, the U.S. Supreme Court has overturned the Chevron doctrine, a decades-old legal precedent that granted federal agencies the authority to interpret ambiguous laws. The 6-3 ruling marks a significant shift in the…
The U.S. Department of the Interior will hold next month an offshore wind lease sale in the Central Atlantic as the Biden Administration continues to pursue advancing renewable energy installations, the Interior said on Friday. The areas,…
Ukrainian President Volodymyr Zelenskiy on June 27 signed security agreements with the European Union, Estonia, and Lithuania at the start of a two-day EU summit in Brussels. The security deal with the European Union reinforces the bloc’s…
Supreme Court Halts EPA's Good Neighbor Plan: Implications for the Oil and Gas Industry In a significant decision affecting environmental regulation and interstate pollution, the Supreme Court has temporarily halted the Environmental…
The United States on June 27 issued fresh sanctions against Iran in response to Tehran further expanding its nuclear program, U.S. Secretary of State Antony Blinken said in a statement. "Over the past month, Iran has announced steps to…
Repsol has been in discussions to merge its UK North Sea operations with NEO Energy in what could be another consolidation offshore the UK, where operators struggle with a high windfall tax. The Spanish energy major has been holding…
A California law that limits the drilling of new wells near homes and schools is set to take effect after the oil industry dropped a proposal to fight these limits on the November ballot and chose to pursue legal action instead. In 2022,…
The U.S. Senate budget committee has initiated an investigation into close to 20 large oil and gas producers following allegations about collusion between the industry and OPEC to push oil prices higher by constraining production. The…
Poland’s energy firm Orlen has warned gas companies in three other central European countries that it could seize their payments to Gazprom for natural gas imports as part of a claim against the Russian gas giant for losses Poland has…
Brent crude overtook $86 on Thursday as fears of an all-out war between Israel and Lebanon took center stage, with Iraq’s Iran-backed militias vowing to strike U.S. interests in the Middle East if Israel launches a large-scale campaign…
The expanded Trans Mountain oil pipeline will rely on spot customers to see a positive equity return or return on capital in 2026, according to company filings with Canadian regulators reviewed by Reuters. The expanded Trans Mountain…
Canada’s oil output is booming as producers ramp up projects and extraction amid expanded market access and narrowing discounts of the Canadian heavy crude to the U.S. benchmark. The Trans Mountain Expansion Project, now finally completed…
China’s state-held oil and gas giant CNOOC said on Thursday that it had launched crude oil production from a new development project in the South China Sea. CNOOC, which specializes in offshore exploration and production in China and…
Despite increased sanctions pressure from the West, Russia’s LNG developer and exporter Novatek prepares to begin delivery of the equipment and structure for the second stage of its Arctic LNG 2 project at the end of July, Reuters reported…
Russia appears to have started to amass a dark fleet of tankers to ship its LNG in vessel ownership transfers similar to the moves that Moscow began after the invasion of Ukraine to create a shadow fleet to export oil and products in the…
Total US electricity demand has remained relatively stable at around 4,000 terawatt-hours (TWh) since 2010, but as electrification accelerates, that’s about to change. The build-out of data centers and more widespread adoption of electric…
Kenya’s President William Ruto has announced that he will not sign into law Finance Bill 2024 containing controversial tax hikes, including a proposed fuel tax increase after countrywide protests left dozens dead and saw parliament set…
A court in Russia has ordered Italian UniCredit to pay nearly $480 million over a sidelined joint venture gas project with Gazprom and Germany’s Linde for which the Italian bank was a guarantor before Western sanctions caused the project…
After several weeks of escalating tit-for-tat trade war salvos between China and Europe, threatening to scuttle billions in auto trade between the two blocs, over the weekend China agreed to enter talks with the EU over its decision to…
Leaders of the 27 EU member states are meeting in Brussels on June 27-28, where they are expected to decide who will take the top jobs across the bloc's various institutions. The key roles are the three presidents -- of the European…
Saudi Arabia’s oil giant Aramco has signed a non-binding agreement to buy LNG from Sempra’s Port Arthur LNG project and potentially acquire 25% in the project’s Phase 2, the U.S. and Saudi firms said on Wednesday. Under the non-binding…
Gazprom has signed an agreement to look into the possibility of supplying Russian gas to Iran, Russia’s gas giant said on Wednesday. Gazprom and the National Iranian Gas Company (NIGC) signed the memorandum of understanding during a visit…
The European Union has slightly lowered its proposed tariffs on imports of China-made electric vehicles in the EU, as the bloc and China have agreed to hold consultations on the tariff spat. The EU adjusted some of the planned import…
Vladimir Putin’s touted “friendship without limits” with China has reached at least one limit—Beijing is not committing to a massive new energy project to import Russian pipeline gas unless it’s favorable for the world’s second-largest…
The Haisla Nation and Pembina Pipeline Corporation decided to move ahead with the Cedar LNG project, a floating LNG export facility on Canada’s West Coast, and the world’s first indigenous majority-owned LNG project. Pembina and the Haisla…
The government of Guyana has picked Fulcrum LNG, a U.S. firm founded and led by a former senior executive at ExxonMobil, to develop the country’s natural gas resources. After scoring huge success in oil discoveries and production, Guyana…
Russian oil companies are to undertake a slew of new investments to development Iran’s huge oil and gas reserves, according to recent comments from the Islamic Republic’s Petroleum Minister, Javad Owji. Given the size of crude oil and…
Iranians are going to the polls on Friday to elect a new president after the death of Ibrahim Raisi in a helicopter crash last month. Most of the candidates are conservatives, with only one labeled as a reformist by the media. But he is…
In an unexpected turn of events, U.S. spot natural gas prices in Texas dropped below zero on Tuesday despite soaring demand driven by a severe heat wave. This phenomenon, typically seen in the low-demand seasons of spring and autumn, was…
A cold conflict is escalating between France and Azerbaijan. And the latest twist in the tit-for-tat spat is heightening the prospect of renewed conflict in the Caucasus. On June 18, French Defense Minister Sebastien Lecornu announced the…