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Interior Generates Over $163M from National Petroleum Reserve in Alaska Oil and Gas Lease Sale
March 19, 2026
The Department of the Interior held a landmark oil and gas lease sale yesterday for the National Petroleum Reserve in Alaska, resulting in 187 leases and $163,696,722 in total receipts. The sale, which was the first for the reserve since
OG Resources Invests $125 Million in Powder River Basin
March 18, 2026
IOG Resources III closed of a joint development partnership in the Powder River Basin with an undisclosed operator. The drilling program includes 18 horizontal Niobrara wells located in Converse County, Wyoming and represents approximately $125 million of net capital. This
Glenfarne, TotalEnergies Sign Alaska LNG Offtake Agreement
March 18, 2026
Glenfarne Group, majority owner and developer of the Alaska LNG project, and TotalEnergies have signed a letter of intent (LOI) for the offtake of two million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Alaska LNG. The agreement
Energy Department Approves Immediate Additional LNG Exports from Plaquemines LNG, Louisiana
March 16, 2026
U.S. Secretary of Energy Chris Wright authorized an immediate 13 percent increase in exports at Venture Global’s Plaquemines liquefied natural gas (LNG) Terminal in Louisiana. The signed export authorization allows additional exports of up to 0.45 billion cubic feet per
DOE Issues $1.9 Billion Funding Opp for Critical Grid Infrastructure Upgrades
March 16, 2026
The U.S. Department of Energy’s Office of Electricity (OE) has launched an approximately $1.9 billion funding opportunity to accelerate urgently needed upgrades to the nation’s power grid. These investments will meet rising electricity demand and resource adequacy needs, while lowering
Shell Starts Up Victory Gas Field, Delivering North Sea Gas to the UK
March 16, 2026
Shell UK has started production from the Victory gas field in the UK North Sea, approximately 47 km north-west of the Shetland Islands (Shell 100 percent owner and operator). The field will help to maintain domestically produced gas for Britain’s
Glenfarne’s Texas LNG Project Signs Binding Offtake Agreement with Macquarie
March 13, 2026
Glenfarne Group’s Texas LNG Project has signed a definitive 20-year sales and purchase agreement with Macquarie Energy, a global trading and financial services group, for 0.5 MTPA of LNG. “Our offtake agreement with Macquarie reinforces Texas LNG’s position as one
ProPetro Appoints Caleb Weatherl as Chief Financial Officer
March 13, 2026
ProPetro has appointed Caleb Weatherl as chief financial officer, effective immediately. “We are thrilled to welcome Caleb to the ProPetro team. Caleb’s extensive background in the energy sector and his proven ability to drive financial performance and execute a strategy
United States to Release 172 Million Barrels of Oil From the Strategic Petroleum Reserve
March 12, 2026
U.S. Secretary of Energy Chris Wright released the following statement regarding the International Energy Agency (IEA) and the U.S. Strategic Petroleum Reserve (SPR): “Earlier today, 32 member nations of the International Energy Agency unanimously agreed to President Trump’s request to
IEA Member Countries Unanimously Agree to Release 400 Million Barrels of Oil from Emergency Reserves
March 12, 2026
The 32 member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle
