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BP Makes Gulf of Mexico Oil Discovery in the Gulf of America, Louisiana
April 14, 2025
bp said it has made an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America. The Far South field is located 4 miles north of the Constellation field in the Gulf of America. bp drilled
Interior Will No Longer Pursue Lengthy Analysis for Oil, Gas Leasing Decisions in Seven States
April 14, 2025
The Department of the Interior said it will no longer require the Bureau of Land Management to prepare an environmental impact statement for approximately 3,244 oil and gas leases in seven Western states. This rescission of a notice of intent
Nabors and Corva Expand Strategic Alliance to Accelerate Digital Innovation
April 14, 2025
Nabors Drilling Technologies and Corva AI have expanded their strategic alliance, reinforcing the shared vision to accelerate digital transformation in the drilling industry. Building on the strategic alliance, Nabors and Corva are extending their collaboration into the RigCLOUD® platform to
Department of the Interior Drives Unprecedented Offshore Energy Growth Under President Trump
April 14, 2025
Under President Donald J. Trump’s leadership, the Department of the Interior, led by Secretary Doug Burgum, is driving historic growth in offshore oil and gas production, reinforcing the United States’ position as a global energy leader. By reducing regulatory burdens
Brookfield Infrastructure to Sell Remaining Stake in NGPL for $17 Billion
April 11, 2025
Brookfield Infrastructure Partners has signed an agreement to sell its remaining 25 percent interest in its U.S. gas pipeline to one of the business’s existing owners. This sale represents a complete and successful exit of the business, generating total proceeds
Oil Jumps 4% After Trump Pauses Tariffs on Many Countries, Raises China Levy
April 11, 2025
Oil prices climbed more than 4 percent on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump said he would further increase tariffs on China but pause the tariffs he announced last week for
EXIM Bank Approves $4.7 Billion Loan for TotalEnergies Mozambique LNG Project
April 11, 2025
The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies. The Export-Import Bank had previously
Abu Dhabi’s Mubadala Energy Acquires Stake in Kimmeridge Shale Gas, LNG Ventures
April 10, 2025
Mubadala Energy, the Abu Dhabi headquartered international energy company, has signed an agreement with Kimmeridge to acquire a 24.1 percent interest in Kimmeridge’s SoTex via the issuance of new equity. SoTex holds two portfolio companies: Kimmeridge Texas Gas, which operates
DOI to Publish 2025 Lease Sale in June for the Gulf of America
April 10, 2025
Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management to hold the next scheduled oil and gas lease sale in the Gulf of America. America’s Outer Continental Shelf contains a significant source of oil and
Ironwood Midstream Acquires Strategic Crude Oil Gathering System Located in Eagle Ford Shale
April 8, 2025
Ironwood Midstream Energy Partners has secured a substantial equity commitment from Kayne Anderson Energy Infrastructure Fund (KYN). In conjunction with the equity commitment, Ironwood has acquired a crude oil gathering system strategically located across Atascosa, Frio, La Salle, and McMullen
