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Murphy Oil to Acquire BW Pioneer’s FPSO for $125 Million
March 18, 2025
Murphy Oil Corporation has signed a purchase and sale agreement to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. The gross purchase price is $125 million, subject to customary closing adjustments. “I am pleased
Senate Republicans Launch Legislation to Shield U.S. Companies from EU Sustainability Due Diligence
March 18, 2025
U.S. Senator and Senate Banking Committee member Bill Hagerty announced the introduction of the PROTECT USA Act, proposing new legislation aimed at shielding U.S. companies from having to comply with the EU’s Corporate Sustainability Due Diligence Directive (CSDDD). The CSDDD
AIQ and SLB Partner to Accelerate Autonomous Energy Operations through AI and IOT Solutions
March 17, 2025
Abu Dhabi-based AIQ has entered into a collaboration project agreement with global technology company SLB to accelerate autonomous energy operations through the Agora™ edge AI and IOT solutions. Agora edge offers real-time remote connectivity and the ability to host AI
EPA to Reconsider Burdensome Greenhouse Gas Reporting Program
March 17, 2025
The U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin said the agency is reconsidering the mandatory Greenhouse Gas Reporting Program (GHGRP). Unlike every other mandatory information collection by EPA under the Clean Air Act, the GHGRP is not directly related
EPA to Address Costly Obama, Biden Climate Measurements, Social Cost of Carbon
March 17, 2025
The U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin said the agency is revisiting the Biden-Harris administration’s “social cost of carbon,” which contributes to significant regulatory costs. “The Biden-Harris administration’s so-called ‘social cost of carbon’ measurement was used to advance
U.S. Oil, Gas Rig Count Unchanged This Week
March 17, 2025
U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future
EPA Launches Biggest Deregulatory Action in U.S. History
March 14, 2025
U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin said the agency will undertake 31 historic actions in the greatest and most consequential day of deregulation in U.S. history, to advance President Trump’s day one executive orders and power the great
EPA to Revise Wastewater Regulations for Oil and Gas Extraction to Help Unleash American Energy
March 14, 2025
The U.S. Environmental Protection Agency (EPA) said it will modernize outdated regulations on wastewater discharges for oil and gas extraction facilities to lower energy costs while supporting environmentally sustainable water reuse. This action advances the goals of President Trump’s Unleashing
Diversified Energy, FuelCell Energy, TESIAC Collaborate to Form Acquisition and Development Company
March 12, 2025
Diversified Energy, FuelCell Energy, and TESIAC have entered into a strategic partnership intended to address the urgent energy needs of data centers by supplying as much as 360 megawatts of electricity to three distinct locations in Virginia, West Virginia, and
Wyoming Slashes Taxes for Coal, Sets Up CO₂ Fund to Boost Oil and Gas
March 12, 2025
It was a good legislative session for fossil fuel producers in Wyoming, as well as those who want to produce carbon dioxide for enhanced oil recovery. Lawmakers passed House Bill 75, Coal severance tax rate, which reduces the severance tax
