The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.
Seatrium has secured a contract from Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the upgrading of floating liquefied natural gas (FLNG) unit Hilli Episeyo.Scheduled to enter the yard in the third quarter of 2026, the project involves technical modifications for FLNG Hilli Episeyo’s redeployment.
Drive into Corpus Christi and you can feel the paradox that defines many port cities: the waterfront is everywhere, yet the maritime business that powers the place is easy to miss — until you look past the horizon of tanks, docks, and ship traffic and realize you’re staring at one of the world’s most consequential energy gateways.
Dealmaking in the U.S. upstream oil and gas sector jumped to $38 billion in the first quarter of this year, marking the highest quarterly total in two years, analytics firm Enverus said on Wednesday.Shale producer Devon and smaller rival Coterra closed on their merger last week after announcing plans to combine in February.
U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile.Trump’s wager has only partly paid off. U.S. oil prices have risen less sharply than those elsewhere since U.S.
The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran - undermining U.S. President Donald Trump’s flagship push to double down on fossil fuels.The dramatic supply disruptions and price spikes unleashed by the latest Middle East conflict are likely to harden the
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U.S. President Donald Trump's tax cut and spending bill, which he signed into law in July.
Saudi Aramco is set to sign two U.S. liquefied natural gas supply deals with Woodside Energy and Commonwealth LNG when Saudi Arabia's Crown Prince Mohammed bin Salman visits Washington next week, sources familiar with the matter told Reuters.The world's largest oil exporter, Saudi Aramco, wants to become a major liquefied natural gas player, especially in the United States
Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore.
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since February, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by three to 542 in the week to September 19, its highest since July.
The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market.
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were.The jump in oil prices following Israel's surprise attack on Iran was meaningful but relatively modest considering the high stakes