In a contentious move that has stirred significant debate, Colorado's Energy and Carbon Management Commission (ECMC) has revised its proposed cumulative impact rules concerning oil and gas drilling near homes, particularly in communities already burdened by environmental concerns. This
In July 2024, Opec-plus members saw a notable increase in their crude oil production by 240,000 barrels per day, pushing the total output to 34.2 million barrels per day. This rise was predominantly driven by increased production from Iraq, Russia, and Nigeria. This increase, however, was
A groundbreaking memorandum of understanding (MoU) was recently signed between SeaTwirl, a developer of floating wind turbines, and Serica Energy, an offshore oil and gas operator, to explore the electrification of offshore assets and activities using SeaTwirl's innovative floating wind
The recent bipartisan bill passed by the U.S. Senate Energy and Natural Resources Committee aims to reform the federal permitting process for energy projects, an effort hailed as a significant step toward easing the regulatory burdens that have long plagued both fossil fuel and clean energy
Amidst recent declines in global crude prices, the OPEC+ alliance has once again opted to uphold its existing production cuts. This decision, while ensuring some stability within a volatile market, marks a significant stance as it throws into question the anticipated relaxation of these cuts in the
As the oil and gas industry continues to experience significant consolidation, Vital Energy and Northern Oil and Gas (NOG) have announced a major $1.1 billion acquisition of Point Energy's assets. This acquisition is designed to enhance their operational capabilities and scale within the
