(Bloomberg) – President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some U.S. coastal waters, locking in difficult-to-revoke protections for sensitive marine areas during his final weeks in the White House. SourceContinue Reading

Hammerfest Shutdown Freezes Europe’s LNG Lifeline | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jan 02, 2025, 11:30 AM CST Another year, another hiccup at Hammerfest LNG. Equinor’s crown jewel in...Continue Reading

Dallas Survey: The Oil & Gas Outlook Is Finally Improving | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jan 02, 2025, 10:42 AM CST After a grim year, the latest Dallas Fed Energy Survey has revealed that the...Continue Reading

Iranian Minister in India to Discuss Boosting Energy Trade | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 02, 2025, 10:30 AM CST Majid Takht Ravanchi, the deputy foreign minister of Iran, is on a visit to India to discuss a resumption of energy trade...Continue Reading

CNOOC has commenced production from its Panyu oilfield joint development project, the company announced. The project is expected to achieve a peak production of approximately 13,600 boed in 2025. SourceContinue Reading

Crude oil prices ticked lower today, after the U.S. Energy Information Administration reported an inventory draw of 1.2 million barrels for the final week of 2024 but said gasoline and middle distillate stockpiles had added a sizeable volume. The crude inventory change compared with a draw of 4.2 million barrels for the previous week, when...Continue Reading

Tesla stock is selling off prior to the cash open on Thursday after the company missed on its Q4 and annual delivery and sales number. Annual vehicle sales actually declined in 2024, marking the first drop in over a decade, despite achieving record deliveries in the fourth quarter. The company reported sales of 1.79 million...Continue Reading

Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies. Under terms of the agreement, Vantage will operate the Tungsten Explorer for a ten-year term with the option to extend. SourceContinue Reading

Equinor Secures $3-Billion Financing for U.S. Offshore Wind Project | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 02, 2025, 9:30 AM CST Equinor has secured a project financing package of over $3 billion for its U.S. offshore wind project Empire Wind 1, Norway’s energy...Continue Reading

Putin’s Leverage Diminishes as Ukraine Halts Russian Gas Flows to Europe | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jan 02, 2025, 9:00 AM CST Russia’s...Continue Reading