U.S. officials from the Bureau of Ocean Energy Management (BOEM) have lifted the stop-work order for Equinor’s Empire Wind project, offshore New York. “I would like to thank President Trump for finding a solution that provides for continued investments in energy infrastructure in the U.S.,” said Anders Opedal, President and CEO of Equinor ASA. SourceContinue Reading

ConocoPhillips CEO: U.S. Shale Output to Level Off at $60 Oil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – May 20, 2025, 10:00 AM CDT ConocoPhillips CEO Ryan Lance stated that U.S. shale production will stagnate in the low $60s and decline in the $50s...Continue Reading

TDI-Brooks has recently finalized a geological evaluation in the Gulf of America/Gulf of Mexico on behalf of Enbridge. For this project, TDI-Brooks utilized the R/V BROOKS MCCALL, executing 38 piston cores (PC), 7 gravity cone penetration tests (gCPTs), and 82 box cores (BC). SourceContinue Reading

The Railroad Commission of Texas recently trained more than 300 employees in Phase I of the agency’s Boots on the Ground initiative. The goal of the program is to bring more consistency across all the agency’s oil and gas districts. SourceContinue Reading

Saudi Arabia Is Prepared for Multiple Oil Price Scenarios | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 20, 2025, 9:00 AM CDT Saudi Arabia’s goal is long-term oil market stability, while the Kingdom is always ready for multiple oil price scenarios, Saudi Minister of...Continue Reading

Oil Prices Remain Rangebound as Geopolitical Catalysts Loom | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – May 20, 2025, 9:00 AM CDT While oil markets have calmed somewhat at the start of this week after a period of intense volatility,...Continue Reading

ABS issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose LNG floating facility for deep water. Called MLF-O, the design from SHI optimizes the production facility for deepwater areas with a wave height of nine meters. SourceContinue Reading

Woodside Sees Global Natural Gas Demand Surging by 50% by 2030 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 20, 2025, 8:15 AM CDT Australia’s Woodside Energy, the developer...Continue Reading

China Customs Data Shows Dramatic Changes in Oil Suppliers | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 20, 2025, 7:00 AM CDT Chinese imports of Russian crude oil slumped...Continue Reading

Saudi Crude Burn Set to Rise This Summer | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 20, 2025, 6:02 AM CDT Saudi Arabia’s direct crude burn for power generation...Continue Reading