Japan’s JERA is expanding its U.S. upstream presence with a $1.5 billion acquisition in Louisiana’s Haynesville Shale. The South Mansfield asset, producing 500 MMcf/d, positions JERA to double output to 1 Bcf/d and strengthen its global LNG value chain. SourceContinue Reading
The Tony Blair Institute is urging the UK government to delay its 2030 clean power target and adopt a more gradual approach to decarbonization. The think tank’s report calls for prioritizing affordable energy, warning that rapid reforms risk eroding public support for climate policy. SourceContinue Reading
Tampnet will provide advanced digital connectivity infrastructure—including subsea fiber and private 5G—for LLOG Exploration’s Salamanca deepwater development in the U.S. Gulf of America/Gulf of Mexico. SourceContinue Reading
U.S. sanctions targeting Russian oil producers Rosneft and Lukoil are unsettling China’s oil industry, which relies on Moscow for up to 20% of its crude imports. The measures, part of the Trump administration’s wider energy sanctions, raise fears of supply disruptions and secondary penalties. SourceContinue Reading
The American Petroleum Institute (API) is urging Congress to reconsider the Nationwide Consumer and Fuel Retailer Choice Act of 2025, arguing that the proposed E15 biofuel legislation no longer reflects current market realities. API warns that new state mandates and federal rule changes threaten fuel stability and investment certainty. SourceContinue Reading
BP and Japan’s JERA are winding down their U.S. offshore wind joint venture, JERA Nex bp, citing an unfavorable policy environment under the Trump administration. The decision halts the planned 2.5-GW Beacon Wind project off Massachusetts amid a broader industry pullback. SourceContinue Reading
Brazil’s latest oil auction signaled a revival in offshore exploration, with Petrobras, Equinor, and Chinese firms among the winners. The pre-salt round saw five of seven blocks awarded, underscoring renewed deepwater interest despite soft crude prices and cautious global spending. SourceContinue Reading
The U.S. Department of Energy has issued the final non-FTA export authorization for Venture Global’s CP2 LNG terminal in Cameron Parish, Louisiana. The approval enables exports to non-FTA countries and supports the U.S.’s advancing role in global LNG markets. SourceContinue Reading
U.S. oil and gas mergers and acquisitions dropped to $9.7 billion in Q3 2025, marking the third straight quarterly decline, according to Enverus Intelligence Research. Analysts cite persistently low crude prices and fewer private-equity exits. SourceContinue Reading
Aker BP reported strong results with 414,000 boed production, robust cash flow, and a major Omega Alfa discovery in Norway’s Yggdrasil area. The find ranks among the largest on the Norwegian Continental Shelf in a decade and supports long-term offshore growth. SourceContinue Reading
