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
Shell has appealed a South African court ruling that overturned the environmental permit for offshore Block 5/6/7, a key exploration license once held by TotalEnergies. The case highlights growing tension between energy investment and environmental opposition. SourceContinue Reading
The Trump administration will purchase 1 MMbbl of crude oil to begin replenishing the U.S. Strategic Petroleum Reserve (SPR), marking the first step toward restoring the nation’s emergency supply following years of drawdowns. SourceContinue Reading
The Trump administration will purchase 1 million barrels of crude oil to begin replenishing the U.S. Strategic Petroleum Reserve (SPR), marking the first step toward restoring the nation’s emergency supply following years of drawdowns. SourceContinue Reading
