Ghana is encouraging investors to increase oil output in order to stay ahead of a global decarbonization push. The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, President John Mahama said at a forum on Tuesday. SourceContinue Reading

Leaders from both the American Petroleum Institute (API) and National Ocean Industries Association (NOIA) issued statements Monday after the House Energy and Commerce Committee released its proposed markup of the 2025 tax reconciliation bill, which includes a 10-year pause of the EPA’s Waste Emissions Charge (WEC). SourceContinue Reading

Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus are expected to hobble U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. SourceContinue Reading

American Petroleum Institute (API) President and CEO Mike Sommers issued a statement Monday after the House Energy and Commerce Committee released its proposed markup of the 2025 tax reconciliation bill, which includes a 10-year pause of the EPA’s Waste Emissions Charge (WEC). SourceContinue Reading

“We (the Trump administration) need to ensure that (U.S.) resources are secure, abundant and reliable. And we need energy of all kinds.” That is the message that Ryan Peay, the newly installed Deputy Assistant Secretary in the U.S. Department of Energy, brought to an OTC audience on the afternoon of Day 2 at OTC. SourceContinue Reading

Equinor ASA got no new signals that the Trump administration would reconsider the halt imposed on the Empire Wind project when its CEO met with a top White House official last week. Now the company must decide whether it will kill the project.  SourceContinue Reading

Höegh Evi has signed a 10-year time charter agreement with Egyptian Natural Gas Holding Company (EGAS) for the deployment of Hoegh Gandria as a floating storage and regasification unit (FSRU) in Egypt. SourceContinue Reading

Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. SourceContinue Reading

TWMA* has secured a contract with bp to provide drilling waste management services in the UK North Sea. The scope of work will utilize TWMA’s RotoMill** technology for the safe and efficient processing of drilling waste directly at the wellsite. SourceContinue Reading

BKV Corporation has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP), on behalf of its Energy Transition Fund I, to expand BKV’s portfolio of carbon capture, utilization and sequestration (CCUS) projects. SourceContinue Reading