The drive to reach net zero greenhouse gas emissions by 2050 has taken a sizeable step forward with the award of two carbon storage licenses in the Southern North Sea. SourceContinue Reading
The Interior Department said it “will not move forward” with two Gulf lease auctions that were planned under former President Barack Obama “as a result of delays due to factors including conflicting court rulings.” SourceContinue Reading
A wind energy auction lease sale drew competitive winning bids from two companies – TotalEnergies Renewables USA and Duke Energy Renewables Wind – totaling approximately $315 million. SourceContinue Reading
The Energy Workforce & Technology Council honored Sen. James Inhofe (R-OK) with the “Champion of American Energy” award for his relentless and uncompromising commitment to the oilfield services industry and the domestic energy sector. SourceContinue Reading
Weekly U.S. crude oil production declined for the first time in three months, signaling that soaring costs across the oil fields may be preventing drillers from expanding output. SourceContinue Reading
Energy Workforce & Technology Council honored Congressman Kevin Brady (R-TX-08) with the “Champion of American Energy” award during a lunch in Washington, D.C., for his relentless and uncompromising commitment to the oilfield services industry and the domestic energy sector. SourceContinue Reading
A London-based startup that makes small, modular units to capture carbon emissions from smokestacks has raised $150 million from investors that include the venture arms of Chevron Corp., Saudi Arabian Oil Co., and Samsung Group. SourceContinue Reading
Libya’s parliament-backed prime minister said closed oil fields and ports in the OPEC country may soon reopen, though his rival’s energy minister said negotiations with protesters were proving difficult. SourceContinue Reading
The European Union’s executive arm is set to bolster renewables and energy savings goals as part of a 195 billion-euro ($205 billion) plan to end its dependency on Russian fossil fuels by 2027. SourceContinue Reading
The number of original drilling permits issued by the Railroad Commission of Texas in April 2022 rose 29% to 946, compared to the year-ago figure of 732. SourceContinue Reading
