The 25th licensing round covers nine areas, eight of which are located in the Barents Sea and one further south in the Norwegian Sea. Offering licenses so far north is controversial, with environmental organizations contesting similar awards in the courts. SourceContinue Reading
Haaland, who was just elected to her second term in the House, is a top contender for the post of Interior secretary along with retiring Senator Tom Udall. Both are Democrats from New Mexico. SourceContinue Reading
Haaland, who was just elected to her second term in the House, is a top contender for the post of Interior secretary along with retiring Senator Tom Udall, the people said. Both are Democrats from New Mexico. SourceContinue Reading
Discord within OPEC has grown since late summer, when the UAE breached its quotas and got a stern warning from Saudi Arabia. Emirati policy makers seem increasingly frustrated by what they see as an unfair allocation of production caps, as their economy reels from falling oil revenue and the coronavirus pandemic. SourceContinue Reading
Total has been active in Libya for decades and holds shares in key oil fields, including the nation’s biggest — Sharara — and the offshore Al Jurf deposit. The Paris-based company also has a share in the Mabruk field, which has been closed for years because of political upheaval. SourceContinue Reading
Italy’s Snam SpA agreed to buy 33% of electrochemical tech firm Industrie De Nora SpA as part of its expansion into the hydrogen business. SourceContinue Reading
“Continued safe and responsible development of the Gulf of Mexico will continue to benefit every American. Otherwise the energy will be produced elsewhere, serving to diminish our energy, economic and national security,” National Ocean Industries Association president Erik Milito said in a statement. SourceContinue Reading
By adding hydrogen to the crude oil it already produces and sells, Saudi Arabia hopes to preserve its role as an important energy supplier, including to countries shifting away from pollution-emitting fossil fuels. SourceContinue Reading
Aramco issued the debt on Tuesday after slumping crude prices caused profit to fall by 45% in the third quarter. That’s left it unable to generate enough cash to fund promised shareholder payouts reaching $75 billion this year. SourceContinue Reading
