BP is weighing a sale of its majority stake in the Constellation oilfield in the Gulf of Mexico, according to people familiar with the matter, as it pushes ahead with a divestment program. SourceContinue Reading

The labor market data brings about the idea that “people are going back to work even with some renewed lockdowns,” said Michael Lynch, president of Strategic Energy and Economic Research. “People are coping more without shutting down businesses, which could mean more oil demand in the short-term.” SourceContinue Reading

The project includes the development of four new LNG mega-trains as well as associated facilities, and the production starting in 2025 will support the continued economic growth in Qatar. SourceContinue Reading

Once touted as a bridge fuel to smooth the transition away from coal, gas increasingly is being targeted by environmental pressure groups and governments for its contribution to greenhouse gases. SourceContinue Reading

Oil sands producers will benefit from less output of competing crude from Latin America as Pemex expects to cut exports while Venezuelan supplies remain off limits due to U.S. sanctions. SourceContinue Reading

Welltec has been awarded a crucial role in a project funded by the US Department of Energy and led by the University of Oklahoma, to illustrate that near-field Enhanced Geothermal Systems can be successfully deployed. SourceContinue Reading

The service equips subscribers with detailed project data for key industry segments, including hydrogen, renewable energy, downstream, midstream, and LNG. With researchers based in Asia, Europe and North America, the service also covers the latest project news in an easy-to-digest, accessible format. SourceContinue Reading

There are several ways Biden could halt fracking on federal lands using executive power. He could ban new oil and gas leases, halt new permits, or seek a specific regulatory ban on fracking, all of which Biden has telegraphed at one point or another on the campaign trail. SourceContinue Reading

Exxon’s stock has plunged 52% this year and the company all but ended its aggressive, $30 billion-a-year counter-cyclical growth strategy. Rivals such as BP and Chevron have also announced large layoffs in recent weeks. SourceContinue Reading

Environmental groups sued the Trump administration for its “failure to comply” with the Endangered Species Act, assailing as “arbitrary and capricious” a long-awaited assessment of the harm offshore oil and gas drilling could do to wildlife. SourceContinue Reading