The Trump administration has ordered Sable Offshore to restore operations at California’s Santa Ynez offshore oil unit and pipeline system under the Defense Production Act, a move aimed at boosting West Coast crude supply and reducing reliance on imported oil. SourceContinue Reading
California officials have ordered Sable Offshore to remove a segment of the Santa Ynez Pipeline crossing Gaviota State Park, escalating a dispute days after the Trump administration directed the company to restart offshore oil operations. SourceContinue Reading
The Trump administration has ordered Sable Offshore to restore operations at California’s Santa Ynez offshore oil unit and pipeline system under the Defense Production Act, a move aimed at boosting West Coast crude supply and reducing reliance on imported oil. SourceContinue Reading
The U.S. Energy Department confirmed that its planned 172-million-barrel Strategic Petroleum Reserve release tied to the Iran conflict will be structured as an exchange, with companies borrowing crude and returning it later with additional barrels. SourceContinue Reading
A U.S. strike near Iran’s Kharg Island, the country’s primary oil export terminal, has heightened concerns over potential disruptions to Iranian crude exports and global oil supply as conflict continues to disrupt tanker traffic through the Strait of Hormuz. SourceContinue Reading
The U.S. Interior Department has approved bp’s Kaskida deepwater development in the Gulf of America/Gulf of Mexico. The project, expected to begin production in 2029, could unlock an estimated 275 MMbbl of oil from bp’s Paleogene discoveries. SourceContinue Reading
Brent crude settled above $100 a barrel for a second straight session as the Middle East conflict disrupts tanker traffic through the Strait of Hormuz and fuels extreme volatility across global oil markets. SourceContinue Reading
The U.S. has begun releasing 86 MMbbl of crude from the Strategic Petroleum Reserve as part of a coordinated international effort to ease oil prices following supply disruptions linked to the Iran conflict and halted tanker traffic through the Strait of Hormuz. SourceContinue Reading
The U.S. Interior Department has approved bp’s Kaskida deepwater development in the Gulf of America/Gulf of Mexico. The project, expected to begin production in 2029, could unlock an estimated 275 MMbbl of oil from bp’s Paleogene discoveries. SourceContinue Reading
Venture Global has taken final investment decision (FID) on Phase 2 of its CP2 LNG project and secured $8.6 billion in project financing, bringing total financing to $20.7 billion as the company expands U.S. LNG export capacity. SourceContinue Reading
