Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by \”a couple billion dollars,\” Chevron CEO Michael Wirth announced on Wednesday. America’s second largest oil and gas company expects to achieve these results thanks to the start of new or expanded oil production […]
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The US state of Alaska has sued the Biden administration for what it calls violations of a congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR). The federal lawsuit in the US district court in Alaska filed on Monday challenges the federal government’s December 2024 decision to add restrictions to an […]
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The Joint Expeditionary Force (JEF) has activated an advanced UK-led reaction system to track potential threats to undersea infrastructure and monitor the Russian shadow fleet, following damage to a major undersea cable in the Baltic Sea. The JEF is a UK-led Northern European multinational military partnership. The tanker Eagle S which is part of the […]
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Equinor UK and Shell UK are joining forces to create the UK North Sea’s largest independent oil and gas producer. Combining their offshore assets and expertise into a 50/50 joint venture, the new company will focus on sustaining domestic oil and gas production, ensuring the UK’s energy security and maximising the value of the maturing […]
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We talked about this on our Daily Stand Up (https://energynewsbeat.com/biden-eyes-drilling-ban/ and no less than 12 hour later it comes through – we already see prices going up…will be interesting to see how incoming President Trump handles this – Michael President Biden is taking executive action to protect more than 625 million acres of the […]
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Biden blocks 625M acres from offshore drilling, citing climate risks, as oil groups protest and Trump pledges to boost U.S. energy production. President Biden has blocked new offshore drilling for oil and gas in several parts of the country about two weeks before President-elect Trump takes office. [emphasis, links added] Biden has announced that he’ll […]
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Norway\’s oil and gas investment is expected to reach a record high in 2025, driven by new exploration activity and increased demand for Norwegian gas. While Norway is a leader in renewable energy, it continues to invest heavily in oil and gas production, raising concerns about its climate commitments. Norway aims to balance its oil […]
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ENB Pub Note: This article was written by Anas Alhajji, and I highly recommend following him on his X account here: @anasalhajji. He is a valued world energy leader with good information and a consistent track record. If you think ISIS setting some Syrian oil fields on fire is a nightmare, read this article to […]
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Current Report Fourth Quarter | January 2, 2025 Oil and gas activity edges higher as outlooks brighten What’s New This Quarter Special questions this quarter focus on capital spending in 2025, the oil price firms use for budgeting, changes to 2025 investment plans since the last survey, permitting times on federal lands and plans for reducing […]
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Aleksandar Vucic has vowed to protect Serbia’s energy security following talks with a top US energy official Serbian President Aleksandar Vucic has acknowledged forthcoming challenges regarding potential US sanctions against Naftna Industrija Srbije (NIS), a key energy company in Serbia co-owned by Russian energy giant Gazprom. Following talks with US Under Secretary for Economic Growth, […]
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