Oil & Gas News Archives

U.S. oil producers and executives will meet with President Trump next week to discuss tariffs, trade, and liquefied natural gas exports.

U.S. Oil Executives to Meet With Trump Next Week

HOUSTON (Reuters)—The American Petroleum Institute, a leading industry group, said on Wednesday that U.S. oil producers and executives will meet with President...

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Wyoming Pushes Carbon Capture for Oil Industry Growth

Wyoming’s latest legislative session delivered some major victories for fossil fuel producers and supporters of carbon dioxide-enhanced oil recovery. Lawmakers passed several...

Louisiana judge denies GOP-led states' effort to block a Biden rule requiring $7B for dismantling offshore oil and gas infrastructure.

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U.S. Judge Declines to Block Biden-Era Oil Well Decommissioning Rule

By Nate Raymond, (Reuters) – A federal judge in Louisiana has rejected a bid by three Republican-led states to block a rule...

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Turkey and Continental Resources Team Up for Energy Exploration

Continental Resources has entered a joint venture with Türkiye Petroleum and TransAtlantic Petroleum to explore and develop unconventional oil and gas resources...

Conversations about peak oil supply and demand have for decades served as a backdrop to energy markets, but is peak oil supply really here?

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The World Has Reached ‘Peak Oil Trade’, Carlyle’s Jeff Currie Says

by Bloomberg| Nathan Risser | The trade in fossil fuels across borders peaked in 2017 and is set to decline as nations seeking energy security...

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Oilfield Services Brace for Steel Tariff Cost Increases

The recent U.S. decision to impose a 25% tariff on steel and aluminum imports is set to significantly impact the oilfield services...

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Rising Costs Force U.S. LNG Firms to Renegotiate

As construction, labor, and borrowing costs continue to climb, several U.S. liquefied natural gas (LNG) producers are looking to renegotiate higher prices...

Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year

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Low Energy Prices Sting Aramco Profits and Squeeze Saudi Development Plans

JON GAMBRELL Associated Press | DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco reported a $106.25 billion profit in 2024...