U.S. appeals court blocks Gulf of Mexico oil and gas sale expansion, pending appeal
A U.S. appeals court last week temporarily paused a federal judge's order last month that had required the Biden administration to expand a planned...
LMOGA’s Faucheux emphasizes need for robust offshore leasing program at oversight hearing
Louisiana Mid-Continent Oil and Gas Association (LMOGA) President Tommy Faucheux provided testimony in Washington D.C. last week during an oversight hearing entitled “Examining the Biden...
Chevron’s latest acquisition is the second buyout among major producers this month
Chevron is buying Hess Corp. for $53 billion, but even with that price tag, it’s not the biggest acquisition in the energy sector this...
ExxonMobil doubles down on fossil fuels with $59.5B deal
ExxonMobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion―its largest buyout since acquiring Mobil two decades ago―creating a colossal...
Billions of dollars to clean up abandoned oil and gas wells will only make...
An infusion of federal money has helped Louisiana plug nearly 500 abandoned oil and gas wells this year, reports Louisiana Illuminator.
That number doesn’t come...
Domestic oil production hits all-time high
After three and a half years of recovering from COVID-era losses, U.S. oil production hit an all-time high this past week.
Domestic crude oil production...
Tellurian seeks more time to finish Driftwood LNG export plant
U.S. energy company Tellurian Inc. has asked federal energy regulators for more time to build its Driftwood liquefied natural gas (LNG) export plant near...
Tellurian pledges $1 million for new LNG Center for Excellence, scholarships
The LNG Center of Excellence received a $1 million pledge in support from Tellurian to financially support the LNG Center of Excellence and to...
Will Formosa move its planned $9.4B project to the Capital Region?
As far as the company has stated publicly, Formosa still intends to build a $9.4 billion industrial complex in St. James Parish, despite opposition from environmental and community groups.
But economist...
Chesapeake Energy predicts more LNG supply deals
Chesapeake Energy foresees the addition of several more LNG supply agreements to its portfolio as the shale driller seeks to push up to 20%...
