Worldwide oil demand trending higher
The world will burn more oil than ever this year, the International Energy Agency forecasts, as China’s emergence from COVID-19 lockdowns returns global crude...
Natural Gas Export Expansion bill aims to increase LNG exports
Louisiana Sen. John Kennedy last week joined Sen. Ted Cruz, R-Texas, Sen. Shelley Moore Capito, R-West Virginia, and Sen. Kevin Cramer, R-North Dakota, in...
Biden administration to sell new oil leases while nurturing offshore wind
The U.S. government is moving urgently to nurture new offshore wind and carbon capture and storage (CCS) industries despite some economic hurdles, reports World...
Oil patch slowdown drives double-digit drop in rig count
Driven by declines in the oil patch, the U.S. rig count tumbled 12 units lower to finish at 759 for the week ended Feb....
LSU professor: Orphaned oil wells can boost production while sequestering CO2
LSU petroleum engineering professor Dandina Rao has come up with a plan that would increase oil production as well as reduce greenhouse gas emissions...
BP dials back push into renewable energy
BP Chief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profile push into renewable energy and pursue a narrower green...
Demand for LNG, offshore equipment sparks record orders for Baker Hughes
Houston-based Baker Hughes Co. generated record orders in fourth quarter 2022, driven by multiple awards for LNG and offshore production equipment, reports Natural Gas...
WhiteHawk purchases $105 million in Haynesville Shale assets
Philadelphia-based WhiteHawk Energy has agreed to purchase up to $105 million in natural gas mineral and royalty assets located primarily in northwestern Louisiana, effective...
New federal office to tackle Louisiana’s ‘orphan’ oil well problem
The federal government is establishing an office dedicated to cleaning up abandoned oil and gas sites, a move that Louisiana officials say will likely...
Louisiana takes another swipe at more federal offshore cash
Parish presidents, police jurors, legislators, bureaucrats, U.S. representatives and U.S. senators are re-grouping after their initial failed attempt to get the Reinvesting In Shoreline...
