Oct 29, 2024 · The Bureau of Safety and Environmental Enforcement, or BSEE, released new rules on Tuesday for U.S. off-shore drillers. This is because breakthrough technology allows them to operate in extreme subsea conditions and unlock untapped oil reserves worth billions of dollars.

Dec 23, 2024 · Vermilion Energy, a Canadian company, announced on Monday that it would acquire Westbrick Energy, a privately-held oil and gas company. The deal will be for C$1.075 Billion ($746.53 M), mostly in cash.

Nov 7, 2024 · EOG Resources increased its share-repurchase program after beating Wall Street expectations for the third-quarter profits, due to higher production and lower prices.

Dec 9, 2024 · Oil minister: Bidding round for $3-4 billion to boost Libya's oil production is expected shortly. Khalifa Abdelsadek said on Saturday that Libya will need between $3 billion and $400 million to achieve a production rate of 1…

Dec 30, 2024 · The Biden administration took action on Monday to protect the Ruby Mountains of northeast Nevada for a period of 20 years from any oil, gas or geothermal development. Interior Department approved a request by U.S. Forest Service for the withdrawal of 264,442 acre federal land in Ruby Mountains from ...

Oct 18, 2024 · China's refinery production fell 5.4% in January compared to a year ago, according to official data released on Friday. This is the sixth consecutive month of declines, despite the opening of a brand new plant, as low fuel consumption and thin …

Jan 3, 2025 · Malaysian palm futures reversed their early losses on the Friday as India, the world's largest edible oil importer, increased purchases in the last two days. However, they are still expected to decline by a significant amount each week. By midday, the benchmark contract for palm oil delivery in ...

Dec 20, 2024 · Pharos Energy, a UK-based oil & gas exploration company, announced on Friday that its two joint ventures operating in Vietnam had received approval from the local government to extend their licenses for five years until early 2030.

Dec 5, 2024 · Interfax news agency reported that Deputy Prime minister Alexander Novak said on Thursday that Russia will produce between 518-521 millions metric tons of oil (10.36-10.42million barrels per day).

Nov 12, 2024 · The World Bank and International Monetary Fund chiefs said on Tuesday that they would continue to work with Donald Trump's incoming administration in the United States to provide funding to countries affected by climate change.