Muted increases in U.S. oil production and cuts by the OPEC+ producing-nations group will limit crude supply in the months ahead, pushing up prices, an executive at U.S. shale producer EOG Resources said on Wednesday.
The Trinidad and Tobago government accepted bid recommendations for six of eight onshore oil and gas exploration blocks, people close to the matter said on Sunday, setting the stage for awards to be disclosed as soon as this week.
China is accelerating the building of a long-delayed Central Asian pipeline to source gas from Turkmenistan even as Russia pushes its own new Siberian connection, as Beijing juggles its energy security needs with diplomatic priorities.
Hilcorp Energy Company, which has evolved into a major operator on Alaska's North Slope after BP's departure from the state, is now set to take over operations of a field run by another global giant, Exxon Mobil.
California Governor Gavin Newsom on Thursday unveiled a plan to ban new permitting of oil wells within 3,200 feet (975 meters) of communities, calling it a move that will both protect public health and further the state's goals to combat climate change.