Israel’s Natural Gas Reserves Expand 40% as Production Ramps Up

Israel exported a record 981mn cfd of natural gas to Egypt in 2024, good for 18.2% year-over-year. According to Middle East Oil & Gas publication MEES, the remarkable surge in…

Trump to Declare National Energy Emergency, Unlocking New Powers

President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate…

Trump to Declare National Energy Emergency, Unlocking New Powers

Monday January 20, 2025 – The move is set to be among an array of actions Trump will take. 

BP Confirms Job Cuts

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We…

Union Says More Than Half of MSPs Support North Sea Oil, Gas Campaign

In a statement sent to Rigzone by UK union Unite on Thursday, the union announced that more than half of the members of Scottish parliament (MSP) have backed Unite’s North…

Biden advances final effort to ban Arctic oil drilling

Jennifer A. Dlouhy January 17, 2025 (Bloomberg) – The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid…

Analysts Look at USA Sanctions Effect

Crude oil’s strong start to the year was reinforced on January 10 with the announcement of the latest, and most extensive yet, round of U.S. sanctions on Russia. That’s what…

Brussels Aims at Russian LNG and Aluminum

The Russian invasion of Ukraine may finally become significantly costly for Vladimir Putin’s regime. Over the last 24 hours, reports have emerged that the European Union (EU) is taking stronger…

Trump’s Pick for Energy Secretary Vows to ‘Unleash’ USA Expansion

Donald Trump’s choice for Energy secretary said the US must remove bureaucratic barriers and “unleash” production of nuclear power as well as liquified natural gas, according to written testimony before…

EU Mulls Gradual Ban on Russian LNG

The European Union is considering import restrictions on Russian aluminum and phasing out liquefied natural gas from the nation as part of a new package of sanctions targeting Moscow for…