Trump Administration Kicks Off Plan for Expanded Offshore Drilling
President Donald Trump has ordered government agencies to identify ways to increase already record high U.S. oil and gas production, arguing past administrations had unnecessarily curtailed drilling to combat climate…
US Oilfield Services Firms Brace for Earnings as Tariffs Cloud Outlook
President Donald Trump promised to increase U.S. oil and gas production, campaigning on the motto of “drill baby drill,” but his expansive levies have fueled a global trade war and…
Oil Posts Weekly Gain on Trade Deal Hopes, New Iran Sanctions
By Trump expressed optimism about reaching a trade deal with Europe US issues new sanctions on Chinese importers of Iranian oil Iraq, Kazakhstan, others to cut output further in OPEC…
US Judge to Decide on Starting Bid in Citgo Parent Auction Following Hearing
By Judge Stark inclined to accept court officer’s recommendation Starting with low bid would make it difficult to approach $7 bln-$8 bln value for Citgo Contrarian’s pact with bondholders could…
US Drillers Add Oil and Gas Rigs for First Time in Four Weeks, Baker Hughes Says
By April 17 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes (BKR.O), opens…
BlackRock Can Keep Big US Utility Stakes, Regulator Rules
By April 17 (Reuters) – U.S. energy regulators gave BlackRock (BLK.N) renewed permission to own major stakes in public utility companies on Thursday, a win for the world’s top asset…
Trump Order to Halt NY Wind Project Stuns Offshore Industry, Threatens Other Projects
By April 17 (Reuters) – The Trump administration’s decision to halt construction of Equinor’s (EQNR.OL) Empire Wind 1 farm off the coast of New York late on Wednesday sent shockwaves…
Trade Turmoil’s Oil Market Bite is Already Leaving Lasting Scars: Bousso
*IEA lowers US oil production forecasts for 2025 *Companies will likely delay new large project approvals By Ron Bousso LONDON, April 17 – Nimble U.S. oil producers are responding quickly…
California Sues to Stop Trump From Imposing Sweeping Tariffs
By Sophie Austin SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom sued the Trump administration on Wednesday, challenging the president’s authority to impose sweeping tariffs that have set off a…
Asian Countries Look to Buy More US Energy to Offset Trade Imbalance
(Reuters) – Asian governments are looking to buy more U.S. oil and gas as they scramble to lower their trade surplus with Washington in hopes of easing their tariff burdens…
