Our top stories
Coastal projects could be funded by new Gulf oil discovery
A newly discovered offshore oil reserve in the Gulf could fuel coastal restoration efforts in the state, with production potentially starting as soon as 2027, The Center Square writes. The find, led by a partnership...
Supply shocks and shutdowns reduce oil industry’s windfall from Iran conflict
Higher crude prices are failing to fully offset operational disruptions for major energy companies, Bloomberg writes. ExxonMobil and Chevron saw global production drop about 6% in the first quarter, while Shell’s gas output also declined as...
DOE offers 30 million barrels of oil from West Hackberry SPR
On Thursday, the DOE offered a third batch of 30 million barrels of sweet, or low-sulfur, crude from the Strategic Petroleum Reserve's West Hackberry site in Louisiana, the second allotment under the Trump administration's effort...
Lawsuits against energy industry could be limited by proposed state bill
The ability to file lawsuits related to climate change could be significantly restricted by a bill currently moving through the Louisiana Legislature, shielding energy companies and related industries from such claims.
House Bill 804, authored...
Commonwealth LNG nears FID on Cameron Parish terminal
Owners are nearing a Final Investment Decision (FID) on the $12.5 billion Commonwealth LNG export terminal in Cameron Parish, with a call expected in the coming weeks.
Backed by major global offtake agreements, the project...
Oil surge results in 15-year insider selling record
Oil and gas executives sold roughly $1.4 billion in stock during the first quarter as crude prices spiked following U.S. military action against Iran, The Wall Street Journal writes. Shares of major producers and service...
Venture Global to benefit from global energy shock
Venture Global is set to benefit from the global energy shock, as disruptions in the Middle East tighten LNG supplies, The Wall Street Journal writes.
The exporter, which has several Louisiana-based projects, has built a lucrative...
