Claudia Sheinbaum, vying to becoming Mexico’s next president this summer, says she isn’t in favor of an absolute privatization of the energy sector but she isn’t against private investments either.
New Fortress Energy’s FLNG facility offshore Mexico can now sell and deliver LNG to U.S. locations.
BOEM’s adjustment is based on a 2015 act that requires annual inflation adjustments.
Among the key revisions, BOEM has implemented a lower bound confidence interval approach to asses bid adequacy.
With approval from the Federal Trade Commission, Exxon Mobil could close its $59.5 million acquisition of Pioneer Natural Resources after more than six months of review.
California-based Chevron Corp. doesn’t plan on allocating more capex into its operations in Venezuela even though it still has U.S. approval to operate there, despite Washington sanctions.
Spain’s Repsol plans to double its oil production in Venezuela and continue with its diluent swap agreements with the OPEC country as approved by the U.S. government.
Working with municipalities, Nopetro Energy aims to produce 2 million MMBtu of RNG annually.
The deal reached this week will eliminate several proposed ballot measures targeting the fossil fuel industry ahead of this year's election, including one that would have halted drilling in summer months.
A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.
Conflict in the Middle East has enabled Brazil’s state-owned Petrobras to change the flow of its oil exports, with China being the primary beneficiary, followed by Europe.
Diamondback Energy, which was nearing the end of a regulatory review period of its merger with Endeavor Energy Resources, is the latest E&P to see a deal postponed by the Federal Trade Commission.
Emissions reduction targets and cryptocurrency mining could double power demand and threaten the grid in West Texas by 2040, according to a report by Enverus Intelligence Research.
The reforms are the second and final phase of adjustments to the National Environmental Policy Act, or NEPA, by the Biden administration.