Thursday, March 26, 2026

Government Update News


Green Party Norway Pushes Oil Phaseout

Sep 09, 2025

In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election…

Orsted Wind Venture Sues Trump Administration Over Rhode Island Project Halt

Sep 04, 2025

Danish wind farm developer Orsted's Revolution Wind joint venture has filed a lawsuit against the administration of President Donald Trump over the U.S. government's decision to block construction of the project off Rhode Island, a court filing showed on Thursday…

Trump Administration Cancels $679m of Funding for Offshore Wind

Aug 29, 2025

The Trump administration said on Friday it was cancelling $679 million in federal funding for 12 offshore wind projects, including $427 million for a California project.The move is the latest in a full-throated effort by the administration to…

Trump Administration to Cancel Approval of Maryland Offshore Wind Project

Aug 25, 2025

The administration of U.S. President Donald Trump intends to withdraw federal approval for US Wind’s offshore wind farm off the coast of Maryland, according to a filing submitted by Attorney General Pam Bondi in the U.S. District Court in Delaware on Friday…

Trump's Halt of Rhode Island Wind Project Stuns Local Leaders

Aug 25, 2025

The Trump administration's order to halt work on a nearly completed wind farm off the coast of Rhode Island threatens grid reliability and jobs and defies explanation, business and government leaders from New England said on Monday.State leaders…

Oil Prices Fall Ahead of Possible Cease-Fire

Aug 19, 2025

Oil prices fell on Tuesday as traders thought a possible cease-fire in Russia's war with Ukraine might lead to easing or the end to sanctions on Russian crude oil, which would in turn boost global supply.Brent crude futures were down 50 cents…

The Gulf of America Can Lead in Carbon Storage, If Washington Acts

Aug 15, 2025

The United States has everything it needs to lead in offshore carbon capture and storage (CCS), except the rules to make it happen.Nearly four years ago, Congress gave the Department of the Interior authority to oversee offshore carbon sequestration…

BOEM Looks to Open 80 million Acres for Oil and Gas Lease Sale

Jun 25, 2025

The Bureau of Ocean Energy Management announced the publication of a Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of America.As directed by Secretary of the Interior and outlined in the PNOS, Lease Sale 262 will offer approximately 15…

Iran’s Top Security Body to Weigh In on Strait of Hormuz Closure

Jun 23, 2025

Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz following U.S. bombing raids, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure.Iran has long used the threat of closing the Strait…

Libya Blocks Greek Tender for Hydrocarbon Exploration Off Crete

Jun 20, 2025

Libya's internationally recognised government of national unity has objected to Greece's approval of an international tender for hydrocarbon exploration off the island of Crete, saying some of the blocks infringe upon its own maritime zones…

Egypt Halts Fertilizer Production In Light of Israeli Gas Disruptions

Jun 13, 2025

Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes…

Petrobras Aims to Lure Chinese Investments to Brazil's Naval Sector

Apr 29, 2025

Brazilian state-run energy giant Petrobras seeks to attract fresh Chinese investments to Brazil's oil and gas sector, especially in the naval sector, it said on Tuesday, as Chief Executive Magda Chambriard visits the Asian country.Chambriard and President Luiz Inacio Lula da Silva's chief of staff…

GAO Calls for Better Offshore Wind Project Oversight

Apr 15, 2025

The US Government Accountability Office (GAO) has made recommendations aimed at improving the Department of Interior’s oversight of offshore wind projects.The Department of the Interior and other federal agencies are supposed to work with Tribes…

Global Trade War Worries Grow as Trump Unveils Sweeping Tariffs

Apr 03, 2025

The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House…

Attack on Guyana, Exxon Would Be 'Bad Day' for Venezuela, Rubio Warns

Mar 28, 2025

U.S. Secretary of State warned Venezuela on Thursday that it would be 'a very bad day' for the South American country if it were to attack its neighbor Guyana or U.S.-based energy giant ExxonMobil, in comments that threatened unspecified action in such a case…

Current News

Tenaris Expands Canada Footprint with AllTorque Acquisition Deal

UK Unveils Plans for 2027 Offshore Wind Leasing Round

TotalEnergies to Review 2050 Net-Zero Targets as Energy Transition Slows

Asian Buyers Rush for Russian Oil Amid Supply Disruption

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