Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales.The American Petroleum Institute (API)…
BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change.BP, which plans to sharply…
Lebanese President Michel Aoun said on Tuesday there should be no preconditions for talks with Israel over their Mediterranean border dispute, key to Lebanon's hopes to find gas reserves amid its worst economic crisis since its 1975-1990 civil war…
Lebanon and Israel resumed U.S.-mediated talks on Tuesday over a dispute about their Mediterranean Sea border that has held up hydrocarbon exploration in the potentially gas-rich area, an official Lebanese source said.The longtime foes held…
The United States stands ready to facilitate maritime border talks between Lebanon and Israel that will have benefits for the crisis-hit Lebanese economy, a U.S. envoy said on Thursday.On a visit to Beirut, Under Secretary of State David Hale…
A senior cabinet minister said on Monday he had signed a document expanding Lebanon's claims in a row with Israel over their maritime border that has held up hydrocarbon exploration in the potentially gas-rich area.The amendment would add around 1…
U.S. petroleum inventories have continued to converge down towards the five-year average, a sign that oil market rebalancing remains on track, despite the resurgence of the coronavirus since the end of 2020.Total stocks of crude oil and products…
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.The move appears…
Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell.The long-running graft case revolves…
Lebanon wants maritime border talks with Israel to succeed and difficulties that surfaced in the last session round can be overcome, President Michel Aoun told a U.S. mediator on Wednesday after the latest round was postponed.The negotiations between the old foes were launched in October…
The Trump administration on Thursday proposed to loosen Obama-era safety regulations for the oil industry in the Arctic Ocean off Alaska to ease the way for petroleum extraction in the region, an effort that President-elect Joe Biden will likely throw out once in office…
Iran's oil exports averaged 600,000 to 700,000 barrels per day (bpd) since March despite U.S. sanctions on its energy industry, an Iranian official said on Wednesday, far exceeding estimates by agencies monitoring the country's crude sales.One…
Israel and Lebanon on Wednesday held a second round of U.S.-mediated talks over their disputed sea border that has held up hydrocarbon exploration in the potentially gas-rich area, though sources said gaps between the sides remain large.Delegations from the long-time foes reconvened at a U…
Lebanon and Israel, formally still at war after decades of conflict, launch talks on Wednesday to address a long-running dispute over their maritime border running through potentially gas-rich Mediterranean waters.The U.S.-mediated talks follow…
BHP Group said on Tuesday it plans to sell its 50% stake in the Australian Bass Strait oil and gas venture as it seeks to focus on its higher-value petroleum assets.The Bass Strait joint venture is co-owned and operated by Exxon Mobil Corp, which has also put its 50% stake up for sale…
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