Monday, August 25, 2025

BP Starts Production from Oman’s Unconventional Gas Field

Tight gas production techniques perfected in the U.S. expected to deliver 1 Bcf/day to Sultanate of Oman; two-phase project targets 10.5 Tcf of natural gas — BP holds 60% interest, Oman 40% BP has started producing natural gas from what it said is its largest project start-up in 2017. The Khazzan gas field, which is operated by BP in partnership

Texas Grants First Drilling Permit to Mexican Oil Company

From MexicoNOW For the first time ever, Texas authorities have issued a drilling permit to a Mexican company for gas and oil extraction in the state. The Texas Railroad Commission, the agency that regulates the energy industry in the state, authorized Petrobal Omega 1 LLC to drill a 5,000-foot (2,524-meter) deep vertical well in the Barnett Shale basin located in

Trump Tax Plan Cuts Corporate Rates to 20%, Allows Full-Expensing for Business Investment

From The Hill The Republicans’ long-awaited tax framework would cut the top tax rate for the wealthy, drastically slash taxes for businesses and eliminate most itemized deductions, according to a copy obtained by The Hill. President Trump is expected to promote the framework today at a rally in Indiana. The new document provides information on tax rates and certain tax

U.S. Energy Companies Balk at Mexico as Insider-Led Theft from Pemex Pipelines Rises

Corruption inside government, law enforcement and Pemex: report cites examples of politicians and high-ranking state police officers working in the illegal trade of stolen gasoline and Pemex officials giving pipeline locations to organized crime From Texas Standard The loss of oil and gas from Pemex pipelines totals more than $1 billion a year, leaving some U.S. companies skittish about entering

County Officials in Texas Considering 10-year Tax Abatement for Cheniere LNG Expansion Project

From the Corpus Christi Caller-Times Cheniere Energy Inc., which does business locally as Corpus Christi Liquefaction LLC, is looking to increase the annual capacity of its area facility from 13.5 million tons of natural gas to 22.5 million tons. San Patricio County could see $20 million in payments over a 10-year period if a proposed tax abatement agreement is approved