Sunday, August 3, 2025
EQT Calls on Congress to Slash Gas Project Approval Times- oil and gas 360

EQT calls on congress to slash gas project approval times

(Oil Price)– The chief executive of gas major EQT has called on legislators to reduce the length of the approval process for new natural gas infrastructure in order to boost the competitiveness of U.S. energy. In an interview with the Financial Times, Toby Rice said that “The threat of not getting infrastructure built has only gotten larger — not only from bad

bp sells U.S. onshore wind business, continuing pivot back to oil and gas

(World Oil)– BP Plc has agreed to sell its U.S. onshore wind business to LS Power, as the company continues efforts to pivot back toward its core oil and gas business and reverse years of share underperformance. The deal completes the UK energy giant’s exit from wind power generation, transferring ownership of 10 assets across seven US states, according to

US not rushing trade deals ahead of August deadline, will talk with China, Bessent says- oil and gas 360

US not rushing trade deals ahead of August deadline, will talk with China, Bessent says

(BOE Report)– The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs. “We’re not going to rush for the sake of doing deals,” Bessent told CNBC in an interview. Asked whether

Chevron wins Exxon case but loses time, oil and billions- oil and gas 360

Chevron wins Exxon case but loses time, oil and billions

(BOE Report)– ExxonMobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. Chevron’s deal, first announced in October 2023, closed on Friday after a drawn-out dispute over Hess’s 30%