Thursday, October 16, 2025
Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term- oil and gas 360

Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term

(Investing) – U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse. The move is considered mostly symbolic, as it will not impact areas where oil and gas development is currently underway, and mainly covers zones

Biden administration plans more sanctions on Russian oil exports- oil and gas 360

Biden administration plans more sanctions on Russian oil exports

(Oil Price) – The Biden Administration is set to slap more sanctions on Russia’s oil exports by targeting tankers hauling Russian crude and products, sources familiar with the outgoing administration’s plans have told Reuters. “It is going to be a big package,” one of Reuters’s sources said. The current Administration plans to target vessels that carry Russian oil above the $60 per

Oil prices hold at three-month high on stronger demand- oil and gas 360

Oil prices hold at three-month high on stronger demand

(Investing) – LONDON -Oil prices rose on Monday, remaining at their highest since mid-October as colder weather spurred buying while further support was provided by a weaker U.S. dollar and expectations of tighter sanctions on Iranian and Russian oil exports. Brent crude futures gained 49 cents, or 0.6%, to $77 a barrel by 1319 GMT, their highest since Oct. 14. U.S. West

Halliburton, Coterra launch first fully automated hydraulic fracturing program- oil and gas 360

Halliburton, Coterra launch first fully automated hydraulic fracturing program

(World Oil) – Halliburton and Coterra Energy announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv® Auto Frac service, which is part of the ZEUS platform. This technology automates stage delivery execution with the push of a button. Coterra is the first operator to fully automate and control their hydraulic fracturing design and execution. The Octiv Auto

US oil executives expect faster permitting under Trump, says Dallas Fed- oil and gas 360

US oil executives expect faster permitting under Trump, says Dallas Fed

(Investing) – HOUSTON -U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday. The overall outlook brightened and activity levels increased while uncertainty declined in the final quarter of 2024, according to a December survey of 134 energy firms in Texas, Louisiana and

Could Texas become a geothermal energy hub?- oil and gas 360

Could Texas become a geothermal energy hub?

(Oil Price) – Geothermal could soon be the hottest new thing in the United States energy mix. The naturally clean energy source has traditionally enjoyed broad bipartisan support in the United States, which is an increasingly impressive feat for any item of legislative interest. But while geothermal has a lot of things going for it – zero emissions, constant productivity – but it

Totalenergies, Vantage Drilling create new joint venture- oil and gas 360

Totalenergies, Vantage Drilling create new joint venture

(World Oil) – Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies, in line with the MOU terms described in previous announcements. Subsequent to the completion of the current Tungsten Explorer contract in Congo, TEVA will acquire the Tungsten Explorer from Vantage subject to customary sale and purchase conditions precedent. TotalEnergies, Vantage

Equinor secures $3-billion financing for U.S. offshore wind project- oil and gas 360

Equinor secures $3-billion financing for U.S. offshore wind project

( Oil Price) – Equinor has secured a project financing package of over $3 billion for its U.S. offshore wind project Empire Wind 1, Norway’s energy major said on Thursday. Empire Wind 1 is planned to power 500,000 New York homes and is expected to reach its commercial operation date in 2027. With a contracted capacity of 810 megawatts (MW), Empire Wind 1

China proposes further export curbs on battery, critical minerals tech- oil and gas 360- oil and gas 360

China proposes further export curbs on battery, critical minerals tech

(Investing) – BEIJING – China’s commerce ministry has proposed export restrictions on some technology used to make battery components and process critical minerals lithium and gallium, a document issued on Thursday showed.   If implemented, they would be the latest in a series of export restrictions and bans targeting critical minerals and the technology used to process them, areas in which

Oil prices rise at the start of 2025 as demand optimism prevails- oil and gas 360

Oil prices rise at the start of 2025 as demand optimism prevails

(Oil Price) – Oil prices began the 2025 trading year with a rise in Asia on Thursday as market sentiment turned positive on expectations of stronger economic and oil demand growth. Oil prices have been rangebound for most of the fourth quarter amid concerns about demand in China and other major economies and expectations of an oversupply this year. For 2024, oil saw