E&P Highlights: June 30, 2025
Here’s a roundup of the latest E&P headlines, including an oil discovery by Equinor and an oil and gas lease sale in the Gulf of America.
Trump Approves Operations for NGL Pipeline Crossing Canadian Border
Canadian company Steel Reef will be allowed to ship products from the U.S. to Canada.
Venture Global Authorized to Introduce Gas to Plaquemines Phase 2
The FERC notified Venture Global that it could introduce natural gas into the gas turbine generator for the Phase 2 facility at the Plaquemines plant. The expanded facilities are expected to begin production in 2026.
Supreme Court to Consider Enbridge Line 5 Case Dispute
The Supreme Court’s decision will not decide the ultimate outcome for Enbridge’s Line 5 pipeline project.
Trump Issues Permit Allowing South Bow to Operate Pipeline at US-Canada Border
U.S. President Donald Trump issued a presidential permit on Monday authorizing South Bow to operate and maintain pipeline facilities at Cavalier County, North Dakota, at the U.S.-Canada border.This permit supersedes and revokes an earlier presidential permit issued in July 2020 when Trump was in office, according to the White House.
FERC Updates NEPA Rules to Accelerate Energy Permitting Process
The FERC unanimously voted on June 30 to adopt a new, 18-page staff guidance manual on how to implement the National Environmental Policy Act (NEPA) following changes in administrative and judicial policy.
Argentina Asks UK Court to Pause Enforcement in $16 Bln Oil Company Seizure Case
Argentina on Monday urged London’s High Court to pause enforcement of a $16 billion-plus United States court judgment over the expropriation of oil and gas company YPF, pending an appeal by the Argentinian government in the U.S. The South American republic was ordered in 2023 to pay minority shareholders around $16 billion resulting from its …
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Ex-Weatherford Chief Guns for 2nd Energy SPAC on Heels of 1st
Former Weatherford International CEO Bernard Duroc-Danner is planning Pyrophyte Acquisition Corp. II, a blank check company led and advised by a wide range of financial and energy executives including Riverstone Holdings’ co-founders.
Top US Private Producers See Opportunity in Market Volatility
Privately held oil and gas producers from Surge Energy, Northeast Natural Energy, Anschutz Exploration, Greylock Energy and Jonah Energy dish on their plans in the Delaware, Midland Appalachian basins, where they ready to pounce on M&A opportunities.
Westwood Acquires CSRS to Strengthen Service Offerings
Westwood’s CSRS acquisition is part of the company’s strategy to expand into new regions while strengthening its service offerings.