mark - Today in Oil and Gas

Equinor, Partners Approve $1.3 billion Johan Sverdrup Oilfield Expansion

CDN and International News, Latest, Oil / By mark

(Reuters) – Norway’s Equinor and its partners have approved a 13 billion Norwegian crown ($1.29 billion) investment for the expansion of Johan Sverdrup, western Europe’s largest producing oilfield, the company said on Tuesday. The project is expected to increase recoverable volumes from the field by between 40 million and 50 million barrels of oil equivalent, Equinor …

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Morgan Stanley Sees Brent at $60/bbl by Early Next Year

Conventional Energy, Latest, Oil, US News / By mark

Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday. The bank added it sees robust supply growth from non-OPEC countries over 2025-26 in the order of 1 million …

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Canada Ships First LNG Export Cargo From Pacific Coast

CDN and International News, Conventional Energy, Latest, LNG / By mark

Canada’s first-ever LNG export cargo has been shipped from the country’s Pacific Coast en route to Asia, a spokesperson for the Shell-led LNG Canada said on Monday. The cargo was loaded onto the tanker Gaslog Glasgow from LNG Canada’s site in Kitimat, British Columbia, just over a week after the facility confirmed first production and …

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Veteran, Newly Listed Private Producers on Top 100 Hungry for M&A

Latest / By mark

The new 2025 ranking of top U.S. private producers demonstrates changes in the space following a massive consolidation trend in the upstream sector, Enverus says.

US Senate Bill’s Clean Energy Cuts Draw Backlash From Labor, Business and Elon Musk

Latest, Pinned Primary, Solar, US News, Wind / By mark

The U.S. Senate’s proposed cuts to clean energy subsidies and the introduction of a new tax on wind and solar energy in its version of President Donald Trump’s tax and spending bill have drawn searing criticism from business and labor groups since they were unveiled over the weekend, with some arguing the moves could lead …

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E&P Highlights: June 30, 2025

Latest / By mark

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

Latest / By mark

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

Latest / By mark

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

Latest / By mark

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

Energy Topics & Technology, Latest, Pipelines, US News / By mark

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.