Offshore

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Democrats Question Legality of Trump, TotalEnergies Offshore Wind Deal

April 7 (Reuters) – House Democrats questioned the legality of the Trump administration’s deal to ​return nearly $1 billion to TotalEnergies (TTEF.PA) to ‌stop the development of two U.S. offshore wind farms, according to letters sent to ​administration officials and the French ​energy company. U.S. Representatives Jared Huffman and ⁠Jamie Raskin, both Democrats, sent a …

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Oil Giants Show Early Interest in US Gulf Deepwater Field Stake, Sources Say

LONDON/NEW YORK, April 2 (Reuters) – European energy majors TotalEnergies (TTEF.PA) and Shell (SHEL.L) are among companies eyeing a majority stake in one of the U.S. Gulf’s most promising sites, three ​sources with knowledge of the process said, as interest in North American energy prospects ‌rises due to the Middle East conflict. London-listed BP is …

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US Exempts Gulf of Mexico Drillers From Protecting Endangered Species

By Nichola Groom Exemption granted based on national security grounds Impacted species include critically endangered Rice’s whale Environmental groups vow to challenge vote in court Oil and gas industry says environmental protections remain March 31 (Reuters) – A federal panel, convened for the first time in more than three decades, voted unanimously on Tuesday ‌to …

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BP Wins US Approval for Kaskida Project in Gulf of Mexico, Spokesperson Says

British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late on Friday. The $5 billion investment would unlock 10 billion barrels of resources that BP has discovered in the Paleogene fields of the U.S. …

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ENERGY NORTH: Two Canada Oil Projects But Only One, Targeted “Oil Decarbonization” Requirement – Ron Wallace and Tammy Nemeth

    Ron Wallace and Tammy Nemeth “Investors can’t ignore the commercial constraints imposed by the MoU. My concern is that the MoU does not address the key federal barriers that preclude a free-market approach to the energy industry. Key federal barriers have become conditional, reversible, or deferred.”  Bryan Gould, Executive Chairman Aspenleaf Energy. As …

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Two Canada Oil Projects But Only One, Targeted “Oil Decarbonization” Requirement – Ron Wallace and Tammy Nemeth

    Ron Wallace and Tammy Nemeth “Investors can’t ignore the commercial constraints imposed by the MoU. My concern is that the MoU does not address the key federal barriers that preclude a free-market approach to the energy industry. Key federal barriers have become conditional, reversible, or deferred.”  Bryan Gould, Executive Chairman Aspenleaf Energy. As …

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NO TAKERS: Oil Companies Shun Trump Administration’s Alaska Offshore Auction

(Reuters) – Oil and gas drillers failed to show up at the Trump administration’s sale of more than 1 million acres (404,686 hectares) in Alaska’s Cook Inlet on Wednesday, declining to submit even a single bid. The sale was the first of six Alaska offshore oil and gas auctions mandated through 2032 by U.S. President …

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Oil Companies Shun Trump Administration’s Alaska Offshore Auction

(Reuters) – Oil and gas drillers failed to show up at the Trump administration’s sale of more than 1 million acres (404,686 hectares) in Alaska’s Cook Inlet on Wednesday, declining to submit even a single bid. The sale was the first of six Alaska offshore oil and gas auctions mandated through 2032 by U.S. President …

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Canadian East Coast Bay du Nord Oil Project Hits Key Milestone as Newfoundland and Labrador, Equinor Sign Agreement

A proposed deepwater oil project off the Canadian east coast reached a key milestone Tuesday as the Newfoundland and Labrador government signed an agreement with Equinor on how to divvy up the development’s anticipated rewards. Premier Tony Wakeham received several standing ovations as he unveiled the benefits agreement for the Bay du Nord project at …

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Newfoundland and Labrador Leads Canada in Boosting Exports to Countries Other Than U.S.

Most of the growth came from shipping crude oil to Europe. By Gary Kean Newfoundland and Labrador outpaced other provinces in sending a larger share of exports to non-U.S. markets in 2025. However, that does not mean it has diversified trading partners. According to a recent TD Economics report on the shifting nature of goods …

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