Oil Steadies as Sverdrup Field Restart Counters Geopolitical Concerns

Brent crude futures fell 0.1% and WTI crude futures gained 0.1%. 

US Grid Operator Faces New Complaint Over Power Supply Auction

PJM Interconnection, the largest U.S. grid operator, is being accused of unfairly awarding high payments to power plants and pushing up electricity costs for homes and businesses.

WoodMac Sees Lighter Hand on Emissions, Departure From Paris Under Trump

Much of the Inflation Reduction Act is likely to remain in place, forecasting firm Wood Makenzie says.

E&P Highlights: Nov. 18, 2024

Here’s a roundup of the latest E&P headlines, including new discoveries in the North Sea and governmental appointments.

Liberty Energy Plans Succession Following Trump’s Pick for Energy Secretary

If the U.S. Senate confirms President-elect Donald Trump’s choice of Liberty Energy CEO Chris Wright for the role of energy secretary, the company has a succession plan in place.

LNG Tanker Docks at Venture Global’s Plaquemines LNG Terminal

The FERC recently gave Venture Global’s Plaquemines LNG facility permission to use natural gas.

What's Affecting Oil Prices This Week? (Nov. 18, 2024)

For the upcoming week, the price of Brent crude could test its support at $70 and if the price breaks below this level, the price of Brent could fall to $66.

Harold Hamm: ‘Drill, Baby, Drill’ Faces Geology Barriers, Even Under Trump

Harold Hamm, Continental Resources founder and major Trump donor, says the U.S. faces real barriers to expanding production growth—even with Republicans controlling D.C.—as major shale basins mature.

Trump Picks Liberty Energy’s Chris Wright for US Energy Secretary

Frac pressure-pumping leader Chris Wright was part of a mid-1990s team that suggested a slickwater—rather than gel—frac to George Mitchell, leading to the U.S. shale-gas breakthrough.

Appeals Court Ruling Wrecks NEPA Standard, Creates Uncertainty Across Energy Sector

Judges have taken away one of the White House’s primary tools for implementing environmental regulations, creating uncertainty for sectors across the energy industry.