US to Withdraw from Paris Climate Agreement, White House Says
The announcement, in a document from the White House, reflects President Trump’s skepticism about global warming, which he has called a hoax.
Energy Transition in Motion (Week of Jan. 17, 2025)
Here is a look at some of this week’s renewable energy news, including more than $8 billion more in loans closed by the Department of Energy’s Loan Programs Office.
BP Cuts Over 5% of Workforce to Reduce Costs
BP will cut over 5% of its global workforce as part of efforts to reduce costs and rebuild investor confidence.
Norway Awards Equinor 27 Production Licenses in Latest Round
Equinor ASA, Aker BP ASA, Vår Energi ASA and DNO ASA were selected for the most offshore licenses in Norway’s annual licensing rounds.
Pickering Prognosticates 2025 Political Winds and Shale M&A
For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.
EU Plans to Let Gas Price Cap Expire, Sources Say
The EU intends to let its gas price cap expire as scheduled at the end of this month, EU diplomats said.
European NatGas Prices Drop Despite Norwegian Outage
The European continent continues to pull in U.S. LNG, offsetting Norway’s Hammerfest LNG outage.
E&P Highlights: Jan. 6, 2025
Here’s a roundup of the latest E&P headlines, including company resignations and promotions and the acquisition of an oilfield service and supply company.
Hirs: Expansive Energy Policies Set to Shape 2025 Markets
The incoming administration’s policies on sanctions, tariffs, regulations and deportations will impact the oil and gas industry.
Equinor’s Norwegian LNG Plant Likely Shuttered for a Week
An outage at Equinor’s Arctic facility, Hammerfest LNG, will temporarily close Europe’s largest LNG export facility.