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July 21, 2023
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The Interior Department’s Bureau of Land Management is proposing costlier terms for oil and gas leasing on federal lands in keeping with the mandates of Inflation Reduction Act of 2022, plus a few extra policy tweaks.
YPF and Petronas are considering establishing a joint-stock company to build their proposed LNG plant in Bahia Blanca, Argentina.
The US drilling rig count dropped 6 units to reach 669 during the week ended July 21, data from Baker Hughes indicate. The report shows an overall decrease of 89 units from year-ago levels.
Occidental Petroleum subsidiary 1PointFive signed an oxygen supply contract with Matheson Tri-Gas for the carbon capture, utilization, and sequestration company’s first direct air capture (DAC) in Texas' Permian basin.
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Norway’s production averaged 1.990 million bbl in June, the Norwegian Petroleum Directorate (NPD) reported. The figure is down from the 1.991 million bbl produced in May.
Kistos NL1 BV will apply for an appraisal well permit for after having received a 5-year extension on Dutch North Sea licenses M10/M11.
Valero Energy Corp., San Antonio, Tex., has promoted Gary K. Simmons to executive vice-president and chief operating officer, effective July 20, 2023.
EQT Corp. has named Jeremy Knop as chief financial officer. Knop, who previously served as executive vice-president of corporate development, will assume the new role July 24, 2023.