oil and gas drilling operations News

$264M Offered for Gulf Oil Under Climate Compromise

Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on Wednesday in a sale mandated by last year’s climate bill compromise. The auction was the first in the Gulf in more than a year …

UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation

Liz Truss’s UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic squeeze on the cost of living that’s likely to define her premiership. Truss’s plan would cap the average cost of …

Environmental Groups Concerned Over Renewed Oil Hunt in Florida

Renewed hunts for oil in sensitive Florida ecosystems have environmental groups raising questions about the state’s regulation of the oil and gas industry. A Miami company, Kanter Real Estate LLC, has submitted a permit application to drill an exploratory oil …

Quakes Spur more Study of Wells by Oklahoma Corp. Commission

The Oklahoma Corporation Commission said it is placing more than 200 oil and natural gas wastewater disposal wells under scrutiny as the regulatory agency investigates whether the wells are triggering earthquakes in the state. The main focus of the action …