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U.S. Dept. of Interior urged to fully leverage offshore energy resources

Oil & Gas 360º

(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf as a secure source of affordable, reliable energy.

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North America Drops More Rigs

Rigzone

Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS North America Drops More Rigs by Andreas Exarheas | Rigzone Staff | Monday, June 09, 2025 | 10:13 AM EST North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count.

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Processor Required to Account For Diverted Volumes Used for Gas Lift

The Energy Law

million in damages for diversion of more than ten million cubic feet of gas. Red Willow Offshore, LLC and Medco Energi US, LLC (collectively, “Red Willow”) were co-working interest owners of a natural gas well without the facilities to produce the well. The court also considered state regulations and industry standards.

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Poll: Majority of Americans Support Continued LNG Exports, Increasing Domestic Oil and Natural Gas Production

Energy Central

Recent polling proves President Biden’s pause on liquified natural gas (LNG) export approvals remains unsupported.

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Geopolitical Premium Keeps Oil Elevated

Rigzone

“We don’t see it as a likely scenario at this time, but given the precarious state that the Iran regime is in right now, I think everybody should be watching” the waterway, Mike Sommers, the president of the American Petroleum Institute, said in a Bloomberg television interview. a barrel at 3:06 p.m.

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US oil executives to meet with Trump next week

BOE Report

oil producers will meet with President Donald Trump next week, leading industry group the American Petroleum Institute said on Wednesday. Among the topics for discussion are tariffs, trade and exports of liquefied natural gas, an industry source told Reuters.

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House’s passing of Trump’s “One Big Beautiful Bill Act” is a win for U.S. energy, agencies say

Oil & Gas 360º

(World Oil) –Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives passage of the 2025 tax reconciliation bill.