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Venezuela oil reserves both entice and repel energy giants

Venezuela oil reserves both entice and repel energy giants

President Donald Trump's administration is pushing to open Venezuela's untapped natural resources to US investment but the oil-rich Latin American country's outdated infrastructure is making energy giants think twice about going all-in. Since US forces captured Venezuela's former leader Nicolas

Maryland Supreme Court tosses Blue cities' climate lawsuits against energy companies

(The Center Square) – The Maryland Supreme Court on Tuesday dismissed three lawsuits filed by Democrat-run jurisdictions claiming oil and gas companies concealed information about their products’ contributions to climate change, leading to significant costs. In the 3-2 decision, Justice Brynja Booth wrote for the majority that the cities

Trump administration seeks to ease oil fears but industry wary

Trump administration seeks to ease oil fears but industry wary

A top US official in President Donald Trump's government sought to reassure fears about the oil market Monday as war raged on in the Middle East, but industry leaders remain wary. US Energy Secretary Chris Wright told the annual CERAWeek conference in Houston that disruption to global energy

Second U.S. Gulf oil & gas lease sale generates $47 million

(The Center Square) - The second auction of oil and gas leases in the Gulf of America since President Donald Trump’s election in 2024 drew almost $47 million in high bids, with 98% of the activity in offshore areas deeper than 800 meters, according to sales results released by the