The U.S. Interior Department on April 24 announced a policy enhancement that will increase offshore oil production in the Gulf of America. As part of the executive order issued by President Trump on Jan. 20 titled, “Unleashing American Energy,” the Bureau of Safety and Environmental Enforcement (BSEE) employed new parameters for Downhole Commingling in the…...
The U.S. Interior Department on April 23 announced it will execute emergency permitting procedures to fast track the development of critical minerals and domestic energy sources. The permitting procedures are in line with U.S. President Donald Trump’s executive order declaring a National Energy Emergency in January 2025. The order seeks to prioritize domestic fossil fuel…...
U.S. total petroleum product exports rose to a record annual average of 6.6 million barrels per day (b/d) during 2024, according to an April 23 report published by the U.S. Energy Information Administration. U.S. petroleum product exports during 2024 rose by 495,000 b/d compared to 2023, in line with higher U.S. exports of distillate fuel…...
U.S. crude oil production averaged 13.2 million barrels per day (b/d) during 2024, up by 270,000 b/d compared to the previous year, according to an April 16 report published by the U.S. Energy Information Administration. The increase in crude oil production can be attributed to increased productivity, amid technological advancements and increased efficiency. Majority of…...
The U.S. Interior Department on April 10 announced a major increase in projected gas and oil reserves in the Gulf of America Outer Continental Shelf. The announcement is in line with the executive order issued by President Trump on Jan. 31 titled “Unleashing Prosperity Through Deregulation,” which further directs the department to take on actions…...
U.S. crude oil exports exceeded 4.1 million barrels per day (b/d) during 2024, surpassing the previous record set during 2023, according to an April 10 report published by the U.S. Energy Information Administration. Despite the increase in crude oil exports, year-on-year growth slowed to one percent during 2024, compared with 14 percent during 2023 and…...
The U.S. Interior Department on March 27 announced the distribution of around $353.6 million in energy revenues to the four Gulf of America gas and oil producing states. The funds, distributed yearly, are generated from offshore gas and oil production and are allocated to support coastal protection, infrastructure projects and restoration. The Gulf of Mexico…...
Jet fuel accounted for a record high share of U.S. refinery output during 2024 due to higher demand for jet fuel compared to other transportation fuels, according to a March 24 report published by the U.S. Energy Information Administration. Jet fuel, motor gasoline and distillate fuel oil account for over 85 percent of U.S. refinery…...