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BOEM is proposing a royalty rate of 16 ⅔ percent for both shallow and deepwater leases—the lowest rate for deepwater since 2007, the agency said.

U.S. natural gas futures fell over 4% to nearly a one-month low despite forecasts for more demand over the next two weeks. 

Takanock has secured capital commitments totaling $500 million from ArcLight and DigitalBridge to address data center power constraints.

Carbon Quest and Daroga Power are coming together for a carbon capture-as-a-service financing project in North America.

Permitting and drilling activity has remained steady in the Bakken region, showing resilience despite market volatility and geopolitical tensions affecting commodity prices.

“No talks are taking place,” Shell said after the Wall Street Journal reported it was in early discussions over a takeover of BP.

Unlike other enhanced geothermal systems, XGS Energy’s technology does not rely on fracturing to access heat. Plus, it is designed to use zero operating water.