http://www.worldoil.com WorldOil Shell reports first profit from upstream operations since pandemic began https://www.worldoil.com/news/2021/4/7/shell-reports-first-profit-from-upstream-operations-since-pandemic-began Shell’s upstream unit was able to capture “the upside from the current commodity price environment” in the first quarter, according to a statement April 7th. U.S. Interior chief reviewing “fundamentally broken” oil rights system https://www.worldoil.com/news/2021/4/2/us-interior-chief-reviewing-fundamentally-broken-oil-rights-system One day after the U.S. energy secretary phoned Saudi Arabia on the "importance of affordable and reliable energy for consumers," Interior Secretary Deb Haaland called the domestic fossil fuel industry "fundamentally broken," suggesting that Biden's oil and gas leasing moratorium will be anything but temporary. PetroChina’s $37B capex budget makes it the world’s most active oil company https://www.worldoil.com/news/2021/3/26/petrochina-s-37b-capex-budget-makes-it-the-world-s-most-active-oil-company China’s quick recovery from Covid-19 means that its demand for oil and gas has fully recovered from the pandemic-induced swoon of early 2020, and President Xi Jinping continues to make energy security a top priority. Pemex discovers new billion-barrel oil field in Tabasco https://www.worldoil.com/news/2021/3/15/pemex-discovers-new-billion-barrel-oil-field-in-tabasco Pemex is under pressure to prove that the company is increasing production under the government of President Andres Manuel Lopez Obrador, who swept into power in late 2018, promising to revive it by rolling back the liberalizing energy reforms of his predecessor. Equinor logs new oil find near existing Barents Sea fields https://www.worldoil.com/news/2021/3/10/equinor-logs-new-oil-find-near-existing-barents-sea-fields Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production license 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic meters of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil. Lackluster results diminish interest in Norway’s latest Arctic oil lease round https://www.worldoil.com/news/2021/2/26/lackluster-results-diminish-interest-in-norway-s-latest-arctic-oil-lease-round The Nordic country’s oil and gas industry has been keen for new acreage to offset an expected decline in production toward the middle of the decade. The Barents is estimated to hold more than 60% of the undiscovered resources off Norway, according to the nation’s petroleum directorate. Native Alaskan landowners demand reconciliation for U.S. government’s ANWR statements https://www.worldoil.com/news/2021/2/26/native-alaskan-landowners-demand-reconciliation-for-us-government-s-anwr-statements Kaktovik Iñupiat Corporation strongly disputed the U.S. Fish and Wildlife Service announcement that it failed with respect to its permit application to conduct seismic studies in the Arctic National Wildlife Refuge, the company said in a statement. Energean takes on $170M offshore Israel gas exploration plan https://www.worldoil.com/news/2021/2/11/energean-takes-on-170m-offshore-israel-gas-exploration-plan Energean sees potential to find about 110 billion cubic meters of gas that it could sell over the next 10-20 years, doubling the company's current reserves in Israel. Abu Dhabi grants Japan’s Cosmo offshore oil exploration rights https://www.worldoil.com/news/2021/2/10/abu-dhabi-grants-japan-s-cosmo-offshore-oil-exploration-rights Cosmo will invest as much as $145 million in the exploration phase at Offshore Block 4, government-owned ADNOC said Wednesday in a statement. Abu Dhabi holds most of the oil in the United Arab Emirates, the third-largest producer in OPEC. Biden prepares to end new oil and coal leases on federal land https://www.worldoil.com/news/2021/1/21/biden-prepares-to-end-new-oil-and-coal-leases-on-federal-land Biden's move would block the sale of new mining and drilling rights across some 700 million acres of federal land. It could also block offshore oil and gas leasing, though details are still being developed.