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One of Rigzone's regular market watchers takes a look at the state of new global grassroot refineries and more.

'Lease Sale 259 is the first Gulf of Mexico offshore oil and gas lease sale since November 2021'.

The recently proposed restrictions on oil and natural gas vessels operating in the U.S. Gulf of Mexico would lead to a nearly one-quarter decline in U.S. energy production, the study said.

The $150 million funding seeks to help curb import reliance.

The new sites are expected to bring forward an estimated $13.1 billion of private and public investment and create over 75,000 new, high-skilled jobs.

The 2,400-MW Leading Light Wind Project and the 1,342-MW Attentive Energy Two Project are the first wind farms approved by the state this year.

New Jersey hopes to grow EV use by imposing a gradual phaseout of fossil fuel cars at the manufacturing level.

The new offshore UK licensing round will not be a short-term fix for UK energy security, according to Westwood Global Energy Group.

EIR says the new index enables it to estimate geopolitical premium or discount in oil prices.

The gap between Mexico and New Mexico was just 74,000 barrels per day in September.