News Briefs

February 3, 2026
U.S. to begin allowing companies to produce Venezuelan oil

The Trump Administration will soon begin allowing companies to pump oil in Venezuela, according to Bloomberg News.

February 3, 2026
Controversial natural gas pipeline expansion approved in Virginia, North Carolina

The Federal Energy Regulatory Commission has authorized a 55-mile natural gas pipeline expansion through Virginia and North Carolina, despite community opposition.

February 3, 2026
Florida considers bill blocking local governments from cutting fossil fuel use

The Florida legislature is weighing a bill that would prohibit local governments from adopting or implementing policies meant to draw down greenhouse gas emissions.

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News Articles

Ari Phillips
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January 29, 2026

After economic ‘rupture’ with U.S., Canada looks to Asia for oil exports

Canadian Prime Minister Mark Carney signed a sweeping agreement with the government of Alberta, home to the country’s vast tar sands oil reserves, laying the groundwork for a new oil pipeline to transport oil to British Columbia’s northern coast for export. With Canada engaged in an increasingly tense trade war with the United States, Carney is seeking to send more of Canada’s oil to Asia and to develop stronger energy sector relations with Pacific Rim countries.

Brendan Gibbons
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January 22, 2026

In Trump’s first year, fuel prices and energy jobs fall far short of campaign promises

Since Trump took office in January 2025, gasoline prices have declined about 6 percent to an average of $3.02 at the end of December, far short of Trump's campaign promises to cut fuel prices in half and bring the price at the pump down to $2 per gallon. Low fuel prices are a result of persistently low oil prices, which is causing pain for oil and gas workers as companies cut thousands of jobs.

Tom Pelton
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January 15, 2026

U.S. oil refinery investors, not consumers, will benefit from seizure of Venezuelan oil

The U.S. military’s seizure of Venezuela’s oil exports is unlikely to lower gasoline prices for consumers – as President Donald Trump has claimed – but could funnel billions of dollars to American oil companies that donated to Trump’s election, according to industry analysts. Among the oil refinery owners who could benefit is billionaire Trump donor Paul Singer, founder of an investment management company that is buying Citgo Petroleum, a refining firm owned by Venezuela’s state oil company. Also positioned to potentially cash in are ConocoPhillips, ExxonMobil, and Chevron, which also gave millions to Trump’s political campaign.

Brendan Gibbons
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January 8, 2026

The top Oil & Gas Watch News stories of 2025, according to readers

In 2025, Oil & Gas Watch News chronicled the first year of President Donald Trump’s “drill, baby, drill,” agenda, and many of our most popular articles examined the reality behind the rhetoric of his energy promises. Other top stories of 2025 covered massive but little-known energy projects in Alaska and Louisiana, as well as on federal public lands across the West.

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