Oil and gas industry news today

Here are some of the latest news and updates from the oil and gas industry:

Global Energy Market

• OPEC+ agrees to increase oil production by 400,000 barrels per day in July, despite concerns over rising COVID-19 cases and economic uncertainty. (Source: Reuters)
• Global oil demand is expected to recover to pre-pandemic levels by 2023, according to the International Energy Agency (IEA). (Source: Bloomberg)

Company News

• ExxonMobil reports a 23% decline in first-quarter earnings due to lower oil prices and refining margins. (Source: CNBC)
• Chevron's first-quarter earnings beat expectations, driven by higher oil and gas production. (Source: The Wall Street Journal)
• Occidental Petroleum's CEO Vicki Hollub says the company is considering a potential merger or acquisition to boost its growth prospects. (Source: The New York Times)

Exploration and Production

• Shell discovers significant oil and gas reserves in the Gulf of Mexico, with estimated resources of up to 1.3 billion barrels of oil equivalent. (Source: Offshore Magazine)
• ConocoPhillips announces a major oil discovery in the Permian Basin, with estimated resources of up to 1.2 billion barrels of oil. (Source: Rigzone)
• BP begins drilling operations at its new oil field in the Gulf of Mexico, which is expected to produce up to 40,000 barrels of oil per day. (Source: Energy Voice)

Infrastructure and Pipelines

• The US Federal Energy Regulatory Commission (FERC) approves the construction of the $2.5 billion Mountain Valley Pipeline, which will transport natural gas from West Virginia to Virginia. (Source: Natural Gas Intelligence)
• Enbridge announces plans to build a new oil pipeline from the US to Canada, which will have the capacity to transport up to 1.2 million barrels of oil per day. (Source: Pipeline & Gas Journal)
• The US Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) proposes new safety regulations for oil and gas pipelines. (Source: Oil & Gas Journal)

Environmental and Regulatory

• The US Environmental Protection Agency (EPA) proposes new rules to reduce methane emissions from oil and gas operations. (Source: The Hill)
• The European Union's top court rules that the bloc's climate policies are compatible with the Paris Agreement, paving the way for stricter emissions targets. (Source: Reuters)
• The US Department of the Interior announces plans to auction off oil and gas leases in the Gulf of Mexico, despite concerns from environmental groups. (Source: The New York Times)

These are just a few of the latest news and updates from the oil and gas industry. If you're looking for more information, I'd be happy to help!