United States: Senate confirms Doug Burgum to manage federal lands for hydrocarbons.

The U.S. Senate confirms Doug Burgum, governor of North Dakota, for the management of federal lands and national parks under the Trump administration, reinforcing the strategy of hydrocarbon production in the United States.

Share:

The Trump administration continues its policy of developing natural resources by appointing Doug Burgum, a figure closely linked to the oil and gas industry. Born in North Dakota, Burgum, a millionaire from the sale of his software company to Microsoft, has distinguished himself as governor since 2016 and has affirmed his commitment to supporting hydrocarbon production.

Context of the Appointment

The U.S. Senate confirmed his appointment, granting Burgum the responsibility for managing federal lands and national parks. Additionally, he has been appointed to lead a National Energy Council (Conseil national pour l’énergie), an entity directly linked to the White House, which does not require Senate approval. This key position comes at a time when the United States, the world’s leading crude oil producer, seeks to increase production to fill strategic reserves and export its energy internationally.

The decision to appoint someone closely associated with the oil industry has been welcomed by the sector. The American Petroleum Institute expressed its satisfaction with the appointment, anticipating a swift removal of obstacles hindering development on federal lands and waters.

Sectoral Implications

Under the Trump administration, energy policy is steering towards increased exploitation of natural resources, despite earlier commitments to combat climate change. While Donald Trump previously dismissed climate change as a “hoax,” Burgum’s confirmation, while acknowledging the scientific reality of the phenomenon, illustrates a pragmatic approach combining hydrocarbon development with state-level carbon neutrality projects.

The appointment comes in the context of revising drilling bans, particularly in certain protected areas such as in Alaska. This strategic choice aims to reduce energy costs for American consumers while enhancing energy independence.

Outlook for the Oil Industry

The impact of this appointment on the sector is expected to lead to a relaxation of administrative regulations. The management of federal lands, directly linked to energy policy, could offer increased flexibility for market players to expand their activities. Burgum’s experience as governor, coupled with his entrepreneurial background, is seen as an asset for stimulating investments in the hydrocarbon industry.

Market observers will remain attentive to the concrete measures implemented in the coming months. The coordination between the Department of the Interior and the National Energy Council could also influence the overall strategy of U.S. oil industry players.

The expansion of the global oil and gas fishing market is accelerating on the back of offshore projects, with annual growth estimated at 5.7% according to The Insight Partners.
The Competition Bureau has required Schlumberger to divest major assets to finalise the acquisition of ChampionX, thereby reducing the risks of market concentration in Canada’s oilfield services sector. —
Saturn Oil & Gas Inc. confirms the acquisition of 1,608,182 common shares for a total amount of USD3.46mn, as part of its public buyback offer in Canada, resulting in a reduction of its free float.
OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.
Talks between European Union member states stall on the adoption of the eighteenth sanctions package targeting Russian oil, due to ongoing disagreements over the proposed price ceiling.
Three new oil fields in Iraqi Kurdistan have been targeted by explosive drones, bringing the number of affected sites in this strategic region to five in one week, according to local authorities.
An explosion at 07:00 at an HKN Energy facility forced ShaMaran Petroleum to shut the Sarsang field while an inquiry determines damage and the impact on regional exports.
The Canadian producer issues USD 237 mn in senior notes at 6.875 % to repay bank debt, repurchase USD 73 mn of 2027 notes and push most of its maturity schedule to 2030.
BP revised upwards its production forecast for the second quarter of 2025, citing stronger-than-expected results from its US shale unit. However, lower oil prices and refinery maintenance shutdowns weighed on overall results.
Belgrade is engaged in complex negotiations with Washington to obtain a fifth extension of sanctions relief for the Serbian oil company NIS, which is majority-owned by Russian groups.
European Union ambassadors are close to reaching an agreement on a new sanctions package aimed at reducing the Russian oil price cap, with measures impacting several energy and financial sectors.
Backbone Infrastructure Nigeria Limited is investing $15bn to develop a 500,000-barrel-per-day oil refinery in Ondo State, a major project aimed at boosting Nigeria’s refining capacity.
The Central Energy Fund’s takeover of the Sapref refinery introduces major financial risks for South Africa, with the facility still offline and no clear restart strategy released so far.
PetroTal Corp. records production growth in the second quarter of 2025, improves its cash position and continues replacing key equipment at its main oil sites in Peru.
An explosion caused by a homemade explosive device in northeastern Colombia has forced Cenit, a subsidiary of Ecopetrol, to temporarily suspend operations on the strategic Caño Limón-Coveñas pipeline, crucial to the country's oil supply.
U.S. legislation eases access to federal lands for oil production, but fluctuations in crude prices may limit concrete impacts on investment and medium-term production, according to industry experts.
Permex Petroleum Corporation has completed a US$2mn fundraising by issuing convertible debentures, aimed at strengthening its cash position, without using intermediaries, and targeting a single institutional investor.
Petróleos de Venezuela S.A. (PDVSA) recorded $17.52bn in export sales in 2024, benefiting from increased volumes due to U.S. licences granted to foreign partners, according to an internal document seen by Reuters.
The detection of zinc in Mars crude extracted off the coast of Louisiana forced the US government to draw on its strategic reserves to support Gulf Coast refineries.
Commissioning of a 1.2-million-ton hydrocracking unit at the TANECO site confirms the industrial expansion of the complex and its ability to diversify refined fuel production.