Energy Workforce and Technology Council CEO Leslie Beyer said the Biden Administration’s plan to restart limited lease sales on federal lands, while raising royalty fees paid by oil and gas producers, and its decision to restore stricter reviews under NEPA will not significantly increase American energy security or immediately reduce energy costs for the consumer....Continue Reading
Halliburton Co. said North American oil and natural gas drillers will lift spending by 35% this year, an increase from the biggest fracer’s pre-Russian war forecast. SourceContinue Reading
The regulations will slow the permitting process for critical energy infrastructure dramatically and create new obstacles not only for natural gas and oil development but also the deployment of CCUS and hydrogen infrastructure, API said. SourceContinue Reading
The long-recognized significant safety risks associated with the manual emergency release of mooring systems are minimized with PODx (Powered Offshore Disconnect), a new automatic actuation system from Gall Thomson. SourceContinue Reading
Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade. SourceContinue Reading
Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company’s core operating area, the Potiguar Basin onshore Brazil, the company announced. SourceContinue Reading
Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media. SourceContinue Reading
A natural gas pipeline in Texas leaked methane from a 16-inch pipe that’s a tiny part of a vast web of unregulated gathering lines across the U.S., linking production fields and other sites to bigger transmission lines. SourceContinue Reading
Oil rose with the shutdown of Libya’s biggest oil field in an already under-supplied market overshadowing signals that China’s lockdowns are weighing on its economic growth. SourceContinue Reading
Europe can reduce energy dependence on Russia quicker than previously estimated, Mario Draghi said in an interview with Corriere della Sera. SourceContinue Reading
