President Joe Biden took executive action on Wednesday to block new leases for oil drilling on federal lands and waters for one year and ordered a review of fossil-fuel subsidies and other measures to overhaul how the U.S. produces energy. SourceContinue Reading
President Joe Biden will take additional executive action on Wednesday to combat climate change, including temporarily blocking new leases for oil drilling on federal lands and waters, ordering a review of fossil-fuel subsidies and other measures to overhaul U.S. energy. SourceContinue Reading
With crude prices and refining margins buoyed by the rollout of Covid-19 vaccines and the prospect of an economic rebound, investors will be watching for signs in Big Oil’s fourth-quarter earnings that higher crude prices will translate into much-needed increased cash flows this year. SourceContinue Reading
After pushing Texas energy regulators to end the practice of natural gas flaring for environmental reasons, BP filed 121 flaring requests that test the limits of the rules and call into question the company’s pledge to reduce carbon emissions. SourceContinue Reading
With crude prices and refining margins buoyed by the rollout of Covid-19 vaccines and the prospect of an economic rebound, investors will be watching for signs in Big Oil’s fourth-quarter earnings that higher crude prices will translate into much-needed increased cash flows this year. SourceContinue Reading
As much as 40% of the natural gas that’s expected to be flared in the Permian Basin in 2025 could be avoided at no cost to drillers if regulators abandoned their hands-off approach to the controversial practice, according to a report. SourceContinue Reading
The U.S. Energy Information Administration expects total Uenergy-related CO2 emissions to increase to 4.8 billion metric tons in 2021 and 4.9 billion metric tons in 2022. SourceContinue Reading
A record two-thirds of senior oil and gas professionals report that their organization is actively adapting to a less carbon-intensive energy mix in 2021, up from just 44% in 2018. Some 57% plan to increase investment in renewables, up from 44% last year, about half expect to increase investment in green or decarbonized gas. SourceContinue Reading
The order directs agencies to strengthen requirements so that they acquire more goods and services from U.S. companies and workers, according to administration officials. The agencies spend almost $600 billion through these contracts. SourceContinue Reading
A record two-thirds of senior oil and gas professionals report that their organization is actively adapting to a less carbon-intensive energy mix in 2021, up from just 44% in 2018. Some 57% plan to increase investment in renewables, up from 44% last year, about half expect to increase investment in green or decarbonized gas. SourceContinue Reading
