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The move would block the sale of new mining and drilling rights across some 700 million acres of federal land. It could also block offshore oil and gas leasing, though details are still being developed. Source
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Alberta, home to the world’s third largest oil reserves, viewed the line as essential for delivering its heavy crude to U.S. refineries at a time when alternate supplies from Latin America were dwindling. Source
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“We need to also discuss which economic relations in the gas sector are possible with Russia, and which aren’t,” Merkel said during a news conference in Berlin Thursday, referring to planned talks with Joe Biden’s government. “My basic position on Nord Stream 2 hasn’t changed,” she added, when asked about plans to complete the pipeline...
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Libya is seeking funding from foreign oil companies to fix its ailing infrastructure after years of war and neglect, the nation’s top energy official said. Source
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Energean PLC announced a Final Investment Decision has been taken on the North El Amriya and North Idkunea concession subsea tieback project in offshore Egypt. Source
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Jason Kenney said Justin Trudeau should demand the new U.S. administration sit down and discuss the project in the context of environmental, climate and security policy. If that fails, Canada should be willing to impose “meaningful” punitive measures against its biggest trading partner. Source
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Even before Biden’s inauguration, the oil and gas industry was on its back foot when it came to building major new infrastructure. Despite Donald Trump’s pro-fossil-fuel policies, energy companies such as Williams Cos. and Dominion Energy Inc. have been forced to scrap new projects in the face of stiff opposition. Source
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Alberta Premier Jason Kenney on Tuesday urged Canadian Prime Minister Justin Trudeau to take steps to save the pipeline permit, saying its revocation “would damage the Canada-U.S. bilateral relationship.” Source
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The partners in the Leviathan and Tamar fields, which sit off Israel’s Mediterranean coast, signed an agreement under which Israel Natural Gas Lines Ltd. will lay a new subsea pipeline and expand some of its existing ones, according to a statement Tuesday from Delek Drilling LP, a shareholder in both reservoirs. Source
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Fresh sanctions come just days before work on the pipeline is scheduled to start in Danish waters. Questions now remain whether the link, owned by a unit of Gazprom PJSC, will see further delays as the U.S. tries to limit Russian influence in Europe. Source
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