“You can write a lot of executive orders, but an executive order doesn’t get you past go,” Interior Secretary David Bernhardt said on his last full day leading the Interior Department. “They still have to run through the gauntlet of the law.” SourceContinue Reading
Environmentalists said Biden’s actions — some of which could take years to be implemented — will renew the U.S. commitment to safeguarding the environment and signal to the world that America has returned to the global fight against climate change. SourceContinue Reading
Two weeks ago, the world’s biggest crude exporter stunned energy traders by announcing that — rather than restore halted production as planned — it would slash supplies by a further 1 million barrels a day. On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter as countries hunker down...Continue Reading
India’s oil minister and the Organization of Petroleum Exporting Countries’ top official publicly jousted over the cartel’s policy shift at a conference hosted by the Atlantic Council on Tuesday. SourceContinue Reading
The five-year consolidated services contract, valued at $130 million, will see Wood leverage its experience and capability in late life asset optimization and management to extend field life, lower costs, and reduce late life carbon intensity across the Hub’s offshore assets in the East Irish Sea and the Barrow onshore gas terminal on the northwest...Continue Reading
The United Arab Emirates will use carbon-capture technologies to create what’s known as blue hydrogen on its path to becoming a major exporter of the fuel, Sultan Al Jaber, CEO of Abu Dhabi National Oil Co., said at a virtual conference on Tuesday. SourceContinue Reading
“This year’s award of 61 new production licenses to as many as 30 companies shows that the petroleum industry still has significant expectations of making profitable discoveries on the Norwegian Shelf,” says director license management in the Norwegian Petroleum Directorate, Kalmar Ildstad. SourceContinue Reading
The top U.S. financial regulator’s reported investigation into how Exxon Mobil values shale assets follows years of concerns about the industry’s rosy projections, which have left hundreds of billions of dollars of investor losses and writedowns. SourceContinue Reading
Mozambique has struggled to contain an insurgency that has left more than 2,500 people dead and caused 570,000 to flee. The violence this year prompted Total SE to evacuate workers from its $20 billion liquefied natural gas project as attacks encroached on what is Africa’s biggest private investment. SourceContinue Reading
