Industry groups reacted to the Department of Interior’s release of its five-year offshore drilling plan that seeks to block new offshore drilling in the Atlantic and Pacific oceans, saying it would be an overall disadvantage to America and its energy security. SourceContinue Reading
India’s windfall tax on domestic crude oil production and fuel exports may help the government bring in 1 trillion rupees ($12.7 billion) in revenues, Press Trust of India reported. SourceContinue Reading
President Joe Biden said he’ll ask U.S. allies in the Persian Gulf region to boost oil production when he meets with them during a trip to Saudi Arabia next month, one of the key avenues he has to address surging inflation costs at home. SourceContinue Reading
The U.S. Supreme Court restricted the Environmental Protection Agency’s authority to curb greenhouse gases from power plants, siding with coal-mining companies and Republican-led states in a blow to President Joe Biden’s climate-change agenda. SourceContinue Reading
Energy Workforce & Technology Council CEO Leslie Beyer applauded the Supreme Court ruling in WVA vs EPA that limits EPA’s authority to regulate greenhouse gases from power plants. SourceContinue Reading
Canada’s economic expansion suffered a minor setback last month after a robust start to the year, driven by a drop in oil production. SourceContinue Reading
The U.S. Supreme Court’s decision on the EPA’s federal overreach with the Clean Air Act is a win for good government, American energy producers and for hardworking taxpayers, Railroad Commission of Texas Chairman Wayne Christian said. SourceContinue Reading
The OPEC+ coalition ratified an oil-production increase that completes the return of supplies halted during the pandemic, while deferring discussions on its next move for another day. SourceContinue Reading
Through the agreement, Longboat farmed-in to two near-term, gas weighted exploration prospects on the Norwegian Continental Shelf targeting combined gross unrisked mean prospective resources of 223 mmboe1. SourceContinue Reading
It may not be quite throwing caution to the winds, but the prospect of hefty profits and supply that may not stretch to meet consumer demand is enticing U.S. refiners to run at a 21-month high, testing equipment limits to sustain high rates without breakdowns. SourceContinue Reading
