US puts new oil and gas leases, permits on federal lands on hold for 60 days | S&P Global Platts

Houston — The US Interior Department on Jan. 20 put new oil and gas lease sales and permits on federal lands and waters on hold for 60 days, according to an order signed by Acting Secretary Scott de la Vega. The decision gives the Biden administration more time to develop its longer-term plans on oil and […]

Trump administration issues last-minute Arctic refuge drilling leases | Reuters

The Trump administration said on Tuesday it had issued drilling leases on more than 400,000 acres (160,000 hectares) of Alaska’s Arctic National Wildlife Refuge (ANWR), delivering on a promise to fossil-fuel proponents on President Donald Trump’s last full day in office. — Read on http://www.reuters.com/article/usa-trump-drilling/update-2-trump-administration-issues-last-minute-arctic-refuge-drilling-leases-idUSL1N2JU2R8

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Valaris 8500 and 8501 will be converted by SpaceX | RigLynx

Elon Musk’s SpaceX bought two deepwater rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port of Brownsville, near SpaceX’s Starship development facility in Boca Chica, Texas. The rigs have been renamed Deimos and Phobos, presumably in […]

OPEC sees U.S. shale output recovering further on oil rally | Reuters

The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Thursday, in a sign its policy of cutting output is helping rivals pump more. — Read on http://www.reuters.com/article/us-oil-opec/opec-sees-u-s-shale-output-recovering-further-on-oil-rally-idUSKBN29J1L6

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Oil companies lock in drilling, challenging Biden on climate | AP

BILLINGS, Mont. (AP) — In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts. An Associated Press analysis of government […]

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Permian Highway Pipeline now in service | KOSA

ODESSA, Texas (KOSA) – The Permian Highway Pipeline has begun full commercial in-service to start the new year. According to Kinger Morgan Inc., the pipeline began full service on January 1. It will deliver natural gas to Katy, Texas, with connections to markets along the Gulf Coast and in Mexico. The pipeline aims to help […]

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Interior finalizes plan to open 80 percent of Alaska petroleum reserve to drilling|The Hill

The Trump administration on Monday finalized plans to open more than 80 percent of Alaska’s National Petroleum Reserve (NPRA) to oil drilling, pushing ahead over objections from environmentalists who have already challenged the plans in court. The decision from the Bureau of Land Management (BLM) opens more than 18 million acres to oil and gas […]

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The Best-Performing Energy Companies Of 2020 | Forbes

It was a brutal year in the energy sector in 2020, but there were a few bright spots. Robert Rapier In 2020, the energy sector got hit with the triple-whammy of a price war between Saudi Arabia and Russia, demand destruction as a result of the Covid-19 pandemic, and perceptions that oil is about to […]

Oil edges higher, but posts 20% annual drop in tumultuous 2020 | Reuters

Global crude prices edged higher on Thursday but lost more than a fifth of their value in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and sent oil markets reeling. — Read on http://www.reuters.com/article/us-global-oil/oil-edges-higher-but-posts-20-annual-drop-in-tumultuous-2020-idUSKBN295044

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