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House to take big step on eliminating Trump-era rules | TheHill

The House is gearing up for votes this week to undo three Trump-era rules, using a special legislative tool to repeal some of the previous administration’s agency actions. Democrats will draw on the Congressional Review Act (CRA) to take aim at rules governing methane regulations, lending practices and employment discrimination cases. The three resolutions, which […]

Read More House to take big step on eliminating Trump-era rules | TheHill
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US ends oil, gas lease sales from public land through June | AP News

BILLINGS, Mont. (AP) — The U.S. Interior Department is cancelling oil and gas lease sales from public lands through June amid an ongoing review of how the program contributes to climate change, officials said Wednesday. The action does not affect existing leases, and the agency has continued to issue new drilling permits during the open-ended […]

Read More US ends oil, gas lease sales from public land through June | AP News

Texas Freeze Raises Cost Of Charging A Tesla To $900 | OilPrice.com

By Charles Kennedy – Feb 16, 2021, 12:00 PM CST The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in power prices equals a cost of $900 for charging a Tesla. The typical full charge of a Tesla costs around $18 using a Level […]

Read More Texas Freeze Raises Cost Of Charging A Tesla To $900 | OilPrice.com
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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 […]

Read More Oil companies lock in drilling, challenging Biden on climate | AP
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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 […]

Read More The Best-Performing Energy Companies Of 2020 | Forbes
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Fossil, Renewable Energy Advocates Alike Applaud Passing of $2.3T Spending Bill – Natural Gas Intelligence

Proponents of the natural gas, oil and renewable energy sectors all found something to like about a $2.3 trillion omnibus spending and coronavirus relief package passed late Monday by the House and Senate. The American Petroleum Institute (API) praised legislators for including several provisions from Sen. Lisa Murkowski’s (R-AK) American Energy Innovation Act, including parts […]

Read More Fossil, Renewable Energy Advocates Alike Applaud Passing of $2.3T Spending Bill – Natural Gas Intelligence
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Shale oil slump burns private equity interest – Argus

Private equity (PE) investors are accelerating a shift away from the US shale oil sector amid diminishing returns caused by the Covid-19 pandemic. Over the past decade, private equity firms have poured tens of billions of dollars into the US oil and gas industry, especially as the shale revolution gained full steam. Their funding helped […]

Read More Shale oil slump burns private equity interest – Argus
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Permian natural gas pipeline on hold, market struggles amid COVID-19 | Current-Argus

A natural gas pipeline that would have connected producers in the Permian Basin with export and refinery markets in the Gulf Coast was halted as the fossil fuel industry struggles amid the COVID-19 pandemic. The pandemic led to several states and countries enacting travel bans and other business restrictions intended to slow the spread of […]

Read More Permian natural gas pipeline on hold, market struggles amid COVID-19 | Current-Argus
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US to try another Middle East reset under Biden | Argus Media

The foreign policy professionals US president-elect Joe Biden has picked for top positions in his administration have outlined plans for a less muscular, less prominent US role in the Middle East. Former deputy secretary of state Tony Blinken will be Biden’s nominee to lead the State Department, while former State Department policy planning chief Jake […]

Read More US to try another Middle East reset under Biden | Argus Media

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