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 NewsBy 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.comHOUSTON (Reuters) – A sustained rise in global oil prices has U.S. shale producers pondering something few expected to be considering after last year’s tumble: how to allocate rising cash flows among new production, dividends and stock buybacks. U.S. shale producers will generate about $73.6 billion in cash from operations this year, up nearly a […]
Read More U.S. shale ponders the unexpected: what to do with coming cash windfall? | ReutersThe 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
Read More Trump administration issues last-minute Arctic refuge drilling leases | ReutersThe 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 […]
Read More Interior finalizes plan to open 80 percent of Alaska petroleum reserve to drilling|The HillIt 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 | ForbesPrivate 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 – ArgusHOUSTON and SAN RAMON, California — The arm of Noble Energy that manages transporting oil and gas from the well to the refinery says it has been fully integrated with Chevron Corp. (NYSE: CVX) after the oil giant closed its $5 billion acquisition of Weld County’s second-largest producer. Noble Midstream Partners LP (Nasdaq: NBLX) said […]
Read More Noble’s midstream division finishes integration with Chevron – Greeley TribuneIt has been reported and confirmed that hackers compromised Trump’s campaign website, Tuesday evening. A message appeared on the campaign website stating, “this site is seized” and continued to read that “the world has had enough of the fake news spread daily” by President Trump and his administration. The statement demanded payment of cryptocurrency to […]
Read More Trump’s Campaign Website Compromised & Hacker Demands Cryptocurrency RansomDemocratic presidential nominee Joe Biden pledged to transition away from fossil fuels Thursday night while defending a climate plan that does not ban fracking. Biden has faced repeated attacks on fracking from President Trump as focus increasingly shifts to Pennsylvania, a crucial battleground state where the drilling method is used. Biden’s climate plan does not […]
Read More Biden: ‘I would transition from the oil industry’ | TheHill